Diamondback Energy Inc (NASDAQ:FANG) – Equities researchers at Jefferies Financial Group increased their Q4 2018 earnings estimates for shares of Diamondback Energy in a report issued on Monday, December 3rd. Jefferies Financial Group analyst M. Lear now anticipates that the oil and natural gas company will post earnings of $3.00 per share for the quarter, up from their previous forecast of $2.38. Jefferies Financial Group has a “Buy” rating and a $177.00 price objective on the stock. Jefferies Financial Group also issued estimates for Diamondback Energy’s Q1 2019 earnings at $2.71 EPS, Q2 2019 earnings at $2.69 EPS, Q3 2019 earnings at $2.72 EPS, Q4 2019 earnings at $3.19 EPS, FY2019 earnings at $11.32 EPS, Q1 2020 earnings at $4.02 EPS, Q2 2020 earnings at $4.29 EPS, Q3 2020 earnings at $4.54 EPS and FY2020 earnings at $17.64 EPS.

Other research analysts also recently issued reports about the company. Raymond James reaffirmed a “buy” rating and set a $166.00 target price on shares of Diamondback Energy in a report on Monday, August 13th. BMO Capital Markets reaffirmed a “hold” rating and set a $135.00 target price on shares of Diamondback Energy in a report on Friday, August 17th. Stephens began coverage on Diamondback Energy in a report on Thursday. They set an “overweight” rating and a $177.00 target price on the stock. TD Securities set a $175.00 target price on Diamondback Energy and gave the stock a “buy” rating in a report on Saturday, August 11th. Finally, Imperial Capital boosted their price objective on Diamondback Energy from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, August 10th. Five equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Diamondback Energy currently has an average rating of “Buy” and an average target price of $160.27.

Shares of FANG opened at $101.82 on Wednesday. The stock has a market cap of $10.64 billion, a price-to-earnings ratio of 19.21, a P/E/G ratio of 0.60 and a beta of 0.72. Diamondback Energy has a 12 month low of $96.95 and a 12 month high of $140.78. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.08 and a current ratio of 1.10.

Diamondback Energy (NASDAQ:FANG) last announced its earnings results on Tuesday, November 6th. The oil and natural gas company reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.15. The firm had revenue of $538.03 million for the quarter, compared to the consensus estimate of $518.32 million. Diamondback Energy had a return on equity of 10.75% and a net margin of 33.63%. The business’s quarterly revenue was up 78.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.33 EPS.

The company also recently declared a quarterly dividend, which was paid on Monday, November 26th. Investors of record on Monday, November 19th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Friday, November 16th. Diamondback Energy’s dividend payout ratio (DPR) is currently 9.43%.

In related news, VP Russell Pantermuehl sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $127.80, for a total transaction of $255,600.00. Following the transaction, the vice president now directly owns 89,532 shares of the company’s stock, valued at approximately $11,442,189.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.57% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Point72 Hong Kong Ltd acquired a new position in Diamondback Energy during the 3rd quarter worth approximately $100,000. Belpointe Asset Management LLC acquired a new position in Diamondback Energy during the 3rd quarter worth approximately $113,000. Bray Capital Advisors acquired a new position in Diamondback Energy during the 3rd quarter worth approximately $116,000. First Hawaiian Bank bought a new stake in Diamondback Energy during the 3rd quarter worth approximately $121,000. Finally, Captrust Financial Advisors increased its holdings in Diamondback Energy by 99.8% during the 2nd quarter. Captrust Financial Advisors now owns 995 shares of the oil and natural gas company’s stock worth $131,000 after purchasing an additional 497 shares in the last quarter.

About Diamondback Energy

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.

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

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