Diamondback Energy (FANG) Projected to Post Earnings on Tuesday

Diamondback Energy (NASDAQ:FANG) is projected to release 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 interested in participating in the company’s earnings conference call can do so using this link.

Diamondback Energy Stock Performance

Shares of FANG opened at $156.12 on Monday. The stock’s 50-day simple moving average is $165.60 and its 200 day simple moving average is $176.57. The stock has a market capitalization 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 debt-to-equity ratio of 0.31, a quick ratio of 0.42 and a current ratio of 0.45. Diamondback Energy has a 52-week low of $152.00 and a 52-week high of $214.50.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FANG. Benchmark reissued a “buy” rating and set a $195.00 price objective on shares of Diamondback Energy in a report on Tuesday, October 29th. Wolfe Research upgraded Diamondback Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a research note on Friday, January 3rd. JPMorgan Chase & Co. upped their target price on Diamondback Energy from $191.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Royal Bank of Canada restated an “outperform” rating and issued a $210.00 target price on shares of Diamondback Energy in a research note on Thursday, January 23rd. Finally, UBS Group upped their target price on Diamondback Energy from $212.00 to $216.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Diamondback Energy has a consensus rating of “Moderate Buy” and an average price target 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.