Diamondback Energy Inc (NASDAQ:FANG) – Jefferies Group decreased their Q1 2018 EPS estimates for shares of Diamondback Energy in a research note issued to investors on Thursday, according to Zacks Investment Research. Jefferies Group analyst M. Lear now forecasts that the oil and natural gas company will earn $1.51 per share for the quarter, down from their previous 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 posted its quarterly earnings data on Tuesday, February 13th. The oil and natural gas company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.16. Diamondback Energy had a return on equity of 9.63% and a net margin of 40.02%. The business had revenue of $399.19 million during the quarter, compared to analyst estimates of $370.74 million.
Shares of Diamondback Energy (NASDAQ:FANG) traded down $1.34 during mid-day trading on Monday, hitting $125.81. The company had a trading volume of 1,040,000 shares, compared to its average volume of 1,370,000. Diamondback Energy has a 52-week low of $82.77 and a 52-week high of $134.52. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.61. The company has a market cap of $12,350.00, a price-to-earnings ratio of 25.42, a P/E/G ratio of 0.72 and a beta of 0.91.
Hedge funds have recently made changes to their positions in the stock. Viking Fund Management LLC grew its stake in Diamondback Energy by 6.3% during the 3rd quarter. Viking Fund Management LLC now owns 220,000 shares of the oil and natural gas company’s stock worth $21,551,000 after buying an additional 13,000 shares during the last quarter. IBM Retirement Fund purchased a new position in Diamondback Energy during the 3rd quarter worth $960,000. Sterling Capital Management LLC grew its stake in Diamondback Energy by 21.0% during the 3rd quarter. Sterling Capital Management LLC now owns 37,872 shares of the oil and natural gas company’s stock worth $3,710,000 after buying an additional 6,575 shares during the last quarter. Gluskin Sheff & Assoc Inc. lifted its position in Diamondback Energy by 221.5% during the 3rd quarter. Gluskin Sheff & Assoc Inc. now owns 13,150 shares of the oil and natural gas company’s stock worth $1,288,000 after acquiring an additional 9,060 shares during the period. Finally, Strategic Global Advisors LLC acquired a new stake in Diamondback Energy during the 3rd quarter worth about $573,000.
In related news, CEO Travis D. Stice sold 35,000 shares of the business’s stock in a transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Teresa L. Dick sold 10,000 shares of the business’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $115.84, for a total value of $1,158,400.00. Following the transaction, the chief financial officer now owns 25,760 shares in the company, valued at $2,984,038.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 192,431 shares of company stock worth $24,001,312. 0.41% of the stock is owned by company insiders.
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.
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