Diamondback Energy Inc (FANG) to Post Q1 2018 Earnings of $1.51 Per Share, Jefferies Group Forecasts

Diamondback Energy Inc (NASDAQ:FANG) – Analysts at Jefferies Group lowered their Q1 2018 EPS estimates for Diamondback Energy in a note issued to investors on Thursday. Jefferies Group analyst M. Lear now anticipates that the oil and natural gas company will post earnings per share of $1.51 for the quarter, down from their prior estimate of $1.67. Jefferies Group also issued estimates for Diamondback Energy’s Q2 2018 earnings at $1.77 EPS, Q3 2018 earnings at $2.06 EPS, Q4 2018 earnings at $2.12 EPS, FY2018 earnings at $7.47 EPS, Q1 2019 earnings at $2.39 EPS, Q2 2019 earnings at $2.58 EPS, Q3 2019 earnings at $2.78 EPS, Q4 2019 earnings at $2.93 EPS and FY2019 earnings at $10.68 EPS.

Several other research analysts have also commented on the stock. Stephens restated a “buy” rating and issued a $159.00 price target on shares of Diamondback Energy in a report on Friday. SunTrust Banks set a $165.00 price target on shares of Diamondback Energy and gave the company a “buy” rating in a report on Wednesday, February 14th. Northland Securities set a $140.00 price target on shares of Diamondback Energy and gave the company a “buy” rating in a report on Wednesday, February 14th. Williams Capital set a $137.00 price target on shares of Diamondback Energy and gave the company a “hold” rating in a report on Wednesday, February 14th. Finally, BidaskClub lowered shares of Diamondback Energy from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $137.60.

Diamondback Energy (NASDAQ:FANG) opened at $123.88 on Monday. Diamondback Energy has a 1-year low of $82.77 and a 1-year high of $134.52. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.46 and a quick ratio of 0.45. The company has a market cap of $12,160.00, a P/E ratio of 25.03, a P/E/G ratio of 0.68 and a beta of 0.91.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings results on Tuesday, February 13th. The oil and natural gas company reported $1.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.16. Diamondback Energy had a net margin of 40.02% and a return on equity of 9.74%. The firm had revenue of $399.19 million for the quarter, compared to analyst estimates of $370.74 million.

Hedge funds have recently added to or reduced their stakes in the company. Captrust Financial Advisors acquired a new stake in shares of Diamondback Energy during the fourth quarter worth approximately $149,000. IFP Advisors Inc grew its position in shares of Diamondback Energy by 42.6% during the fourth quarter. IFP Advisors Inc now owns 1,302 shares of the oil and natural gas company’s stock worth $164,000 after buying an additional 389 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Diamondback Energy by 476.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,412 shares of the oil and natural gas company’s stock worth $178,000 after buying an additional 1,167 shares in the last quarter. KCS Wealth Advisory acquired a new stake in shares of Diamondback Energy during the fourth quarter worth approximately $202,000. Finally, Dearborn Partners LLC acquired a new stake in shares of Diamondback Energy during the fourth quarter worth approximately $208,000.

In other news, CFO Teresa L. Dick sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $115.84, for a total transaction of $1,158,400.00. Following the completion of the sale, the chief financial officer now owns 25,760 shares of the company’s stock, valued at $2,984,038.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Travis D. Stice sold 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $125.00, for a total transaction of $4,375,000.00. The disclosure for this sale can be found here. Insiders have sold 68,400 shares of company stock valued at $8,337,200 in the last three months. Corporate insiders own 0.41% of the company’s stock.

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Diamondback Energy Company Profile

Diamondback Energy, Inc is an independent oil and natural gas company. The Company focuses on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. As of December 31, 2016, the Company’s total net acreage position in the Permian Basin was approximately 105,894 net acres.

