Diamondback Energy Company Profile (NASDAQ:FANG)

Diamondback Energy trades on the NASDAQ under the ticker symbol "FANG."

Diamondback Energy Inc (NASDAQ:FANG) posted its quarterly earnings data on Tuesday, May, 2nd. The company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.43. The company earned $235.23 million during the quarter, compared to analysts' expectations of $218.62 million. Diamondback Energy had a return on equity of 13.09% and a net margin of 59.97%. View Diamondback Energy's Earnings History.

Diamondback Energy is scheduled to release their next quarterly earnings announcement on Tuesday, August, 1st 2017. View Earnings Estimates for Diamondback Energy.

26 brokers have issued 1 year price targets for Diamondback Energy's shares. Their predictions range from $17.00 to $151.00. On average, they anticipate Diamondback Energy's stock price to reach $115.96 in the next year. View Analyst Ratings for Diamondback Energy.

Here are some recent quotes from research analysts about Diamondback Energy stock:

• 1. According to Zacks Investment Research, "Diamondback Energy, Inc. is an oil and natural gas company focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. The Company's activities are primarily focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn and Atoka formations. Diamondback Energy, Inc. is headquartered in Midland, Texas. " (7/17/2017)
• 2. Canaccord Genuity analysts commented, "FANG's boost to guidance signals to us that some recent fears over service sector tightness, infrastructure or execution risk in the Delaware could be overdone. Given management's typically conservative stance towards guidance, we do not believe they would have raised expectations for production unless they believe those aforementioned risks are low. The activity ramp out in the Delaware (three rigs in 2017) should materialize as we have anticipated. With the type of production and debt-adjusted cash flow growth we expect from FANG, we maintain our bullish stance." (2/16/2017)
• 3. Mizuho analysts commented, "We believe FANG shares have room to slither higher, and reiterate our Buy rating and $124 PT. The inimitable low cost structure Diamondback has, due to its mineral rights ownership via Viper Energy Partners, continues to separate the company from its growth Permian peers. We increase our EBITDA estimates by 5% in '17/'18, reflecting more efficient growth than previously forecasted. The company's maturation to exploitation from acquisition appears imminent, following this month's closing of the Brigham Resources acquisition. Transition from acquisition to exploitation should appeal to investors. Management was as candid as they have ever been on the earnings call about not needing more inventory in the near-term future and pivoting toward "resource execution", versus "resource capture"." (2/16/2017)

Some companies that are related to Diamondback Energy include Devon Energy Corporation (DVN), Noble Energy (NBL), Continental Resources (CLR), Cabot Oil & Gas Corporation (COG), EQT Corporation (EQT), Marathon Oil Corporation (MRO), Encana Corporation (ECA), Cimarex Energy Co (XEC), EQT GP Holdings, LP (EQGP), Parsley Energy (PE), Antero Resources Corporation (AR), Rice Energy (RICE), Range Resources Corporation (RRC), Newfield Exploration Company (NFX), RSP Permian (RSPP), Energen (EGN), Murphy Oil Corporation (MUR) and Chesapeake Energy Corporation (CHK).

Diamondback Energy's management team includes the folowing people:

• Steven E. West, Chairman of the Board
• Michael L. Hollis, President, Chief Operating Officer
• Travis D. Stice, Chief Executive Officer, Director
• Teresa L. Dick, Chief Financial Officer, Executive Vice President, Assistant Secretary
• Randall J. Holder, Executive Vice President, General Counsel, Secretary
• Paul S. Molnar, Executive Vice President - Exploration and Business Development
• Russell D. Pantermuehl, Executive Vice President - Reservoir Engineering
• Thomas F. Hawkins, Senior Vice President—Land
• Kaes Van't Hof, Senior Vice President—Strategy and Corporate Development
• David L. Houston, Lead Independent Director

Diamondback Energy's stock is owned by a number of of institutional and retail investors. Top institutional investors include Viking Fund Management LLC (0.21%), AMI Asset Management Corp (0.16%), Peregrine Capital Management LLC (0.15%), Adams Natural Resources Fund Inc. (0.08%), Bank of Montreal Can (0.07%) and CENTRAL TRUST Co (0.04%). Company insiders that own Diamondback Energy stock include Elizabeth Moses, Jeffrey L White, Mark Lawrence Plaumann, Michael L Hollis, Paul Molnar, Randall J Holder, Russell Pantermuehl, Steven E West, Teresa L Dick, Travis D Stice and Wexford Capital Lp. View Institutional Ownership Trends for Diamondback Energy.

Diamondback Energy's stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Creative Planning, AMI Asset Management Corp, US Bancorp DE, First National Bank of Omaha, State of Alaska Department of Revenue, Peregrine Capital Management LLC and KAMES CAPITAL plc. Company insiders that have sold Diamondback Energy stock in the last year include Elizabeth Moses, Mark Lawrence Plaumann, Michael L Hollis, Russell Pantermuehl, Teresa L Dick and Travis D Stice. View Insider Buying and Selling for Diamondback Energy.

Diamondback Energy's stock was purchased by a variety of institutional investors in the last quarter, including Viking Fund Management LLC, Adams Natural Resources Fund Inc., Mn Services Vermogensbeheer B.V., Hellman Jordan Management Co. Inc. MA, Aperio Group LLC, CENTRAL TRUST Co, Financial Architects Inc and Triangle Securities Wealth Management. View Insider Buying and Selling for Diamondback Energy.

Shares of Diamondback Energy can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Diamondback Energy stock can currently be purchased for approximately $91.99.