Diamondback Energy (NASDAQ:FANG) – Equities research analysts at Jefferies Group dropped their Q2 2018 earnings per share (EPS) estimates for shares of Diamondback Energy in a research report issued on Wednesday, May 16th. Jefferies Group analyst M. Lear now expects that the oil and natural gas company will earn $1.24 per share for the quarter, down from their prior estimate of $1.58. Jefferies Group currently has a “Buy” rating and a $162.00 target price on the stock. Jefferies Group also issued estimates for Diamondback Energy’s Q3 2018 earnings at $1.33 EPS, Q4 2018 earnings at $1.41 EPS, FY2018 earnings at $5.62 EPS, Q1 2019 earnings at $1.52 EPS, Q2 2019 earnings at $1.76 EPS, Q3 2019 earnings at $2.17 EPS, Q4 2019 earnings at $2.83 EPS and FY2019 earnings at $8.28 EPS.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Tuesday, May 8th. The oil and natural gas company reported $1.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.05. Diamondback Energy had a net margin of 35.09% and a return on equity of 10.53%. The business had revenue of $480.20 million for the quarter, compared to analysts’ expectations of $445.78 million. During the same period in the prior year, the firm earned $1.04 earnings per share. Diamondback Energy’s revenue was up 104.1% compared to the same quarter last year.

Several other equities analysts have also weighed in on FANG. JPMorgan Chase increased their price objective on shares of Diamondback Energy from $155.00 to $156.00 and gave the company an “overweight” rating in a report on Tuesday, May 1st. Williams Capital restated a “hold” rating and issued a $134.00 price objective on shares of Diamondback Energy in a report on Wednesday, May 9th. ValuEngine upgraded shares of Diamondback Energy from a “hold” rating to a “buy” rating in a report on Tuesday, May 1st. Piper Jaffray restated a “buy” rating and issued a $143.00 price objective on shares of Diamondback Energy in a report on Wednesday, April 18th. Finally, Stifel Nicolaus set a $167.00 price objective on shares of Diamondback Energy and gave the company a “buy” rating in a report on Monday, April 23rd. Three analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Diamondback Energy has a consensus rating of “Buy” and an average target price of $142.04.

Shares of NASDAQ FANG opened at $136.26 on Friday. Diamondback Energy has a fifty-two week low of $128.00 and a fifty-two week high of $130.10. The company has a market capitalization of $13.03 billion, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 0.71 and a beta of 0.84. The company has a current ratio of 0.53, a quick ratio of 0.52 and a debt-to-equity ratio of 0.30.

A number of institutional investors and hedge funds have recently bought and sold shares of FANG. Viking Global Investors LP bought a new stake in shares of Diamondback Energy during the fourth quarter worth $78,139,000. Carillon Tower Advisers Inc. bought a new stake in shares of Diamondback Energy during the fourth quarter worth $72,286,000. Lord Abbett & CO. LLC increased its position in shares of Diamondback Energy by 223.0% during the first quarter. Lord Abbett & CO. LLC now owns 666,299 shares of the oil and natural gas company’s stock worth $84,300,000 after acquiring an additional 459,995 shares in the last quarter. Capital Growth Management LP bought a new stake in shares of Diamondback Energy during the first quarter worth $51,241,000. Finally, Franklin Resources Inc. increased its position in shares of Diamondback Energy by 76.1% during the fourth quarter. Franklin Resources Inc. now owns 765,062 shares of the oil and natural gas company’s stock worth $96,581,000 after acquiring an additional 330,652 shares in the last quarter.

In other Diamondback Energy news, CFO Teresa L. Dick sold 2,500 shares of the stock in a transaction on Monday, March 5th. The shares were sold at an average price of $130.97, for a total value of $327,425.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael L. Hollis sold 3,000 shares of the stock in a transaction on Monday, April 16th. The stock was sold at an average price of $118.80, for a total transaction of $356,400.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,620 shares of company stock worth $1,567,773. Company insiders own 0.41% of the company’s stock.

The company also recently announced a special dividend, which will be paid on Tuesday, May 29th. Shareholders of record on Monday, May 21st will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, May 18th.

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.

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

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