Diamondback Energy Inc (NASDAQ:FANG) – US Capital Advisors upped their Q2 2019 earnings per share (EPS) estimates for shares of Diamondback Energy in a report released on Monday, April 22nd. US Capital Advisors analyst C. Horwitz now anticipates that the oil and natural gas company will post earnings per share of $3.18 for the quarter, up from their previous forecast of $3.01. US Capital Advisors also issued estimates for Diamondback Energy’s Q3 2019 earnings at $3.42 EPS, Q4 2019 earnings at $3.57 EPS, FY2019 earnings at $12.31 EPS, Q1 2020 earnings at $4.90 EPS, Q3 2020 earnings at $5.19 EPS, Q4 2020 earnings at $5.37 EPS and Q1 2021 earnings at $5.73 EPS.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings data on Tuesday, February 19th. The oil and natural gas company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.41). Diamondback Energy had a net margin of 38.84% and a return on equity of 7.83%. The business had revenue of $633.06 million during the quarter, compared to analyst estimates of $663.21 million.

Other research analysts have also recently issued reports about the company. BidaskClub upgraded Diamondback Energy from a “hold” rating to a “buy” rating in a report on Friday, January 11th. Morgan Stanley set a $147.00 price objective on Diamondback Energy and gave the company a “buy” rating in a report on Tuesday, January 29th. Mizuho started coverage on Diamondback Energy in a report on Tuesday, January 29th. They issued a “buy” rating and a $137.00 price objective on the stock. Oppenheimer set a $158.00 price objective on Diamondback Energy and gave the company a “buy” rating in a report on Wednesday, January 2nd. Finally, Goldman Sachs Group reissued a “buy” rating on shares of Diamondback Energy in a research report on Friday, December 28th. Three equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $159.64.

FANG opened at $111.20 on Tuesday. Diamondback Energy has a one year low of $85.19 and a one year high of $140.78. The company has a market capitalization of $17.89 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 0.68 and a beta of 0.80. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.87 and a current ratio of 0.91.

In related news, insider Michael L. Hollis acquired 5,313 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were acquired at an average price of $95.12 per share, with a total value of $505,372.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Randall J. Holder sold 4,000 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $104.13, for a total value of $416,520.00. Following the sale, the insider now directly owns 14,448 shares in the company, valued at approximately $1,504,470.24. The disclosure for this sale can be found here. In the last three months, insiders sold 6,050 shares of company stock worth $626,158. 0.57% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Conning Inc. purchased a new stake in shares of Diamondback Energy during the first quarter worth $211,000. First National Bank of Hutchinson acquired a new stake in shares of Diamondback Energy in the 1st quarter worth approximately $202,000. Chicago Partners Investment Group LLC lifted its stake in shares of Diamondback Energy by 8.8% in the 1st quarter. Chicago Partners Investment Group LLC now owns 3,178 shares of the oil and natural gas company’s stock worth $341,000 after acquiring an additional 256 shares during the period. Winslow Evans & Crocker Inc. lifted its stake in shares of Diamondback Energy by 480.3% in the 1st quarter. Winslow Evans & Crocker Inc. now owns 4,666 shares of the oil and natural gas company’s stock worth $476,000 after acquiring an additional 3,862 shares during the period. Finally, Strs Ohio lifted its stake in shares of Diamondback Energy by 0.4% in the 1st quarter. Strs Ohio now owns 211,987 shares of the oil and natural gas company’s stock worth $21,523,000 after acquiring an additional 903 shares during the period.

About Diamondback Energy

Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.

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

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