Wall Street analysts forecast that Diamondback Energy Inc (NASDAQ:FANG) will report earnings per share of $1.44 for the current quarter, according to Zacks. Eleven analysts have made estimates for Diamondback Energy’s earnings. The highest EPS estimate is $1.71 and the lowest is $0.94. Diamondback Energy reported earnings per share of $0.90 in the same quarter last year, which suggests a positive year over year growth rate of 60%. The company is expected to announce its next earnings report on Tuesday, February 13th.

According to Zacks, analysts expect that Diamondback Energy will report full-year earnings of $5.06 per share for the current year, with EPS estimates ranging from $4.56 to $5.34. For the next fiscal year, analysts expect that the firm will post earnings of $6.31 per share, with EPS estimates ranging from $3.93 to $8.41. Zacks’ EPS averages are an average based on a survey of analysts that cover Diamondback Energy.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $1.33 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $296.53 million. During the same period in the prior year, the company posted ($0.03) EPS. The company’s revenue was up 112.0% compared to the same quarter last year.

Several equities research analysts have recently weighed in on the company. Piper Jaffray Companies reiterated a “buy” rating and issued a $118.00 price objective on shares of Diamondback Energy in a research note on Friday, November 24th. SunTrust Banks reissued a “buy” rating and issued a $130.00 target price on shares of Diamondback Energy in a report on Friday, November 10th. Stifel Nicolaus set a $129.00 target price on Diamondback Energy and gave the stock a “buy” rating in a report on Thursday, October 5th. BidaskClub raised Diamondback Energy from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. Finally, Goldman Sachs Group downgraded Diamondback Energy from a “conviction-buy” rating to a “buy” rating and boosted their target price for the stock from $106.53 to $118.00 in a report on Friday, November 17th. Two investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $127.96.

Diamondback Energy (NASDAQ FANG) traded down $2.12 during mid-day trading on Wednesday, hitting $128.02. The stock had a trading volume of 1,002,400 shares, compared to its average volume of 1,274,470. Diamondback Energy has a 52 week low of $82.77 and a 52 week high of $132.07. The company has a market cap of $12,600.00, a price-to-earnings ratio of 31.00, a P/E/G ratio of 0.74 and a beta of 1.08. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.45 and a current ratio of 0.46.

In other Diamondback Energy news, insider Michael L. Hollis sold 2,000 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $105.00, for a total transaction of $210,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $438,200.00. Following the transaction, the vice president now directly owns 64,214 shares in the company, valued at approximately $7,034,643.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 76,400 shares of company stock worth $9,156,330. Company insiders own 0.41% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. FMR LLC lifted its stake in shares of Diamondback Energy by 1.6% in the 2nd quarter. FMR LLC now owns 11,609,146 shares of the oil and natural gas company’s stock valued at $1,031,009,000 after purchasing an additional 185,890 shares during the period. Vanguard Group Inc. lifted its stake in shares of Diamondback Energy by 8.9% in the 2nd quarter. Vanguard Group Inc. now owns 7,988,153 shares of the oil and natural gas company’s stock valued at $709,428,000 after purchasing an additional 651,353 shares during the period. Boston Partners lifted its stake in shares of Diamondback Energy by 18.1% in the 3rd quarter. Boston Partners now owns 7,874,429 shares of the oil and natural gas company’s stock valued at $771,379,000 after purchasing an additional 1,208,864 shares during the period. Warburg Pincus LLC lifted its stake in shares of Diamondback Energy by 132.4% in the 2nd quarter. Warburg Pincus LLC now owns 6,532,915 shares of the oil and natural gas company’s stock valued at $580,188,000 after purchasing an additional 3,721,519 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of Diamondback Energy by 4.9% in the 2nd quarter. BlackRock Inc. now owns 4,936,470 shares of the oil and natural gas company’s stock valued at $438,409,000 after purchasing an additional 229,276 shares during the period.

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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.

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

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