Equities analysts forecast that Diamondback Energy, Inc. (NASDAQ:FANG – Get Rating) will announce sales of $2.38 billion for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Diamondback Energy’s earnings. The highest sales estimate is $2.66 billion and the lowest is $2.18 billion. Diamondback Energy reported sales of $1.68 billion during the same quarter last year, which indicates a positive year over year growth rate of 41.7%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Diamondback Energy will report full-year sales of $9.47 billion for the current financial year, with estimates ranging from $8.68 billion to $10.68 billion. For the next fiscal year, analysts anticipate that the business will post sales of $9.06 billion, with estimates ranging from $8.32 billion to $10.82 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Diamondback Energy.
Diamondback Energy (NASDAQ:FANG – Get Rating) last announced its quarterly earnings data on Monday, May 2nd. The oil and natural gas company reported $5.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.76 by $0.44. Diamondback Energy had a net margin of 34.17% and a return on equity of 19.91%. During the same quarter in the prior year, the business earned $2.30 EPS.
FANG opened at $146.43 on Friday. The company’s 50 day moving average is $135.61 and its 200-day moving average is $125.31. Diamondback Energy has a 1-year low of $65.93 and a 1-year high of $147.99. The company has a current ratio of 0.72, a quick ratio of 0.69 and a debt-to-equity ratio of 0.42. The company has a market cap of $25.99 billion, a P/E ratio of 9.65, a PEG ratio of 0.24 and a beta of 2.20.
The company also recently announced a quarterly dividend, which was paid on Monday, May 23rd. Shareholders of record on Thursday, May 12th were paid a $0.70 dividend. The ex-dividend date was Wednesday, May 11th. This represents a $2.80 annualized dividend and a yield of 1.91%. This is a positive change from Diamondback Energy’s previous quarterly dividend of $0.60. Diamondback Energy’s dividend payout ratio is currently 18.46%.
In other news, Director Michael P. Cross sold 4,000 shares of the stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $139.00, for a total transaction of $556,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas F. Hawkins sold 8,000 shares of the stock in a transaction that occurred on Wednesday, March 2nd. The shares were sold at an average price of $137.68, for a total value of $1,101,440.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,000 shares of company stock valued at $3,319,960. 0.47% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in the stock. Wetherby Asset Management Inc. raised its holdings in shares of Diamondback Energy by 1.4% during the fourth quarter. Wetherby Asset Management Inc. now owns 5,774 shares of the oil and natural gas company’s stock valued at $622,000 after acquiring an additional 77 shares in the last quarter. Heartland Bank & Trust Co raised its holdings in shares of Diamondback Energy by 1.9% during the fourth quarter. Heartland Bank & Trust Co now owns 4,131 shares of the oil and natural gas company’s stock valued at $446,000 after acquiring an additional 78 shares in the last quarter. Mackay Shields LLC raised its holdings in shares of Diamondback Energy by 0.3% during the fourth quarter. Mackay Shields LLC now owns 25,609 shares of the oil and natural gas company’s stock valued at $2,762,000 after acquiring an additional 78 shares in the last quarter. Toth Financial Advisory Corp raised its holdings in shares of Diamondback Energy by 0.6% during the fourth quarter. Toth Financial Advisory Corp now owns 14,455 shares of the oil and natural gas company’s stock valued at $1,559,000 after acquiring an additional 80 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its holdings in shares of Diamondback Energy by 2.3% during the first quarter. Wealthcare Advisory Partners LLC now owns 3,697 shares of the oil and natural gas company’s stock valued at $507,000 after acquiring an additional 83 shares in the last quarter. Institutional investors own 89.97% of the company’s stock.
Diamondback Energy Company Profile (Get Rating)
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 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.
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