Roth Capital Cuts Earnings Estimates for Diamondback Energy

Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) - Investment analysts at Roth Capital reduced their Q1 2025 earnings estimates for shares of Diamondback Energy in a note issued to investors on Monday, April 14th. Roth Capital analyst L. Mariani now forecasts that the oil and natural gas company will earn $3.29 per share for the quarter, down from their prior forecast of $3.40. The consensus estimate for Diamondback Energy's current full-year earnings is $15.49 per share. Roth Capital also issued estimates for Diamondback Energy's Q3 2026 earnings at $3.53 EPS and Q4 2026 earnings at $3.68 EPS.

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

A number of other equities research analysts also recently issued reports on FANG. Citigroup raised shares of Diamondback Energy from a "reduce" rating to a "buy" rating and upped their price objective for the stock from $157.00 to $180.00 in a research report on Monday, April 7th. JPMorgan Chase & Co. reduced their target price on Diamondback Energy from $167.00 to $166.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Raymond James dropped their price target on Diamondback Energy from $245.00 to $214.00 and set a "strong-buy" rating on the stock in a report on Wednesday, March 12th. Williams Trading set a $190.00 target price on Diamondback Energy in a research note on Wednesday, March 5th. Finally, Mizuho boosted their price target on shares of Diamondback Energy from $201.00 to $204.00 and gave the stock an "outperform" rating in a report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Diamondback Energy currently has an average rating of "Moderate Buy" and an average target price of $204.29.

Diamondback Energy Stock Down 4.5 %

Shares of NASDAQ FANG traded down $6.24 during trading on Wednesday, hitting $131.40. The stock had a trading volume of 691,490 shares, compared to its average volume of 2,080,686. The firm has a fifty day moving average of $147.14 and a two-hundred day moving average of $164.65. The company has a market capitalization of $38.64 billion, a PE ratio of 7.52, 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. Diamondback Energy has a 12 month low of $114.00 and a 12 month high of $214.50.

Hedge Funds Weigh In On Diamondback Energy

Several institutional investors have recently modified their holdings of the company. Wintrust Investments LLC purchased a new stake in shares of Diamondback Energy in the 4th quarter valued at $28,000. R Squared Ltd purchased a new stake in Diamondback Energy during the 4th quarter valued at about $29,000. UMB Bank n.a. grew its position in Diamondback Energy by 247.3% during the 4th quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company's stock worth $31,000 after acquiring an additional 136 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new position in Diamondback Energy in the 4th quarter worth approximately $33,000. Finally, Grove Bank & Trust lifted its position in Diamondback Energy by 65.0% in the first quarter. Grove Bank & Trust now owns 203 shares of the oil and natural gas company's stock valued at $32,000 after purchasing an additional 80 shares during the last quarter. 90.01% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Frank D. Tsuru bought 2,000 shares of Diamondback Energy stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of $156.51 per share, with a total value of $313,020.00. Following the completion of the purchase, the director now directly owns 5,730 shares in the company, valued at $896,802.30. The trade was a 53.62 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.48% of the company's stock.

Diamondback Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were issued a $1.00 dividend. This is a positive change from Diamondback Energy's previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.04%. Diamondback Energy's dividend payout ratio is presently 25.32%.

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.