Diamondback Energy Company Profile (NASDAQ:FANG)

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

Diamondback Energy, Inc. (NASDAQ:FANG) posted its earnings results on Tuesday, August, 1st. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $0.96 by $0.44. The firm had revenue of $267.40 million for the quarter, compared to analyst estimates of $258.75 million. Diamondback Energy had a return on equity of 8.09% and a net margin of 38.24%. Diamondback Energy's revenue for the quarter was up 137.7% compared to the same quarter last year. During the same period last year, the company earned $0.26 earnings per share. View Diamondback Energy's Earnings History.

Diamondback Energy is scheduled to release their next quarterly earnings announcement on Monday, November, 6th 2017. View Earnings Estimates for Diamondback Energy.

23 brokers have issued 12-month price targets for Diamondback Energy's stock. Their forecasts range from $95.00 to $151.00. On average, they expect Diamondback Energy's share price to reach $123.05 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. " (10/9/2017)
• 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)
• 4. UBS AG analysts commented, "4Q EPS/CFPS beat on higher oil production, lower costs & lower tax rate FANG reported clean 4Q EPS/CFPS of $0.90/$1.59, well above UBSe $0.51/$1.39 and consensus' $0.53/$1.35; relative to our forecasts the beat was on higher production, lower unit costs & a lower effective tax rate. 4Q production of 51.9 MBoed (+16% QoQ) came in above UBSe/consensus ~48 MBoed with the beat primarily driven by oil volumes (38.1 MBbld vs. UBSe/consensus ~35 MBbld). Average price realizations (inc. hedges) fell 15% YoY to ~$38/Boe, roughly in line with UBSe. Per unit costs fell 17% YoY & were ~6% below UBSe, largely on lower prod'n taxes/LOE. Proved reserves rose 31% YoY to ~205 MMBoe (68% oil & 58% PDP) & FANG replaced 380% of prod'n organically at an F&D cost of ~$6.30/Boe, well below its 3-yr average of ~$11.25/Boe' Positioned for further acceleration in 2H17/2018 at stable/higher oil prices FANG appears inclined to continue adding rigs through 2017 (has guided to as many as 10 operated rigs this year) as long as it can do so while spending near cash flow." (2/15/2017)

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

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 many different of retail and institutional investors. Top institutional investors include Viking Fund Management LLC (0.22%), State Treasurer State of Michigan (0.01%), Robeco Institutional Asset Management B.V. (0.01%), Fulton Bank N.A. (0.00%) and Denali Advisors LLC (0.00%). Company insiders that own Diamondback Energy stock include Elizabeth Moses, Hof Matthew Kaes Van't, 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 Denali Advisors LLC and Robeco Institutional Asset Management B.V.. Company insiders that have sold Diamondback Energy stock in the last year include Hof Matthew Kaes Van't, Mark Lawrence Plaumann, Michael L Hollis, Paul Molnar, Russell Pantermuehl and Teresa L Dick. View Insider Buying and Selling for Diamondback Energy.

Diamondback Energy's stock was acquired by a variety of institutional investors in the last quarter, including Viking Fund Management LLC, State Treasurer State of Michigan and Fulton Bank N.A.. 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 $102.53.