Q4 EPS Forecast for Diamondback Energy Decreased by Analyst

Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) - Investment analysts at Roth Capital decreased their Q4 2024 earnings per share (EPS) estimates for Diamondback Energy in a report released on Tuesday, November 5th. Roth Capital analyst L. Mariani now anticipates that the oil and natural gas company will post earnings per share of $3.33 for the quarter, down from their prior forecast of $4.46. The consensus estimate for Diamondback Energy's current full-year earnings is $17.10 per share. Roth Capital also issued estimates for Diamondback Energy's Q1 2025 earnings at $3.30 EPS, Q2 2025 earnings at $3.14 EPS, Q3 2025 earnings at $3.54 EPS, Q4 2025 earnings at $3.96 EPS and FY2025 earnings at $13.94 EPS.

Other equities analysts have also issued reports about the company. Citigroup began coverage on Diamondback Energy in a research report on Monday, October 14th. They set a "neutral" rating and a $195.00 price objective on the stock. KeyCorp dropped their price objective on Diamondback Energy from $225.00 to $216.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. Johnson Rice downgraded Diamondback Energy from a "strong-buy" rating to a "moderate buy" rating in a report on Tuesday, September 24th. UBS Group reduced their target price on Diamondback Energy from $247.00 to $223.00 and set a "buy" rating on the stock in a research note on Wednesday, September 18th. Finally, StockNews.com lowered Diamondback Energy from a "hold" rating to a "sell" rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $209.64.

Diamondback Energy Price Performance

FANG traded down $2.03 during trading on Thursday, reaching $181.59. The stock had a trading volume of 1,727,304 shares, compared to its average volume of 1,745,576. The business has a 50-day moving average of $182.34 and a 200-day moving average of $192.55. Diamondback Energy has a one year low of $145.70 and a one year high of $214.50. The company has a debt-to-equity ratio of 0.65, a quick ratio of 3.64 and a current ratio of 3.66. The stock has a market cap of $53.52 billion, a PE ratio of 10.42, a PEG ratio of 1.26 and a beta of 1.89.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last posted its earnings results on Monday, November 4th. The oil and natural gas company reported $3.38 earnings per share for the quarter, missing analysts' consensus estimates of $4.62 by ($1.24). Diamondback Energy had a return on equity of 17.64% and a net margin of 33.64%. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same period last year, the company posted $5.49 EPS. The business's revenue was up 13.0% on a year-over-year basis.

Diamondback Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.60 annualized dividend and a yield of 1.98%. Diamondback Energy's dividend payout ratio (DPR) is presently 20.61%.

Insider Transactions at Diamondback Energy

In related news, major shareholder Lyndal Greth sold 13,212,830 shares of the firm's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $175.11, for a total transaction of $2,313,698,661.30. Following the completion of the sale, the insider now owns 1,037,819 shares of the company's stock, valued at $181,732,485.09. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.48% of the company's stock.

Institutional Trading of Diamondback Energy

A number of large investors have recently made changes to their positions in the stock. First Community Trust NA bought a new stake in Diamondback Energy in the 2nd quarter worth approximately $26,000. Carolinas Wealth Consulting LLC boosted its position 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 worth $27,000 after purchasing an additional 55 shares during the last quarter. HHM Wealth Advisors LLC bought a new stake in shares of Diamondback Energy during the 2nd quarter valued at about $40,000. Values First Advisors Inc. bought a new stake in shares of Diamondback Energy during the 3rd quarter valued at about $42,000. Finally, Founders Capital Management increased its position in shares of Diamondback Energy by 99.2% during the 2nd quarter. Founders Capital Management now owns 251 shares of the oil and natural gas company's stock valued at $50,000 after purchasing an additional 125 shares during the last quarter. 90.01% of the stock is currently owned by institutional investors.

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.