Q2 2018 EPS Estimates for Diamondback Energy Inc (FANG) Boosted by Capital One Financial

Diamondback Energy Inc (NASDAQ:FANG) – Equities researchers at Capital One Financial increased their Q2 2018 earnings per share estimates for shares of Diamondback Energy in a research report issued on Wednesday. Capital One Financial analyst R. Tullis now anticipates that the oil and natural gas company will post earnings per share of $1.58 for the quarter, up from their prior estimate of $1.57. Capital One Financial also issued estimates for Diamondback Energy’s Q3 2018 earnings at $1.69 EPS and Q4 2018 earnings at $1.80 EPS.

Several other equities analysts also recently commented on FANG. Williams Capital reaffirmed a “hold” rating and issued a $114.00 target price (up previously from $110.00) on shares of Diamondback Energy in a research report on Wednesday, October 18th. Morgan Stanley upped their target price on Diamondback Energy from $118.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. KeyCorp reaffirmed an “overweight” rating and issued a $125.00 target price (up previously from $117.00) on shares of Diamondback Energy in a research report on Tuesday, November 7th. Imperial Capital upped their target price on Diamondback Energy from $113.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. Finally, Zacks Investment Research cut Diamondback Energy from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Five equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $136.70.

Diamondback Energy (FANG) opened at $122.83 on Thursday. Diamondback Energy has a 12-month low of $82.77 and a 12-month high of $134.52. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.46 and a quick ratio of 0.45. The company has a market capitalization of $11,292.18, a P/E ratio of 21.58, a PEG ratio of 0.59 and a beta of 0.91.

Diamondback Energy (NASDAQ:FANG) last posted its earnings results on Tuesday, February 13th. The oil and natural gas company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.40 by $0.16. Diamondback Energy had a return on equity of 9.74% and a net margin of 40.02%. The company had revenue of $399.19 million for the quarter, compared to the consensus estimate of $370.74 million.

In other Diamondback Energy news, CEO Travis D. Stice sold 35,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $125.00, for a total transaction of $4,375,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael L. Hollis sold 3,000 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $129.34, for a total value of $388,020.00. The disclosure for this sale can be found here. Insiders have sold 68,400 shares of company stock valued at $8,337,200 over the last 90 days. Corporate insiders own 0.41% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc lifted its stake in Diamondback Energy by 42.6% during the fourth quarter. IFP Advisors Inc now owns 1,302 shares of the oil and natural gas company’s stock worth $164,000 after purchasing an additional 389 shares during the last quarter. Capital Analysts LLC lifted its stake in Diamondback Energy by 5.2% during the third quarter. Capital Analysts LLC now owns 9,479 shares of the oil and natural gas company’s stock worth $929,000 after purchasing an additional 469 shares during the last quarter. Signature Estate & Investment Advisors LLC lifted its stake in Diamondback Energy by 7.8% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 6,651 shares of the oil and natural gas company’s stock worth $840,000 after purchasing an additional 480 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Diamondback Energy by 8.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,295 shares of the oil and natural gas company’s stock worth $795,000 after purchasing an additional 510 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in Diamondback Energy by 4.9% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 12,161 shares of the oil and natural gas company’s stock worth $1,191,000 after purchasing an additional 564 shares during the last quarter.

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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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