Diamondback Energy Inc (NASDAQ:FANG) – Investment analysts at KeyCorp boosted their Q4 2018 earnings per share (EPS) estimates for shares of Diamondback Energy in a research report issued on Tuesday. KeyCorp analyst C. Stevens now anticipates that the oil and natural gas company will post earnings of $1.58 per share for the quarter, up from their prior forecast of $1.38. KeyCorp has a “Overweight” rating and a $125.00 price objective on the stock. KeyCorp also issued estimates for Diamondback Energy’s Q1 2019 earnings at $1.74 EPS, Q3 2019 earnings at $2.21 EPS and FY2019 earnings at $8.16 EPS.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.31. Diamondback Energy had a net margin of 39.69% and a return on equity of 8.76%. The business had revenue of $301.30 million during the quarter, compared to analysts’ expectations of $296.53 million. During the same quarter in the prior year, the business posted ($0.03) earnings per share. Diamondback Energy’s revenue was up 112.0% compared to the same quarter last year.

Several other equities research analysts have also recently weighed in on FANG. BidaskClub cut shares of Diamondback Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Northland Securities set a $125.00 price objective on shares of Diamondback Energy and gave the stock a “buy” rating in a research report on Monday, August 21st. Piper Jaffray Companies reaffirmed a “buy” rating and set a $112.00 price objective on shares of Diamondback Energy in a research report on Thursday, September 14th. Williams Capital reaffirmed a “hold” rating and set a $110.00 price objective (up previously from $105.00) on shares of Diamondback Energy in a research report on Tuesday, October 3rd. Finally, US Capital Advisors reaffirmed a “buy” rating on shares of Diamondback Energy in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have issued a buy rating to the company. Diamondback Energy has an average rating of “Buy” and a consensus price target of $125.56.

Diamondback Energy (FANG) traded down $1.51 on Thursday, reaching $109.52. 983,197 shares of the company traded hands, compared to its average volume of 754,610. Diamondback Energy has a 1-year low of $82.77 and a 1-year high of $114.93. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.46 and a quick ratio of 0.45. The company has a market capitalization of $10,899.51, a PE ratio of 23.77, a price-to-earnings-growth ratio of 0.80 and a beta of 1.09.

In other news, CFO Teresa L. Dick sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $112.13, for a total value of $112,130.00. Following the completion of the transaction, the chief financial officer now owns 30,760 shares of the company’s stock, valued at $3,449,118.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Paul Molnar sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $111.83, for a total value of $559,150.00. Following the completion of the transaction, the vice president now directly owns 37,563 shares of the company’s stock, valued at approximately $4,200,670.29. The disclosure for this sale can be found here. Insiders sold 32,400 shares of company stock valued at $3,424,510 in the last three months. Company insiders own 0.41% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Johnson Financial Group Inc. acquired a new position in shares of Diamondback Energy in the second quarter valued at approximately $102,000. Crossmark Global Holdings Inc. acquired a new position in shares of Diamondback Energy in the third quarter valued at approximately $206,000. Commerce Bank acquired a new position in shares of Diamondback Energy in the third quarter valued at approximately $208,000. Cubist Systematic Strategies LLC increased its stake in shares of Diamondback Energy by 46.7% in the second quarter. Cubist Systematic Strategies LLC now owns 2,200 shares of the oil and natural gas company’s stock valued at $195,000 after buying an additional 700 shares during the period. Finally, Raymond James Trust N.A. acquired a new position in shares of Diamondback Energy in the third quarter valued at approximately $237,000.

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About Diamondback Energy

Diamondback Energy, Inc is an independent oil and natural gas company. The Company focuses on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. As of December 31, 2016, the Company’s total net acreage position in the Permian Basin was approximately 105,894 net acres.

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

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