Capital One Financial Weighs in on Diamondback Energy Inc’s Q4 2018 Earnings (FANG)

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Diamondback Energy Inc (NASDAQ:FANG) – Investment analysts at Capital One Financial increased their Q4 2018 earnings estimates for shares of Diamondback Energy in a research report issued to clients and investors on Monday, December 17th. Capital One Financial analyst R. Tullis now expects that the oil and natural gas company will post earnings of $2.01 per share for the quarter, up from their previous estimate of $1.78.

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

Several other brokerages also recently weighed in on FANG. Zacks Investment Research reaffirmed a “hold” rating on shares of Diamondback Energy in a report on Tuesday, November 13th. Oppenheimer reaffirmed a “buy” rating on shares of Diamondback Energy in a report on Tuesday, November 6th. Williams Capital set a $171.00 price target on Diamondback Energy and gave the stock a “buy” rating in a report on Wednesday, November 7th. Morgan Stanley set a $171.00 price target on Diamondback Energy and gave the stock a “buy” rating in a report on Friday, October 12th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $183.00 price target on shares of Diamondback Energy in a report on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $159.41.

Shares of NASDAQ FANG opened at $87.93 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 1.08. Diamondback Energy has a 1-year low of $86.51 and a 1-year high of $140.78. The firm has a market cap of $8.97 billion, a P/E ratio of 16.59, a P/E/G ratio of 0.51 and a beta of 0.72.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 26th. Shareholders of record on Monday, November 19th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.57%. The ex-dividend date was Friday, November 16th. Diamondback Energy’s payout ratio is 9.43%.

A number of large investors have recently added to or reduced their stakes in FANG. Principal Financial Group Inc. increased its position in shares of Diamondback Energy by 13.2% in the first quarter. Principal Financial Group Inc. now owns 13,523 shares of the oil and natural gas company’s stock valued at $1,711,000 after buying an additional 1,578 shares in the last quarter. KBC Group NV increased its position in shares of Diamondback Energy by 68.7% in the second quarter. KBC Group NV now owns 11,422 shares of the oil and natural gas company’s stock valued at $1,503,000 after buying an additional 4,652 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Diamondback Energy by 23.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,300 shares of the oil and natural gas company’s stock valued at $2,539,000 after buying an additional 3,676 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Diamondback Energy by 81.5% in the second quarter. Toronto Dominion Bank now owns 10,978 shares of the oil and natural gas company’s stock valued at $1,445,000 after buying an additional 4,930 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its position in shares of Diamondback Energy by 12.6% in the second quarter. Nissay Asset Management Corp Japan ADV now owns 6,858 shares of the oil and natural gas company’s stock valued at $902,000 after buying an additional 770 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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