Diamondback Energy Inc (NASDAQ:FANG) – Research analysts at Capital One Financial lowered their FY2018 EPS estimates for shares of Diamondback Energy in a research report issued to clients and investors on Tuesday, September 11th. Capital One Financial analyst R. Tullis now expects that the oil and natural gas company will earn $6.99 per share for the year, down from their previous estimate of $7.29. Capital One Financial has a “Overweight” rating on the stock. Capital One Financial also issued estimates for Diamondback Energy’s FY2019 earnings at $9.83 EPS.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Wednesday, August 8th. The oil and natural gas company reported $1.59 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.05). Diamondback Energy had a net margin of 33.37% and a return on equity of 10.56%. The company had revenue of $526.30 million during the quarter, compared to analyst estimates of $479.57 million. During the same period in the previous year, the company posted $1.25 EPS. The company’s quarterly revenue was up 95.4% compared to the same quarter last year.

Several other equities analysts have also weighed in on the company. KLR Group reissued a “buy” rating and issued a $211.00 target price on shares of Diamondback Energy in a research note on Monday, August 20th. Williams Capital raised Diamondback Energy from a “hold” rating to a “buy” rating and increased their target price for the company from $165.00 to $167.00 in a research note on Monday, August 20th. BMO Capital Markets reissued a “hold” rating and issued a $135.00 target price on shares of Diamondback Energy in a research note on Friday, August 17th. SunTrust Banks set a $175.00 target price on Diamondback Energy and gave the company a “buy” rating in a research note on Thursday, August 16th. Finally, Morgan Stanley cut their target price on Diamondback Energy from $176.00 to $164.00 and set an “overweight” rating on the stock in a research note on Thursday, August 16th. Five investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Diamondback Energy currently has a consensus rating of “Buy” and a consensus target price of $154.18.

NASDAQ:FANG opened at $118.81 on Wednesday. Diamondback Energy has a 1-year low of $93.16 and a 1-year high of $138.25. The company has a current ratio of 0.54, a quick ratio of 0.52 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $11.48 billion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 0.73 and a beta of 0.62.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 27th. Stockholders of record on Monday, August 20th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Friday, August 17th. Diamondback Energy’s dividend payout ratio is currently 9.43%.

In other news, VP Hof Matthew Kaes Van’t sold 832 shares of the firm’s stock in a transaction dated Wednesday, June 20th. The stock was sold at an average price of $128.46, for a total transaction of $106,878.72. Following the sale, the vice president now owns 6,897 shares of the company’s stock, valued at $885,988.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael L. Hollis sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 16th. The stock was sold at an average price of $128.85, for a total value of $644,250.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,972 shares of company stock worth $768,014. 0.57% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the stock. Capital Investment Advisory Services LLC grew its holdings in shares of Diamondback Energy by 23.2% during the second quarter. Capital Investment Advisory Services LLC now owns 3,590 shares of the oil and natural gas company’s stock worth $472,000 after buying an additional 675 shares in the last quarter. KBC Group NV grew its holdings in shares of Diamondback Energy by 68.7% during the second quarter. KBC Group NV now owns 11,422 shares of the oil and natural gas company’s stock worth $1,503,000 after buying an additional 4,652 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of Diamondback Energy by 41.7% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,534 shares of the oil and natural gas company’s stock worth $1,912,000 after buying an additional 4,279 shares in the last quarter. Fisher Asset Management LLC bought a new position in shares of Diamondback Energy during the first quarter worth about $5,454,000. Finally, Mitsubishi UFJ Asset Management UK Ltd. grew its holdings in shares of Diamondback Energy by 51.6% during the second quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 23,500 shares of the oil and natural gas company’s stock worth $3,091,000 after buying an additional 8,000 shares in the last quarter.

About Diamondback Energy

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

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