Diamondback Energy (FANG) Announces Quarterly Earnings Results, Beats Estimates By $0.16 EPS
Diamondback Energy (NASDAQ:FANG) posted its quarterly earnings data on Tuesday. The oil and natural gas company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.16, Bloomberg Earnings reports. Diamondback Energy had a net margin of 40.02% and a return on equity of 9.74%. The firm had revenue of $399.19 million during the quarter, compared to analysts’ expectations of $370.74 million.
Diamondback Energy (FANG) opened at $122.83 on Thursday. Diamondback Energy has a 52-week low of $82.77 and a 52-week high of $134.52. The stock has a market cap of $11,292.18, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 0.59 and a beta of 0.91. The company has a current ratio of 0.46, a quick ratio of 0.45 and a debt-to-equity ratio of 0.22.
In related news, CEO Travis D. Stice sold 35,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $125.00, for a total transaction of $4,375,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Russell Pantermuehl sold 1,400 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $111.10, for a total transaction of $155,540.00. Following the sale, the vice president now owns 60,814 shares in the company, valued at approximately $6,756,435.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 68,400 shares of company stock worth $8,337,200. Company 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.
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