Diamondback Energy Inc (NASDAQ:FANG) – Investment analysts at KeyCorp issued their Q4 2020 earnings per share (EPS) estimates for shares of Diamondback Energy in a research note issued on Wednesday, May 8th. KeyCorp analyst L. Mariani forecasts that the oil and natural gas company will earn $2.44 per share for the quarter. KeyCorp has a “Overweight” rating and a $124.00 price objective on the stock.
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 Thomson Reuters’ consensus estimate of $1.36 by $0.03. The firm had revenue of $864.00 million during the quarter, compared to the consensus estimate of $893.16 million. Diamondback Energy had a return on equity of 6.81% and a net margin of 27.05%. The business’s quarterly revenue was up 80.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.64 earnings per share.
Shares of NASDAQ FANG opened at $109.11 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.64 and a quick ratio of 0.87. The stock has a market cap of $17.65 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 0.67 and a beta of 0.80. Diamondback Energy has a 12 month low of $85.19 and a 12 month high of $140.78.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 28th will be issued a dividend of $0.188 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 0.69%. This is a boost from Diamondback Energy’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, May 24th. Diamondback Energy’s dividend payout ratio is presently 8.52%.
In other Diamondback Energy news, insider Michael L. Hollis purchased 5,313 shares of the business’s stock in a transaction on Friday, March 8th. The shares were purchased at an average cost of $95.12 per share, for a total transaction of $505,372.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Randall J. Holder sold 4,000 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $104.13, for a total value of $416,520.00. Following the transaction, the insider now owns 14,448 shares in the company, valued at $1,504,470.24. The disclosure for this sale can be found here. Insiders have sold a total of 6,050 shares of company stock worth $626,158 over the last 90 days. Company insiders own 0.57% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Ranger Investment Management L.P. bought a new position in shares of Diamondback Energy during the 4th quarter worth approximately $25,000. Berman Capital Advisors LLC raised its position in shares of Diamondback Energy by 180.8% during the first quarter. Berman Capital Advisors LLC now owns 292 shares of the oil and natural gas company’s stock worth $29,000 after purchasing an additional 188 shares during the period. Legacy Financial Advisors Inc. acquired a new position in shares of Diamondback Energy during the fourth quarter worth approximately $30,000. Manchester Capital Management LLC acquired a new position in shares of Diamondback Energy during the first quarter worth approximately $34,000. Finally, Bronfman E.L. Rothschild L.P. raised its position in shares of Diamondback Energy by 136.7% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 400 shares of the oil and natural gas company’s stock worth $37,000 after purchasing an additional 231 shares during the period. Hedge funds and other institutional investors own 99.74% of the company’s stock.
About Diamondback Energy
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.
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