Diamondback Energy Inc (NASDAQ:FANG) – Stock analysts at US Capital Advisors lowered their Q2 2020 earnings per share estimates for shares of Diamondback Energy in a report released on Wednesday, March 27th. US Capital Advisors analyst C. Horwitz now anticipates that the oil and natural gas company will earn $4.93 per share for the quarter, down from their previous forecast of $4.94. US Capital Advisors also issued estimates for Diamondback Energy’s Q4 2020 earnings at $5.47 EPS and FY2020 earnings at $20.32 EPS.

Diamondback Energy (NASDAQ:FANG) last posted 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). The company had revenue of $633.06 million for the quarter, compared to analysts’ expectations of $663.21 million. Diamondback Energy had a return on equity of 7.83% and a net margin of 38.84%.

A number of other analysts have also recently commented on the company. Morgan Stanley lifted their price objective on Diamondback Energy from $147.00 to $154.00 and gave the stock an “overweight” rating in a research report on Thursday, February 21st. Barclays started coverage on Diamondback Energy in a research report on Wednesday, January 16th. They set an “overweight” rating and a $189.00 price objective for the company. ValuEngine upgraded Diamondback Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 5th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $148.00 price objective on shares of Diamondback Energy in a research report on Monday, March 11th. Finally, Oppenheimer set a $158.00 price objective on Diamondback Energy and gave the stock a “buy” rating in a research report on Wednesday, January 2nd. Three research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $159.41.

Diamondback Energy stock opened at $102.54 on Thursday. The stock has a market cap of $16.73 billion, a P/E ratio of 17.47, a P/E/G ratio of 0.65 and a beta of 0.80. Diamondback Energy has a 52 week low of $85.19 and a 52 week high of $140.78. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.91 and a quick ratio of 0.87.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 28th. Shareholders of record on Thursday, February 21st were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Wednesday, February 20th. Diamondback Energy’s dividend payout ratio (DPR) is 8.52%.

In other Diamondback Energy news, insider Randall J. Holder sold 4,000 shares of Diamondback Energy stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $104.13, for a total value of $416,520.00. Following the completion of the sale, the insider now owns 14,448 shares in the company, valued at approximately $1,504,470.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael L. Hollis purchased 5,313 shares of the stock in a transaction on Friday, March 8th. The stock was acquired at an average price of $95.12 per share, with a total value of $505,372.56. The disclosure for this purchase can be found here. Insiders sold a total of 6,050 shares of company stock valued at $626,158 in the last 90 days. 0.57% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of FANG. BlackRock Inc. grew its holdings in shares of Diamondback Energy by 103.8% during the 4th quarter. BlackRock Inc. now owns 10,172,829 shares of the oil and natural gas company’s stock worth $943,023,000 after purchasing an additional 5,181,063 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in shares of Diamondback Energy by 28,126.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,981,881 shares of the oil and natural gas company’s stock worth $32,000 after purchasing an additional 2,971,317 shares during the period. Boston Partners grew its holdings in shares of Diamondback Energy by 135.9% during the 4th quarter. Boston Partners now owns 3,424,654 shares of the oil and natural gas company’s stock worth $317,465,000 after purchasing an additional 1,973,018 shares during the period. Norges Bank purchased a new stake in shares of Diamondback Energy during the 4th quarter worth about $141,883,000. Finally, Capital International Investors purchased a new stake in shares of Diamondback Energy during the 3rd quarter worth about $155,469,000.

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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