Diamondback Energy (FANG) Scheduled to Post Earnings on Monday

Diamondback Energy (NASDAQ:FANG) is scheduled to be posting its quarterly earnings results after the market closes on Monday, April 30th. Analysts expect Diamondback Energy to post earnings of $1.58 per share for the quarter.

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 (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.16. The firm had revenue of $399.19 million for the quarter, compared to the consensus estimate of $370.74 million. Diamondback Energy had a net margin of 40.02% and a return on equity of 9.63%. On average, analysts expect Diamondback Energy to post $7 EPS for the current fiscal year and $10 EPS for the next fiscal year.

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Shares of NASDAQ FANG opened at $128.40 on Monday. The company has a market capitalization of $12,604.68, a PE ratio of 24.09, a PEG ratio of 0.71 and a beta of 0.82. Diamondback Energy has a 52-week low of $82.77 and a 52-week high of $134.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.61 and a current ratio of 0.62.

A number of research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Diamondback Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, March 27th. Credit Suisse Group set a $143.00 price target on shares of Diamondback Energy and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. Morgan Stanley boosted their price target on shares of Diamondback Energy from $138.00 to $167.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Piper Jaffray restated a “buy” rating and issued a $138.00 price target on shares of Diamondback Energy in a research report on Tuesday, January 9th. Finally, Stifel Nicolaus set a $149.00 price target on shares of Diamondback Energy and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Four equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $141.56.

In other Diamondback Energy news, COO Michael L. Hollis sold 29,745 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $125.21, for a total transaction of $3,724,371.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Teresa L. Dick sold 2,500 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $130.97, for a total transaction of $327,425.00. 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 in the last 90 days. 0.41% of the stock is currently owned by company 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.

Earnings History for Diamondback Energy (NASDAQ:FANG)

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