Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) - Analysts at Roth Capital boosted their Q1 2025 earnings estimates for Diamondback Energy in a research note issued on Tuesday, February 18th. Roth Capital analyst L. Mariani now forecasts that the oil and natural gas company will post earnings of $3.79 per share for the quarter, up from their previous forecast of $3.30. The consensus estimate for Diamondback Energy's current full-year earnings is $15.49 per share.
Several other equities research analysts have also issued reports on the stock. Piper Sandler dropped their target price on shares of Diamondback Energy from $252.00 to $232.00 and set an "overweight" rating for the company in a research report on Tuesday, December 17th. JPMorgan Chase & Co. lifted their target price on shares of Diamondback Energy from $191.00 to $195.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. Raymond James lifted their price target on shares of Diamondback Energy from $237.00 to $256.00 and gave the stock a "strong-buy" rating in a research note on Thursday, January 23rd. Wells Fargo & Company lifted their price target on shares of Diamondback Energy from $218.00 to $219.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 17th. Finally, StockNews.com raised shares of Diamondback Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $216.52.
Get Our Latest Stock Analysis on Diamondback Energy
Diamondback Energy Price Performance
Diamondback Energy stock traded down $5.97 during mid-day trading on Thursday, hitting $156.12. 3,935,348 shares of the company traded hands, compared to its average volume of 2,088,174. Diamondback Energy has a one year low of $152.00 and a one year high of $214.50. The stock has a market cap of $45.59 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 1.22 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. The stock has a fifty day moving average price of $165.74 and a 200-day moving average price of $176.96.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in FANG. Financial Advocates Investment Management boosted its holdings in shares of Diamondback Energy by 3.0% during the 3rd quarter. Financial Advocates Investment Management now owns 1,907 shares of the oil and natural gas company's stock valued at $329,000 after buying an additional 55 shares in the last quarter. Lakewood Asset Management LLC raised its position in Diamondback Energy by 0.5% in the 4th quarter. Lakewood Asset Management LLC now owns 11,340 shares of the oil and natural gas company's stock worth $1,858,000 after buying an additional 60 shares during the last quarter. West Family Investments Inc. raised its position in Diamondback Energy by 3.4% in the 3rd quarter. West Family Investments Inc. now owns 1,852 shares of the oil and natural gas company's stock worth $319,000 after buying an additional 61 shares during the last quarter. Magnolia Capital Advisors LLC raised its position in Diamondback Energy by 2.0% in the 4th quarter. Magnolia Capital Advisors LLC now owns 3,247 shares of the oil and natural gas company's stock worth $532,000 after buying an additional 64 shares during the last quarter. Finally, Barden Capital Management Inc. raised its position in Diamondback Energy by 1.5% in the 4th quarter. Barden Capital Management Inc. now owns 4,380 shares of the oil and natural gas company's stock worth $718,000 after buying an additional 64 shares during the last quarter. 90.01% of the stock is owned by hedge funds and other institutional investors.
About Diamondback Energy
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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.
Further Reading
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