Diamondback Energy (FANG) to Release Quarterly Earnings on Tuesday

Diamondback Energy (NASDAQ:FANG) is set to issue its quarterly earnings data after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of $1.99 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Diamondback Energy (NASDAQ:FANG) last issued its earnings results on Tuesday, May 7th. The oil and natural gas company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.36 by $0.03. Diamondback Energy had a return on equity of 6.81% and a net margin of 27.05%. The business had revenue of $864.00 million during the quarter, compared to the consensus estimate of $893.16 million. During the same quarter last year, the company earned $1.64 EPS. The firm’s revenue was up 80.4% compared to the same quarter last year. On average, analysts expect Diamondback Energy to post $7 EPS for the current fiscal year and $11 EPS for the next fiscal year.

NASDAQ:FANG opened at $97.49 on Monday. The firm has a 50-day simple moving average of $105.24. Diamondback Energy has a twelve month low of $85.19 and a twelve month high of $140.78. The stock has a market cap of $16.04 billion, a PE ratio of 16.61, a P/E/G ratio of 0.64 and a beta of 0.82. The company has a current ratio of 0.62, a quick ratio of 0.59 and a debt-to-equity ratio of 0.32.

FANG has been the topic of several recent analyst reports. Morgan Stanley lowered their price target on Diamondback Energy from $151.00 to $143.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. TD Securities raised their price target on Diamondback Energy from $155.00 to $160.00 and gave the company an “action list buy” rating in a report on Thursday, June 20th. Williams Capital reaffirmed a “buy” rating and issued a $165.00 price target on shares of Diamondback Energy in a report on Tuesday, July 30th. Roth Capital lowered their price target on Diamondback Energy from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Finally, Raymond James raised Diamondback Energy from an “outperform” rating to a “strong-buy” rating in a report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty-six have given a buy rating and three have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $158.71.

In other Diamondback Energy news, VP Russell Pantermuehl sold 5,000 shares of Diamondback Energy stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $107.28, for a total value of $536,400.00. Following the transaction, the vice president now directly owns 112,107 shares of the company’s stock, valued at approximately $12,026,838.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Hof Matthew Kaes Van’t sold 1,500 shares of Diamondback Energy stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $107.47, for a total value of $161,205.00. Following the completion of the transaction, the chief financial officer now directly owns 27,465 shares in the company, valued at $2,951,663.55. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,500 shares of company stock worth $1,258,505. 0.47% of the stock is currently owned by insiders.

Diamondback Energy Company Profile

Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.

Featured Story: Why are gap-down stocks important?

Earnings History 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.