On Friday, Shares of Diamondback Energy (NASDAQ: FANG) showed the bullish trend with a higher momentum of 1.04% to $100.15. The company traded total volume of 9,616 shares as contrast to its average volume of 1.83M shares. The company has a market value of $16.66B and about 168.06M shares outstanding.
Diamondback Energy Inc. (FANG) stated fourth-quarter profit of $306.70M. The Midland, Texas-based company said it had profit of $2.50 per share. Earnings, adjusted for non-recurring gains, came to $1.21 per share. The results did not meet Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $1.62 per share.
The energy exploration and production company posted revenue of $633.10M in the period, which also did not meet Street forecasts. Twelve analysts surveyed by Zacks expected $663.20M.
For the year, the company stated profit of $845.70M, or $8.06 per share. Revenue was stated as $2.180B.
The Company offered net profit margin of 38.90% while its gross profit margin was 80.00%. ROE was recorded as 11.00% while beta factor was 0.82. The stock, as of recent close, has shown the weekly downbeat performance of -9.57% which was maintained at 6.93% in this year.
