Diamondback Energy (NASDAQ:FANG - Get Free Report) will likely be announcing its earnings results after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of $3.57 per share and revenue of $3.55 billion for the quarter. Investors interested in registering for the company's conference call can do so using this link.
Diamondback Energy Price Performance
FANG stock traded down $5.97 during mid-day trading on Friday, reaching $156.12. 3,935,348 shares of the company traded hands, compared to its average volume of 2,088,174. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42. The company has a market capitalization of $45.59 billion, a P/E ratio of 8.94, a P/E/G ratio of 1.22 and a beta of 1.86. Diamondback Energy has a 52-week low of $152.00 and a 52-week high of $214.50. The company has a fifty day moving average price of $165.74 and a 200-day moving average price of $176.96.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on FANG shares. Wolfe Research raised Diamondback Energy from a "peer perform" rating to an "outperform" rating and set a $190.00 target price for the company in a report on Friday, January 3rd. UBS Group boosted their price objective on Diamondback Energy from $212.00 to $216.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. StockNews.com raised Diamondback Energy from a "sell" rating to a "hold" rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. boosted their price objective on Diamondback Energy from $191.00 to $195.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $210.00 price objective on shares of Diamondback Energy in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $216.52.
Read Our Latest Research Report on Diamondback Energy
About Diamondback Energy
(
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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.
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