Brokers Issue Forecasts for FANG FY2026 Earnings

Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) - Stock analysts at Scotiabank issued their FY2026 earnings estimates for shares of Diamondback Energy in a report issued on Wednesday, January 8th. Scotiabank analyst P. Cheng anticipates that the oil and natural gas company will post earnings per share of $16.50 for the year. Scotiabank currently has a "Sector Outperform" rating and a $225.00 price target on the stock. The consensus estimate for Diamondback Energy's current full-year earnings is $16.51 per share.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The oil and natural gas company reported $3.38 EPS for the quarter, missing analysts' consensus estimates of $4.62 by ($1.24). The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.43 billion. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. Diamondback Energy's revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.49 earnings per share.

Several other brokerages have also issued reports on FANG. Jefferies Financial Group started coverage on Diamondback Energy in a research note on Monday, September 16th. They issued a "hold" rating and a $185.00 target price for the company. Evercore ISI lowered their target price on shares of Diamondback Energy from $235.00 to $209.00 and set an "outperform" rating on the stock in a research note on Monday, September 30th. JPMorgan Chase & Co. assumed coverage on Diamondback Energy in a research report on Wednesday, October 2nd. They issued an "overweight" rating and a $182.00 price target for the company. BMO Capital Markets raised shares of Diamondback Energy from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $205.00 to $215.00 in a report on Friday, October 4th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $210.00 target price on shares of Diamondback Energy in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $209.83.

Diamondback Energy Stock Performance

Shares of Diamondback Energy stock traded up $3.78 on Friday, reaching $174.77. 2,725,144 shares of the company traded hands, compared to its average volume of 2,074,256. The company has a 50 day moving average of $170.76 and a 200 day moving average of $183.96. The firm has a market capitalization of $51.03 billion, a PE ratio of 10.00, a PEG ratio of 1.19 and a beta of 1.88. Diamondback Energy has a 52 week low of $147.93 and a 52 week high of $214.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42.

Diamondback Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a $0.90 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.06%. Diamondback Energy's dividend payout ratio is currently 20.61%.

Insider Activity

In other Diamondback Energy news, Director Mark Lawrence Plaumann sold 1,150 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $181.00, for a total value of $208,150.00. Following the sale, the director now owns 4,712 shares in the company, valued at approximately $852,872. This represents a 19.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.48% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FANG. Carolinas Wealth Consulting LLC raised its stake in Diamondback Energy by 67.1% in the second quarter. Carolinas Wealth Consulting LLC now owns 137 shares of the oil and natural gas company's stock valued at $27,000 after buying an additional 55 shares in the last quarter. Financial Advocates Investment Management boosted its holdings in Diamondback Energy by 3.0% during the third quarter. Financial Advocates Investment Management now owns 1,907 shares of the oil and natural gas company's stock worth $329,000 after buying an additional 55 shares in the last quarter. Brighton Jones LLC raised its stake in shares of Diamondback Energy by 0.8% during the 2nd quarter. Brighton Jones LLC now owns 7,821 shares of the oil and natural gas company's stock worth $1,566,000 after buying an additional 60 shares during the last quarter. Greenup Street Wealth Management LLC lifted its stake in Diamondback Energy by 3.4% in the 3rd quarter. Greenup Street Wealth Management LLC now owns 1,817 shares of the oil and natural gas company's stock valued at $313,000 after buying an additional 60 shares in the last quarter. Finally, West Family Investments Inc. lifted its stake in shares of Diamondback Energy by 3.4% during the third quarter. West Family Investments Inc. now owns 1,852 shares of the oil and natural gas company's stock valued at $319,000 after buying an additional 61 shares during the period. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

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.