Diamondback Energy Inc (NASDAQ:FANG) – Stock analysts at B. Riley lowered their Q3 2018 earnings estimates for Diamondback Energy in a research report issued on Monday, June 11th. B. Riley analyst R. Rashid now forecasts that the oil and natural gas company will post earnings per share of $1.50 for the quarter, down from their previous forecast of $1.55. B. Riley also issued estimates for Diamondback Energy’s Q1 2019 earnings at $1.88 EPS, Q2 2019 earnings at $2.14 EPS, Q3 2019 earnings at $2.26 EPS, FY2019 earnings at $9.23 EPS, Q1 2020 earnings at $3.15 EPS and FY2020 earnings at $14.61 EPS.
Diamondback Energy (NASDAQ:FANG) last issued its earnings results on Tuesday, May 8th. The oil and natural gas company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.59 by $0.05. Diamondback Energy had a net margin of 35.09% and a return on equity of 10.53%. The company had revenue of $480.20 million for the quarter, compared to analyst estimates of $445.78 million. During the same period in the previous year, the firm earned $1.04 EPS. The business’s revenue was up 104.1% on a year-over-year basis.
Diamondback Energy opened at $118.88 on Wednesday, Marketbeat Ratings reports. Diamondback Energy has a 52 week low of $82.77 and a 52 week high of $138.14. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.52 and a current ratio of 0.53. The stock has a market capitalization of $11.22 billion, a P/E ratio of 22.43, a price-to-earnings-growth ratio of 0.62 and a beta of 0.74.
The company also recently announced a special dividend, which was paid on Tuesday, May 29th. Investors of record on Monday, May 21st were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, May 18th. Diamondback Energy’s payout ratio is 9.43%.
In related news, CFO Teresa L. Dick sold 2,500 shares of the business’s stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $136.98, for a total value of $342,450.00. Following the completion of the transaction, the chief financial officer now owns 26,647 shares of the company’s stock, valued at approximately $3,650,106.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael L. Hollis sold 3,000 shares of the business’s stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $118.80, for a total transaction of $356,400.00. The disclosure for this sale can be found here. Insiders sold a total of 7,500 shares of company stock valued at $972,850 in the last three months. 0.57% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Next Century Growth Investors LLC acquired a new position in shares of Diamondback Energy during the 1st quarter valued at about $121,000. ClariVest Asset Management LLC increased its stake in shares of Diamondback Energy by 14,557.1% during the 1st quarter. ClariVest Asset Management LLC now owns 1,026 shares of the oil and natural gas company’s stock valued at $130,000 after acquiring an additional 1,019 shares during the last quarter. Signaturefd LLC acquired a new position in shares of Diamondback Energy during the 1st quarter valued at about $132,000. Zions Bancorporation acquired a new position in shares of Diamondback Energy during the 1st quarter valued at about $136,000. Finally, Captrust Financial Advisors acquired a new position in shares of Diamondback Energy during the 4th quarter valued at about $149,000.
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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