Diamondback Energy Inc (NASDAQ:FANG) – Equities researchers at Imperial Capital issued their Q1 2019 earnings per share (EPS) estimates for Diamondback Energy in a research report issued on Thursday, November 8th. Imperial Capital analyst J. Wangler anticipates that the oil and natural gas company will post earnings per share of $2.25 for the quarter. Imperial Capital currently has a “Outperform” rating and a $170.00 target price on the stock. Imperial Capital also issued estimates for Diamondback Energy’s Q2 2019 earnings at $2.44 EPS, Q3 2019 earnings at $2.70 EPS and Q4 2019 earnings at $3.07 EPS.

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

A number of other brokerages have also recently issued reports on FANG. SunTrust Banks reissued a “buy” rating and issued a $170.00 target price on shares of Diamondback Energy in a report on Friday, August 10th. Oppenheimer reaffirmed a “buy” rating on shares of Diamondback Energy in a report on Tuesday. Williams Capital set a $171.00 price target on Diamondback Energy and gave the company a “buy” rating in a report on Wednesday. Morgan Stanley set a $171.00 price target on Diamondback Energy and gave the company a “buy” rating in a report on Friday, October 12th. Finally, Capital One Financial reaffirmed an “overweight” rating on shares of Diamondback Energy in a report on Wednesday, August 8th. 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 company. The company has an average rating of “Buy” and an average price target of $156.45.

Shares of FANG opened at $113.85 on Friday. Diamondback Energy has a 1 year low of $105.66 and a 1 year high of $140.78. The company has a quick ratio of 0.52, a current ratio of 0.54 and a debt-to-equity ratio of 0.33. The company has a market capitalization 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 also recently declared a quarterly dividend, which will be paid on Monday, November 26th. Shareholders of record on Monday, November 19th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, November 16th. Diamondback Energy’s dividend payout ratio is 9.43%.

In other Diamondback Energy news, VP Russell Pantermuehl sold 2,000 shares of Diamondback Energy stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $127.80, for a total value of $255,600.00. Following the sale, the vice president now owns 89,532 shares of the company’s stock, valued at approximately $11,442,189.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.57% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bray Capital Advisors acquired a new stake in shares of Diamondback Energy in the 3rd quarter valued at about $116,000. First Hawaiian Bank acquired a new stake in shares of Diamondback Energy in the 3rd quarter valued at about $121,000. Captrust Financial Advisors increased its position in shares of Diamondback Energy by 99.8% in the second quarter. Captrust Financial Advisors now owns 995 shares of the oil and natural gas company’s stock valued at $131,000 after acquiring an additional 497 shares during the last quarter. Wedbush Securities Inc. acquired a new stake in shares of Diamondback Energy in the second quarter valued at about $201,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Diamondback Energy in the second quarter valued at about $204,000.

About Diamondback Energy

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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