Diamondback Energy (FANG) Projected to Post Earnings on Tuesday

Diamondback Energy (NASDAQ:FANG) is expected to be releasing its earnings data after the market closes on Tuesday, February 25th. Analysts expect Diamondback Energy to post earnings of $3.57 per share and revenue of $3.55 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Diamondback Energy Stock Performance

Shares of NASDAQ:FANG opened at $156.12 on Friday. The company has a market cap of $45.59 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. The company has a 50-day moving average price of $165.60 and a 200-day moving average price of $176.76. The company has a current ratio of 0.45, a quick ratio of 0.42 and a debt-to-equity ratio of 0.31. Diamondback Energy has a 12 month low of $152.00 and a 12 month high of $214.50.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FANG. The Goldman Sachs Group began coverage on shares of Diamondback Energy in a research note on Monday, December 2nd. They set a “buy” rating and a $227.00 price objective for the company. Mizuho lowered their price objective on shares of Diamondback Energy from $219.00 to $207.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Wolfe Research raised shares of Diamondback Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research note on Friday, January 3rd. UBS Group upped their price objective on shares of Diamondback Energy from $212.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, Morgan Stanley upped their price objective on shares of Diamondback Energy from $220.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Diamondback Energy currently has an average rating of “Moderate Buy” and an average target price of $216.22.

About Diamondback Energy

Diamondback Energy, Inc, an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, 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.