Brokers Issue Forecasts for Diamondback Energy’s Q1 2018 Earnings (FANG)

Diamondback Energy (NASDAQ:FANG) – Stock analysts at Seaport Global Securities upped their Q1 2018 earnings per share estimates for Diamondback Energy in a research note issued on Wednesday, April 11th, Zacks Investment Research reports. Seaport Global Securities analyst M. Kelly now expects that the oil and natural gas company will post earnings of $1.50 per share for the quarter, up from their prior estimate of $1.47. Seaport Global Securities also issued estimates for Diamondback Energy’s FY2018 earnings at $6.88 EPS.

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Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings results on Tuesday, February 13th. The oil and natural gas company reported $1.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.16. Diamondback Energy had a return on equity of 9.63% 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.

FANG has been the topic of a number of other research reports. BidaskClub upgraded Diamondback Energy from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. Stifel Nicolaus set a $167.00 price objective on Diamondback Energy and gave the company a “buy” rating in a report on Wednesday, March 28th. Zacks Investment Research downgraded Diamondback Energy from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Barclays reiterated a “buy” rating and issued a $138.00 price objective on shares of Diamondback Energy in a report on Sunday, December 24th. Finally, Stephens reiterated a “buy” rating and issued a $159.00 price objective on shares of Diamondback Energy in a report on Friday, February 16th. Five equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Diamondback Energy presently has an average rating of “Buy” and an average target price of $141.76.

FANG opened at $128.88 on Thursday. Diamondback Energy has a one year low of $82.77 and a one year high of $134.60. The stock has a market capitalization of $12,477.06, a PE ratio of 23.85, a price-to-earnings-growth ratio of 0.71 and a beta of 0.83. The company has a current ratio of 0.62, a quick ratio of 0.61 and a debt-to-equity ratio of 0.26.

Institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors acquired a new stake in Diamondback Energy during the 4th quarter worth approximately $149,000. IFP Advisors Inc lifted its holdings in shares of Diamondback Energy by 42.6% in the 4th quarter. IFP Advisors Inc now owns 1,302 shares of the oil and natural gas company’s stock valued at $164,000 after buying an additional 389 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Diamondback Energy by 476.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,412 shares of the oil and natural gas company’s stock valued at $178,000 after buying an additional 1,167 shares during the period. KCS Wealth Advisory acquired a new stake in shares of Diamondback Energy in the 4th quarter valued at approximately $202,000. Finally, Dearborn Partners LLC acquired a new stake in shares of Diamondback Energy in the 4th quarter valued at approximately $208,000.

In other Diamondback Energy news, VP Randall J. Holder sold 7,120 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $124.15, for a total transaction of $883,948.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Travis D. Stice sold 87,150 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $125.20, for a total value of $10,911,180.00. The disclosure for this sale can be found here. Insiders have sold a total of 136,431 shares of company stock valued at $17,070,232 over the last ninety days. 0.41% of the stock is owned by insiders.

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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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