Q1 EPS Estimate for Diamondback Energy Raised by Analyst

Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) - Equities researchers at Capital One Financial lifted their Q1 2025 earnings per share estimates for shares of Diamondback Energy in a report issued on Thursday, April 17th. Capital One Financial analyst B. Velie now expects that the oil and natural gas company will earn $4.40 per share for the quarter, up from their prior estimate of $4.00. The consensus estimate for Diamondback Energy's current full-year earnings is $15.49 per share.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The oil and natural gas company reported $3.64 EPS for the quarter, beating analysts' consensus estimates of $3.57 by $0.07. The firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.55 billion. Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%.

Other equities analysts have also recently issued research reports about the stock. KeyCorp cut their price target on shares of Diamondback Energy from $216.00 to $180.00 and set an "overweight" rating for the company in a research note on Monday. Citigroup upgraded shares of Diamondback Energy from a "reduce" rating to a "buy" rating and increased their price target for the company from $157.00 to $180.00 in a research report on Monday, April 7th. Mizuho upped their price objective on shares of Diamondback Energy from $201.00 to $204.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. Barclays reduced their price objective on Diamondback Energy from $210.00 to $200.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 18th. Finally, Williams Trading set a $190.00 price target on Diamondback Energy in a research note on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $202.75.

Diamondback Energy Price Performance

Shares of NASDAQ:FANG traded down $0.56 on Friday, hitting $135.98. The company's stock had a trading volume of 1,197,850 shares, compared to its average volume of 2,084,263. The company has a market capitalization of $39.99 billion, a PE ratio of 7.78, a PEG ratio of 1.24 and a beta of 1.44. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42. The company has a 50-day simple moving average of $146.28 and a 200 day simple moving average of $164.02. Diamondback Energy has a 1 year low of $114.00 and a 1 year high of $214.50.

Diamondback Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, March 6th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.94%. This is an increase from Diamondback Energy's previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Thursday, March 6th. Diamondback Energy's dividend payout ratio is 25.32%.

Insider Buying and Selling at Diamondback Energy

In other Diamondback Energy news, Director Frank D. Tsuru bought 2,000 shares of Diamondback Energy stock in a transaction on Friday, February 28th. The stock was acquired at an average price of $156.51 per share, with a total value of $313,020.00. Following the acquisition, the director now owns 5,730 shares in the company, valued at approximately $896,802.30. This trade represents a 53.62 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is owned by company insiders.

Hedge Funds Weigh In On Diamondback Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Demars Financial Group LLC bought a new stake in Diamondback Energy in the 4th quarter worth approximately $638,050,000. Raymond James Financial Inc. bought a new stake in shares of Diamondback Energy in the fourth quarter worth $298,327,000. Alyeska Investment Group L.P. purchased a new stake in Diamondback Energy during the fourth quarter valued at $185,193,000. Assenagon Asset Management S.A. lifted its holdings in Diamondback Energy by 1,153.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,132,918 shares of the oil and natural gas company's stock valued at $185,606,000 after acquiring an additional 1,042,505 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in Diamondback Energy by 11.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,136,645 shares of the oil and natural gas company's stock worth $1,496,859,000 after purchasing an additional 928,429 shares during the last quarter. Institutional investors own 90.01% of the company's stock.

Diamondback Energy Company Profile

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.