Diamondback Energy Inc (NASDAQ:FANG) – Research analysts at Capital One Financial lowered their FY2019 earnings per share (EPS) estimates for shares of Diamondback Energy in a note issued to investors on Wednesday, November 7th. Capital One Financial analyst R. Tullis now forecasts that the oil and natural gas company will post earnings per share of $9.23 for the year, down from their prior forecast of $9.83. Capital One Financial has a “Overweight” rating on the stock.

A number of other research firms also recently weighed in on FANG. SunTrust Banks reissued a “buy” rating and set a $170.00 target price on shares of Diamondback Energy in a research report on Friday, August 10th. Oppenheimer reissued a “buy” rating on shares of Diamondback Energy in a research report on Tuesday. Williams Capital set a $171.00 target price on shares of Diamondback Energy and gave the company a “buy” rating in a research report on Wednesday. Morgan Stanley set a $171.00 target price on shares of Diamondback Energy and gave the company a “buy” rating in a research report on Friday, October 12th. Finally, Wells Fargo & Co reissued an “outperform” rating and set a $183.00 target price on shares of Diamondback Energy in a research report on Wednesday, October 24th. Four analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $156.45.

Diamondback Energy stock opened at $113.85 on Friday. Diamondback Energy has a twelve month low of $105.66 and a twelve month high of $140.78. The company has a market cap of $11.43 billion, a PE ratio of 17.94, a P/E/G ratio of 0.73 and a beta of 0.70. The company has a quick ratio of 0.52, a current ratio of 0.54 and a debt-to-equity ratio of 0.33.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Tuesday, November 6th. The oil and natural gas company reported $1.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.15. Diamondback Energy had a net margin of 33.63% and a return on equity of 11.06%. The firm had revenue of $538.03 million during the quarter, compared to the consensus estimate of $518.32 million. During the same period in the prior year, the firm earned $1.33 EPS. The company’s revenue was up 78.6% compared to the same quarter last year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 26th. Investors of record on Monday, November 19th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.44%. The ex-dividend date is Friday, November 16th. Diamondback Energy’s dividend payout ratio (DPR) is presently 9.43%.

In related news, VP Russell Pantermuehl sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $127.80, for a total value of $255,600.00. Following the completion of the transaction, the vice president now directly owns 89,532 shares of the company’s stock, valued at approximately $11,442,189.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.57% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FANG. Bray Capital Advisors purchased a new stake in Diamondback Energy in the 3rd quarter worth approximately $116,000. First Hawaiian Bank purchased a new stake in Diamondback Energy in the 3rd quarter worth approximately $121,000. Captrust Financial Advisors lifted its stake in Diamondback Energy by 99.8% in the 2nd quarter. Captrust Financial Advisors now owns 995 shares of the oil and natural gas company’s stock worth $131,000 after purchasing an additional 497 shares in the last quarter. Wedbush Securities Inc. purchased a new stake in Diamondback Energy in the 2nd quarter worth approximately $201,000. Finally, Ingalls & Snyder LLC purchased a new stake in Diamondback Energy in the 3rd quarter worth approximately $212,000.

Diamondback Energy Company Profile

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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