Diamondback Energy (NASDAQ:FANG) – Research analysts at Imperial Capital upped their FY2019 earnings per share estimates for shares of Diamondback Energy in a research note issued on Tuesday, April 24th. Imperial Capital analyst J. Wangler now forecasts that the oil and natural gas company will earn $10.86 per share for the year, up from their previous estimate of $10.71.

Several other research firms have also recently commented on FANG. ValuEngine upgraded shares of Diamondback Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, March 27th. Zacks Investment Research upgraded shares of Diamondback Energy from a “hold” rating to a “buy” rating and set a $146.00 target price for the company in a research note on Wednesday, January 17th. BidaskClub cut shares of Diamondback Energy from a “buy” rating to a “hold” rating in a research note on Thursday, April 12th. Deutsche Bank initiated coverage on shares of Diamondback Energy in a research note on Thursday, February 1st. They set a “buy” rating and a $162.00 target price for the company. Finally, Credit Suisse Group set a $143.00 target price on shares of Diamondback Energy and gave the company a “buy” rating in a research note on Tuesday, January 23rd. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $141.60.

NASDAQ:FANG opened at $125.85 on Thursday. The firm has a market cap of $12,454.48, a P/E ratio of 23.75, a P/E/G ratio of 0.72 and a beta of 0.83. Diamondback Energy has a one year low of $82.77 and a one year high of $134.60. The company has a quick ratio of 0.61, a current ratio of 0.62 and a debt-to-equity ratio of 0.26.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Tuesday, February 13th. The oil and natural gas company reported $1.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.16. The firm had revenue of $399.19 million during the quarter, compared to analysts’ expectations of $370.74 million. Diamondback Energy had a net margin of 40.02% and a return on equity of 9.63%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Xact Kapitalforvaltning AB grew its holdings in shares of Diamondback Energy by 17.8% in the 4th quarter. Xact Kapitalforvaltning AB now owns 9,617 shares of the oil and natural gas company’s stock worth $1,214,000 after purchasing an additional 1,452 shares during the last quarter. Ashburton Jersey Ltd grew its holdings in Diamondback Energy by 20.6% during the 4th quarter. Ashburton Jersey Ltd now owns 22,276 shares of the oil and natural gas company’s stock worth $2,812,000 after acquiring an additional 3,800 shares during the last quarter. Delek Group Ltd. bought a new stake in Diamondback Energy during the 4th quarter worth about $6,303,000. William Blair Investment Management LLC grew its holdings in Diamondback Energy by 24.8% during the 4th quarter. William Blair Investment Management LLC now owns 851,819 shares of the oil and natural gas company’s stock worth $107,542,000 after acquiring an additional 169,321 shares during the last quarter. Finally, BB&T Securities LLC grew its holdings in Diamondback Energy by 479.0% during the 4th quarter. BB&T Securities LLC now owns 16,657 shares of the oil and natural gas company’s stock worth $2,103,000 after acquiring an additional 13,780 shares during the last quarter.

In other news, CFO Teresa L. Dick sold 2,500 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $130.97, for a total value of $327,425.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael L. Hollis sold 3,000 shares of the company’s stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $118.80, for a total transaction of $356,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 136,431 shares of company stock worth $17,070,232. 0.41% of the stock is owned by insiders.

Diamondback Energy Company Profile

Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. Its activities are primarily focused on the Wolfcamp, Spraberry, Clearfork, Bone Spring, and Cline formations.

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

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