Diamondback Energy Company Profile (NASDAQ:FANG)

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

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

22 analysts have issued 1-year price objectives for Diamondback Energy's stock. Their forecasts range from $17.00 to $151.00. On average, they expect Diamondback Energy's share price to reach $115.95 in the next twelve months. 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)

Diamondback Energy saw a drop in short interest in the month of August. As of August 31st, there was short interest totalling 4,738,136 shares, a drop of 18.9% from the August 15th total of 5,845,271 shares. Based on an average trading volume of 902,704 shares, the short-interest ratio is currently 5.2 days. Approximately 5.0% of the company's stock are short sold.

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

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 institutional and retail investors. Top institutional shareholders include FMR LLC (11.83%), Vanguard Group Inc. (8.14%), JPMorgan Chase & Co. (7.78%), Boston Partners (6.79%), Warburg Pincus LLC (6.66%) and BlackRock Inc. (5.03%). Company insiders that own Diamondback Energy stock include Elizabeth Moses, Hof Matthew Kaes Van't, 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 Balyasny Asset Management LLC, Boston Partners, Neuberger Berman Group LLC, Macquarie Group Ltd., Columbus Circle Investors, FIL Ltd, Artemis Investment Management LLP and Gluskin Sheff & Assoc Inc.. 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 Warburg Pincus LLC, Artisan Partners Limited Partnership, JPMorgan Chase & Co., Capital World Investors, Voya Investment Management LLC, Harbour Capital Advisors LLC, Vanguard Group Inc. and TIAA CREF Investment Management LLC. 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 $95.74.