A number of research firms have changed their ratings and price targets for Diamondback Energy (NASDAQ: FANG):
Shares of Diamondback Energy Inc. (NASDAQ:FANG) opened at 94.70 on Monday. The firm has a 50 day moving average price of $93.88 and a 200 day moving average price of $88.83. Diamondback Energy Inc. has a one year low of $55.48 and a one year high of $99.69. The company’s market capitalization is $7.39 billion.
Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.10. Diamondback Energy had a positive return on equity of 3.82% and a negative net margin of 124.95%. The company had revenue of $112.48 million for the quarter, compared to analyst estimates of $112.47 million. During the same quarter last year, the company posted $0.41 EPS. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. On average, equities research analysts predict that Diamondback Energy Inc. will post $1.00 EPS for the current fiscal year.