Brokerages expect Diamondback Energy Inc (NASDAQ:FANG) to announce earnings per share of $1.80 for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have provided estimates for Diamondback Energy’s earnings. The highest EPS estimate is $3.00 and the lowest is $1.32. Diamondback Energy reported earnings of $1.56 per share in the same quarter last year, which would suggest a positive year over year growth rate of 15.4%. The firm is scheduled to report its next quarterly earnings results on Tuesday, February 12th.
On average, analysts expect that Diamondback Energy will report full year earnings of $6.71 per share for the current year, with EPS estimates ranging from $6.10 to $7.93. For the next financial year, analysts anticipate that the business will post earnings of $10.41 per share, with EPS estimates ranging from $6.56 to $16.19. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that cover Diamondback Energy.
Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings data on Tuesday, November 6th. The oil and natural gas company reported $1.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.15. The firm had revenue of $538.03 million for the quarter, compared to analysts’ expectations of $518.32 million. Diamondback Energy had a net margin of 33.63% and a return on equity of 10.75%. The company’s quarterly revenue was up 78.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.33 earnings per share.
Several analysts have weighed in on FANG shares. Imperial Capital upped their price objective on shares of Diamondback Energy from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, August 10th. SunTrust Banks reaffirmed a “buy” rating and set a $170.00 price objective on shares of Diamondback Energy in a research note on Friday, August 10th. TD Securities set a $175.00 price objective on shares of Diamondback Energy and gave the stock a “buy” rating in a research note on Saturday, August 11th. Raymond James reaffirmed a “buy” rating and set a $166.00 price objective on shares of Diamondback Energy in a research note on Monday, August 13th. Finally, BMO Capital Markets cut shares of Diamondback Energy from an “outperform” rating to a “market perform” rating and set a $150.00 price objective on the stock. in a research note on Wednesday, August 15th. Five equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $160.27.
In other news, VP Russell Pantermuehl sold 2,000 shares of the stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $127.80, for a total transaction of $255,600.00. Following the sale, the vice president now directly owns 89,532 shares of the company’s stock, valued at $11,442,189.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.57% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in FANG. Captrust Financial Advisors boosted its stake in 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. LPL Financial LLC boosted its stake in Diamondback Energy by 4.2% in the third quarter. LPL Financial LLC now owns 12,490 shares of the oil and natural gas company’s stock valued at $1,689,000 after acquiring an additional 506 shares during the last quarter. CWM LLC boosted its stake in Diamondback Energy by 5.8% in the third quarter. CWM LLC now owns 9,443 shares of the oil and natural gas company’s stock valued at $1,277,000 after acquiring an additional 520 shares during the last quarter. Capital Analysts LLC boosted its stake in Diamondback Energy by 5.9% in the third quarter. Capital Analysts LLC now owns 10,307 shares of the oil and natural gas company’s stock valued at $1,394,000 after acquiring an additional 574 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Diamondback Energy by 93.5% in the third quarter. Tower Research Capital LLC TRC now owns 1,217 shares of the oil and natural gas company’s stock valued at $165,000 after acquiring an additional 588 shares during the last quarter.
Shares of Diamondback Energy stock opened at $102.70 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 1.08 and a debt-to-equity ratio of 0.36. The stock has a market cap of $10.31 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 0.58 and a beta of 0.72. Diamondback Energy has a 1-year low of $96.95 and a 1-year high of $140.78.
The business also recently declared a quarterly dividend, which was paid on Monday, November 26th. Stockholders of record on Monday, November 19th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, November 16th. This represents a $0.50 annualized dividend and a dividend yield of 0.49%. Diamondback Energy’s dividend payout ratio (DPR) is currently 9.43%.
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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