Diamondback Energy Inc. (NASDAQ:FANG) – Equities research analysts at KeyCorp upped their Q1 2017 earnings per share estimates for Diamondback Energy in a report issued on Monday. KeyCorp analyst C. Stevens now forecasts that the brokerage will earn $0.53 per share for the quarter, up from their prior estimate of $0.44. KeyCorp has a “Overweight” rating and a $110.00 price target on the stock. KeyCorp also issued estimates for Diamondback Energy’s Q2 2017 earnings at $0.65 EPS, Q3 2017 earnings at $0.79 EPS, Q4 2017 earnings at $0.93 EPS and FY2017 earnings at $2.90 EPS.

A number of other brokerages have also recently commented on FANG. Barclays PLC lifted their target price on shares of Diamondback Energy from $88.00 to $108.00 and gave the company an “equal weight” rating in a report on Tuesday, October 11th. Canaccord Genuity reiterated a “buy” rating and issued a $116.00 price objective (up from $103.00) on shares of Diamondback Energy in a research report on Tuesday, October 11th. Wunderlich lifted their price objective on shares of Diamondback Energy from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, October 11th. KLR Group lifted their price objective on shares of Diamondback Energy from $126.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, October 11th. Finally, Williams Capital reiterated a “hold” rating and issued a $112.00 price objective (up from $105.00) on shares of Diamondback Energy in a research report on Monday, October 10th. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. Diamondback Energy currently has an average rating of “Buy” and an average target price of $101.50.

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

Shares of Diamondback Energy (NASDAQ:FANG) opened at 95.49 on Thursday. The firm’s market capitalization is $7.45 billion. The stock has a 50 day moving average of $96.39 and a 200-day moving average of $92.03. Diamondback Energy has a 12 month low of $55.48 and a 12 month high of $106.84.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.20. The company earned $142.13 million during the quarter, compared to analysts’ expectations of $142.58 million. Diamondback Energy had a negative net margin of 82.83% and a positive return on equity of 4.26%. The firm’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 earnings per share.

A number of institutional investors have recently added to or reduced their stakes in FANG. Winslow Capital Management LLC bought a new position in Diamondback Energy during the second quarter worth $255,580,000. FMR LLC boosted its position in Diamondback Energy by 8.5% in the second quarter. FMR LLC now owns 8,479,878 shares of the company’s stock worth $773,449,000 after buying an additional 665,001 shares in the last quarter. Boston Partners boosted its position in Diamondback Energy by 8.4% in the third quarter. Boston Partners now owns 7,736,867 shares of the company’s stock worth $746,917,000 after buying an additional 598,307 shares in the last quarter. Fiera Capital Corp bought a new position in Diamondback Energy during the second quarter worth $41,604,000. Finally, Magnetar Financial LLC boosted its position in Diamondback Energy by 87.2% in the first quarter. Magnetar Financial LLC now owns 748,600 shares of the company’s stock worth $57,777,000 after buying an additional 348,600 shares in the last quarter. Hedge funds and other institutional investors own 99.53% of the company’s stock.

In other Diamondback Energy news, COO Michael L. Hollis sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $104.00, for a total value of $1,040,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Elizabeth Moses sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $88.66, for a total value of $177,320.00. Following the completion of the transaction, the vice president now owns 11,709 shares of the company’s stock, valued at approximately $1,038,119.94. The disclosure for this sale can be found here. 0.52% of the stock is owned by company insiders.

Diamondback Energy Company Profile

Diamondback Energy, Inc is an independent oil and natural gas company. The Company is focused on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. Its total net acreage position in the Permian Basin is approximately 84,680 net acres.

5 Day Chart for NASDAQ:FANG

Receive News & Stock Ratings for Diamondback Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diamondback Energy Inc. and related stocks with our FREE daily email newsletter.