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

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Diamondback Energy Inc (FANG) to Post Q1 2018 Earnings of $1.51 Per Share, Jefferies Group Forecasts

Diamondback Energy Inc (NASDAQ:FANG) – Research analysts at Jefferies Group decreased their Q1 2018 EPS estimates for shares of Diamondback Energy in a research note issued on Thursday. Jefferies Group analyst M. Lear now expects that the oil and natural gas company will post earnings of $1.51 per share for the quarter, down from their prior estimate of $1.67. Jefferies Group also issued estimates for Diamondback Energy’s Q2 2018 earnings at $1.77 EPS, Q3 2018 earnings at $2.06 EPS, Q4 2018 earnings at $2.12 EPS, FY2018 earnings at $7.47 EPS, Q1 2019 earnings at $2.39 EPS, Q2 2019 earnings at $2.58 EPS, Q3 2019 earnings at $2.78 EPS, Q4 2019 earnings at $2.93 EPS and FY2019 earnings at $10.68 EPS.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Tuesday, February 13th. The oil and natural gas company reported $1.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.16. The business had revenue of $399.19 million for the quarter, compared to analyst estimates of $370.74 million. Diamondback Energy had a net margin of 40.02% and a return on equity of 9.74%.

Several other research analysts have also weighed in on the stock. Barclays reiterated a “buy” rating and set a $138.00 price objective on shares of Diamondback Energy in a report on Sunday, December 24th. Piper Jaffray Companies reiterated a “buy” rating and set a $138.00 price objective on shares of Diamondback Energy in a report on Tuesday, January 9th. KeyCorp reiterated an “overweight” rating and set a $125.00 price objective (up from $117.00) on shares of Diamondback Energy in a report on Tuesday, November 7th. BidaskClub upgraded shares of Diamondback Energy from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. Finally, Credit Suisse Group assumed coverage on shares of Diamondback Energy in a report on Monday, December 11th. They set an “outperform” rating and a $123.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $137.60.

Diamondback Energy (NASDAQ:FANG) opened at $123.88 on Monday. The firm has a market cap of $12,160.00, a PE ratio of 25.03, a PEG ratio of 0.68 and a beta of 0.91. Diamondback Energy has a 1-year low of $82.77 and a 1-year high of $134.52. The company has a current ratio of 0.46, a quick ratio of 0.45 and a debt-to-equity ratio of 0.22.

Large investors have recently modified their holdings of the business. Captrust Financial Advisors acquired a new stake in Diamondback Energy in the fourth quarter valued at approximately $149,000. IFP Advisors Inc grew its position in Diamondback Energy by 42.6% in the fourth quarter. IFP Advisors Inc now owns 1,302 shares of the oil and natural gas company’s stock valued at $164,000 after acquiring an additional 389 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in Diamondback Energy by 476.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,412 shares of the oil and natural gas company’s stock valued at $178,000 after acquiring an additional 1,167 shares in the last quarter. KCS Wealth Advisory acquired a new stake in Diamondback Energy in the fourth quarter valued at approximately $202,000. Finally, Dearborn Partners LLC acquired a new stake in Diamondback Energy in the fourth quarter valued at approximately $208,000.

In other Diamondback Energy news, VP Russell Pantermuehl sold 2,000 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $111.45, for a total value of $222,900.00. Following the completion of the sale, the vice president now owns 63,314 shares of the company’s stock, valued at $7,056,345.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Teresa L. Dick sold 1,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $112.13, for a total transaction of $112,130.00. Following the completion of the sale, the chief financial officer now directly owns 30,760 shares of the company’s stock, valued at approximately $3,449,118.80. The disclosure for this sale can be found here. Insiders sold 68,400 shares of company stock valued at $8,337,200 in the last ninety days. 0.41% of the stock is owned by corporate insiders.

WARNING: This article was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another site, it was illegally copied and reposted in violation of US and international copyright legislation. The correct version of this article can be read at https://ledgergazette.com/2018/02/19/diamondback-energy-inc-fang-to-post-q1-2018-earnings-of-1-51-per-share-jefferies-group-forecasts.html.

Diamondback Energy Company Profile

Diamondback Energy, Inc is an independent oil and natural gas company. The Company focuses on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. As of December 31, 2016, the Company’s total net acreage position in the Permian Basin was approximately 105,894 net acres.

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

Receive News & Ratings for Diamondback Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diamondback Energy and related companies with MarketBeat.com's FREE daily email newsletter.

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