Diamondback Energy, Inc. (NASDAQ:FANG) – Equities researchers at US Capital Advisors raised their FY2017 earnings per share estimates for Diamondback Energy in a report released on Monday. US Capital Advisors analyst C. Horwitz now forecasts that the oil and natural gas company will post earnings per share of $5.24 for the year, up from their prior estimate of $5.02. US Capital Advisors has a “Buy” rating on the stock. US Capital Advisors also issued estimates for Diamondback Energy’s FY2018 earnings at $8.41 EPS, Q1 2019 earnings at $2.56 EPS, Q2 2019 earnings at $2.69 EPS, Q3 2019 earnings at $2.82 EPS and FY2019 earnings at $11.02 EPS.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.31. The business had revenue of $301.30 million for the quarter, compared to analyst estimates of $296.53 million. Diamondback Energy had a return on equity of 8.76% and a net margin of 39.69%. The company’s quarterly revenue was up 112.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.03) EPS.

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Several other research analysts also recently issued reports on FANG. Zacks Investment Research upgraded Diamondback Energy from a “hold” rating to a “buy” rating and set a $111.00 price objective for the company in a research report on Monday, October 9th. Piper Jaffray Companies restated a “buy” rating and set a $112.00 price objective on shares of Diamondback Energy in a research report on Thursday, September 14th. KeyCorp restated an “overweight” rating and set a $125.00 price objective (up from $117.00) on shares of Diamondback Energy in a research report on Tuesday, November 7th. Barclays PLC lifted their price objective on Diamondback Energy from $105.00 to $121.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 11th. Finally, Stifel Nicolaus set a $129.00 price objective on Diamondback Energy and gave the stock a “buy” rating in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $126.17.

Shares of Diamondback Energy (FANG) opened at $109.25 on Thursday. The company has a market capitalization of $10,714.96, a P/E ratio of 23.37, a PEG ratio of 0.80 and a beta of 1.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.45 and a current ratio of 0.46. Diamondback Energy has a 52 week low of $82.77 and a 52 week high of $114.93.

A number of institutional investors have recently made changes to their positions in the stock. Green Square Capital LLC boosted its position in Diamondback Energy by 1.2% during the 2nd quarter. Green Square Capital LLC now owns 3,531 shares of the oil and natural gas company’s stock worth $314,000 after purchasing an additional 42 shares during the period. Profund Advisors LLC boosted its position in Diamondback Energy by 1.5% during the 2nd quarter. Profund Advisors LLC now owns 4,163 shares of the oil and natural gas company’s stock worth $370,000 after purchasing an additional 62 shares during the period. American International Group Inc. boosted its position in Diamondback Energy by 5.8% during the 1st quarter. American International Group Inc. now owns 2,308 shares of the oil and natural gas company’s stock worth $239,000 after purchasing an additional 126 shares during the period. AT Bancorp boosted its position in Diamondback Energy by 1.8% during the 2nd quarter. AT Bancorp now owns 8,475 shares of the oil and natural gas company’s stock worth $753,000 after purchasing an additional 151 shares during the period. Finally, Energy Opportunities Capital Management LLC boosted its position in Diamondback Energy by 1.1% during the 2nd quarter. Energy Opportunities Capital Management LLC now owns 16,000 shares of the oil and natural gas company’s stock worth $1,421,000 after purchasing an additional 170 shares during the period.

In other news, VP Russell Pantermuehl sold 4,000 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $109.55, for a total transaction of $438,200.00. Following the completion of the sale, the vice president now directly owns 64,214 shares in the company, valued at approximately $7,034,643.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Paul Molnar sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $95.04, for a total transaction of $475,200.00. Following the sale, the vice president now directly owns 42,563 shares of the company’s stock, valued at $4,045,187.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,805 shares of company stock valued at $2,446,531. Insiders own 0.41% of the company’s stock.

Diamondback Energy Company Profile

Diamondback Energy, Inc is an independent oil and natural gas company. The Company focuses on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. As of December 31, 2016, the Company’s total net acreage position in the Permian Basin was approximately 105,894 net acres.

Earnings History and Estimates for Diamondback Energy (NASDAQ:FANG)

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