Diamondback Energy Inc. (NASDAQ:FANG) – KeyCorp issued their Q3 2018 earnings estimates for shares of Diamondback Energy in a research note issued on Tuesday. KeyCorp analyst C. Stevens expects that the firm will post earnings of $1.68 per share for the quarter. KeyCorp currently has a “Overweight” rating and a $110.00 target price on the stock.

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

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

A number of other analysts have also recently commented on the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $105.00 price target on shares of Diamondback Energy in a research report on Tuesday, November 8th. Mizuho reissued a “buy” rating and set a $105.00 price objective on shares of Diamondback Energy in a research report on Monday, October 17th. Stephens raised shares of Diamondback Energy from an “equal weight” rating to an “overweight” rating and set a $119.00 price objective on the stock in a research report on Monday, October 17th. Zacks Investment Research raised shares of Diamondback Energy from a “hold” rating to a “buy” rating and set a $116.00 price objective on the stock in a research report on Thursday, October 13th. Finally, Raymond James Financial Inc. reissued an “outperform” rating and set a $117.00 price objective (up previously from $104.00) on shares of Diamondback Energy in a research report on Thursday, October 13th. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Diamondback Energy has an average rating of “Buy” and an average price target of $101.50.

Diamondback Energy (NASDAQ:FANG) remained flat at $100.77 during trading on Thursday. The stock had a trading volume of 923,785 shares. The firm’s market cap is $7.87 billion. The stock has a 50 day moving average of $97.68 and a 200-day moving average of $92.73. Diamondback Energy has a 12-month low of $55.48 and a 12-month high of $106.84.

In other Diamondback Energy news, VP Elizabeth Moses sold 2,000 shares of the stock in a transaction on Monday, September 19th. The shares were sold at an average price of $88.66, for a total transaction of $177,320.00. Following the completion of the transaction, the vice president now owns 11,709 shares in the company, valued at $1,038,119.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael L. Hollis sold 10,000 shares of the stock in a transaction on Monday, October 10th. The shares were sold at an average price of $104.00, for a total transaction of $1,040,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of FANG. Columbus Circle Investors increased its position in Diamondback Energy by 24.1% in the second quarter. Columbus Circle Investors now owns 431,152 shares of the company’s stock worth $39,325,000 after buying an additional 83,777 shares during the period. Nuveen Asset Management LLC increased its position in Diamondback Energy by 3.2% in the first quarter. Nuveen Asset Management LLC now owns 23,811 shares of the company’s stock worth $1,838,000 after buying an additional 744 shares during the period. Ameriprise Financial Inc. increased its position in Diamondback Energy by 189.9% in the second quarter. Ameriprise Financial Inc. now owns 152,559 shares of the company’s stock worth $13,916,000 after buying an additional 99,930 shares during the period. OLD National Bancorp IN increased its position in Diamondback Energy by 10.0% in the second quarter. OLD National Bancorp IN now owns 6,133 shares of the company’s stock worth $559,000 after buying an additional 559 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its position in Diamondback Energy by 44.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 103,102 shares of the company’s stock worth $9,404,000 after buying an additional 31,647 shares during the period.

TRADEMARK VIOLATION WARNING: This story was originally posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this story on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The original version of this story can be accessed at https://www.thecerbatgem.com/2016/11/24/diamondback-energy-inc-forecasted-to-post-q3-2018-earnings-of-1-68-per-share-fang.html.

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.