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.

Several research firms recently weighed in on FANG. Northland Securities set a $140.00 price objective on shares of Diamondback Energy and gave the stock a “buy” rating in a research report on Wednesday. Williams Capital set a $137.00 target price on shares of Diamondback Energy and gave the stock a “hold” rating in a report on Wednesday. B. Riley assumed coverage on shares of Diamondback Energy in a report on Monday, February 5th. They set a “neutral” rating and a $150.00 target price for the company. Morgan Stanley lowered their target price on shares of Diamondback Energy to $164.00 and set an “overweight” rating for the company in a report on Wednesday, February 7th. Finally, Zacks Investment Research raised shares of Diamondback Energy from a “hold” rating to a “buy” rating and set a $146.00 price target for the company in a report on Wednesday, January 17th. Five equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $136.70.

ILLEGAL ACTIVITY WARNING: This article was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this article on another website, it was illegally stolen and reposted in violation of United States and international copyright and trademark law. The correct version of this article can be accessed at https://theolympiareport.com/2018/02/15/diamondback-energy-fang-announces-quarterly-earnings-results-beats-estimates-by-0-16-eps.html.

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 for Diamondback Energy (NASDAQ:FANG)

Receive News & Ratings for Diamondback Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diamondback Energy and related companies with MarketBeat.com's FREE daily email newsletter.