Diamondback Energy, Inc. (NASDAQ:FANG) has seen its FY2024 earnings per share estimates reduced by Capital One Financial, forecasting $17.80 down from $18.05. The consensus estimate is now $19.08 per share, with Q1 2025 estimated at $3.86 EPS.
Several analysts have adjusted their ratings and price targets:
– KeyCorp lowered the target to $216.00.
– Scotiabank reduced theirs to $225.00.
– BMO upgraded from “market perform” to “outperform” with a new target of $215.00.
– StockNews.com changed its rating from “buy” to “hold”.
– Bernstein cut its target from $243.00 to $236.00. Overall, 1 analyst has a sell rating, 5 hold, 17 buy, and 1 strong buy, resulting in a consensus rating of “Moderate Buy” with a target price of $210.09.
View Our Latest Analysis on FANG
Current Trading Status
Shares of NASDAQ:FANG opened at $183.99. With a year low of $145.70 and high of $214.50, they have a market cap of $32.81 billion and a PE ratio of 10.37.
In its last quarterly earnings on August 5, Diamondback reported $4.52 EPS, slightly beating expectations. Revenue was $2.48 billion, up 29.4% from last year.
Investor Activities
Recently, Quent Capital LLC increased its stake by 7.2%, while Carolinas Wealth Consulting LLC raised theirs by 67.1%. Institutional investors now own 90.01% of the company.
Insider Trading
Major shareholder Lyndal Greth sold 13.2 million shares on September 23 at an average price of $175.11, retaining 1.04 million shares thereafter.
Recent Dividend Announcement
Diamondback increased its dividend to $2.34, up from $2.26, with a yield of 1.9% and a payout ratio of 20.29%.
Company Overview
Diamondback Energy, Inc. is engaged in the acquisition and development of onshore oil and natural gas reserves in the Permian Basin.
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