Diamondback Energy Inc (NASDAQ:FANG) – Analysts at Seaport Global Securities upped their FY2017 EPS estimates for Diamondback Energy in a research note issued on Thursday. Seaport Global Securities analyst M. Kelly now anticipates that the oil and natural gas company will post earnings per share of $5.34 for the year, up from their prior forecast of $5.26.

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 analysts’ consensus estimates of $1.02 by $0.31. Diamondback Energy had a return on equity of 8.76% and a net margin of 39.69%. The company had revenue of $301.30 million during the quarter, compared to analyst estimates of $296.53 million. During the same quarter last year, the firm posted ($0.03) earnings per share. The firm’s revenue was up 112.0% on a year-over-year basis.

A number of other brokerages have also commented on FANG. BMO Capital Markets set a $110.00 price target on Diamondback Energy and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Scotiabank reaffirmed a “buy” rating and issued a $118.00 price target on shares of Diamondback Energy in a research note on Wednesday, November 22nd. Morgan Stanley raised their price target on Diamondback Energy from $118.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $138.00 price target on shares of Diamondback Energy in a research note on Tuesday, January 9th. Finally, Citigroup initiated coverage on Diamondback Energy in a research note on Friday, December 1st. They issued a “buy” rating and a $130.00 price target for the company. Three analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $125.42.

Shares of Diamondback Energy (NASDAQ:FANG) opened at $130.14 on Monday. Diamondback Energy has a 52 week low of $82.77 and a 52 week high of $132.07. The company has a market capitalization of $12,775.45, a price-to-earnings ratio of 31.51, a P/E/G ratio of 0.74 and a beta of 1.08. The company has a quick ratio of 0.45, a current ratio of 0.46 and a debt-to-equity ratio of 0.22.

In other news, VP Russell Pantermuehl sold 4,000 shares of the firm’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 transaction, the vice president now directly owns 64,214 shares in the company, valued at $7,034,643.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Travis D. Stice sold 35,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $125.00, for a total value of $4,375,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,400 shares of company stock valued at $9,156,330. 0.41% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC increased its holdings in Diamondback Energy by 46.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 2,200 shares of the oil and natural gas company’s stock worth $195,000 after buying an additional 700 shares in the last quarter. KCS Wealth Advisory bought a new stake in Diamondback Energy in the 4th quarter worth about $202,000. Crossmark Global Holdings Inc. bought a new stake in Diamondback Energy in the 3rd quarter worth about $206,000. Commerce Bank bought a new stake in Diamondback Energy in the 3rd quarter worth about $208,000. Finally, Sentry Investment Management LLC bought a new stake in Diamondback Energy in the 2nd quarter worth about $215,000.

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About Diamondback Energy

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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