Diamondback Energy Inc. (NASDAQ:FANG) – Research analysts at SunTrust Banks lifted their Q4 2017 EPS estimates for Diamondback Energy in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst N. Dingmann now forecasts that the brokerage will post earnings per share of $0.89 for the quarter, up from their previous estimate of $0.86. SunTrust Banks has a “Buy” rating and a $115.00 price objective on the stock.

FANG has been the subject of a number of other reports. Nomura restated a “buy” rating and issued a $17.00 price objective on shares of Diamondback Energy in a research report on Monday, September 26th. Mizuho assumed coverage on shares of Diamondback Energy in a research report on Wednesday, October 5th. They issued a “buy” rating and a $105.00 price objective for the company. Williams Capital assumed coverage on shares of Diamondback Energy in a research note on Monday, August 29th. They issued a “hold” rating and a $105.00 target price on the stock. Zacks Investment Research downgraded shares of Diamondback Energy from a “buy” rating to a “hold” rating in a research note on Friday, September 30th. Finally, KeyCorp raised their target price on shares of Diamondback Energy from $107.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, August 22nd. Four 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. The stock currently has a consensus rating of “Buy” and an average price target of $101.50.

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

Diamondback Energy (NASDAQ:FANG) traded down 1.93% during midday trading on Thursday, reaching $95.49. 732,489 shares of the company’s stock were exchanged. The stock’s market cap is $7.45 billion. Diamondback Energy has a 12 month low of $55.48 and a 12 month high of $106.84. The firm has a 50 day moving average of $96.39 and a 200-day moving average of $92.03.

Diamondback Energy (NASDAQ:FANG) last posted its earnings results 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. Diamondback Energy had a negative net margin of 82.83% and a positive return on equity of 4.26%. The firm had revenue of $142.13 million for the quarter, compared to analyst estimates of $142.58 million. During the same period in the previous year, the firm posted $0.40 EPS. The company’s revenue for the quarter was up 27.0% compared to the same quarter last year.

In other news, CFO Teresa L. Dick sold 1,000 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $95.71, for a total transaction of $95,710.00. Following the completion of the sale, the chief financial officer now owns 25,750 shares of the company’s stock, valued at approximately $2,464,532.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Travis D. Stice sold 30,000 shares of the company’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $98.00, for a total transaction of $2,940,000.00. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Creative Planning increased its position in shares of Diamondback Energy by 7.3% in the third quarter. Creative Planning now owns 1,073 shares of the company’s stock worth $104,000 after buying an additional 73 shares during the period. BOKF NA increased its position in shares of Diamondback Energy by 12.8% in the third quarter. BOKF NA now owns 1,208 shares of the company’s stock worth $116,000 after buying an additional 137 shares during the period. Seven Eight Capital LLC bought a new position in shares of Diamondback Energy during the second quarter worth about $119,000. Advisor Group Inc. bought a new position in shares of Diamondback Energy during the second quarter worth about $120,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Diamondback Energy by 56.6% in the second quarter. PNC Financial Services Group Inc. now owns 1,359 shares of the company’s stock worth $125,000 after buying an additional 491 shares during the period. 99.53% of the stock is owned by hedge funds and other institutional investors.

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

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