What is KeyCorp's Forecast for FANG Q1 Earnings?

Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) - Equities researchers at KeyCorp issued their Q1 2025 earnings per share estimates for Diamondback Energy in a note issued to investors on Sunday, April 20th. KeyCorp analyst T. Rezvan expects that the oil and natural gas company will earn $4.33 per share for the quarter. KeyCorp has a "Overweight" rating and a $180.00 price objective on the stock. The consensus estimate for Diamondback Energy's current full-year earnings is $15.49 per share. KeyCorp also issued estimates for Diamondback Energy's Q2 2025 earnings at $3.25 EPS, Q3 2025 earnings at $3.25 EPS, Q4 2025 earnings at $3.50 EPS, FY2025 earnings at $14.33 EPS, Q1 2026 earnings at $3.55 EPS, Q2 2026 earnings at $3.40 EPS, Q3 2026 earnings at $3.42 EPS, Q4 2026 earnings at $3.69 EPS and FY2026 earnings at $14.07 EPS.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last announced its quarterly 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 business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.55 billion. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%.

FANG has been the subject of a number of other research reports. Williams Trading set a $190.00 price objective on Diamondback Energy in a report on Wednesday, March 5th. UBS Group reduced their price target on Diamondback Energy from $175.00 to $163.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Citigroup raised Diamondback Energy from a "reduce" rating to a "buy" rating and upped their price objective for the company from $157.00 to $180.00 in a report on Monday, April 7th. Royal Bank of Canada reissued an "outperform" rating and set a $210.00 target price on shares of Diamondback Energy in a report on Thursday, January 23rd. Finally, Raymond James decreased their price target on shares of Diamondback Energy from $245.00 to $214.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, March 12th. Three 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. Based on data from MarketBeat.com, Diamondback Energy presently has an average rating of "Moderate Buy" and a consensus price target of $202.75.

Diamondback Energy Stock Performance

Shares of FANG stock opened at $136.54 on Wednesday. Diamondback Energy has a 52 week low of $114.00 and a 52 week high of $214.50. The company has a market capitalization of $40.15 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 1.24 and a beta of 1.44. The company has a 50-day simple moving average of $146.28 and a 200 day simple moving average of $164.02. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.42 and a current ratio of 0.45.

Diamondback Energy Increases Dividend

The firm 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 is an increase from Diamondback Energy's previous quarterly dividend of $0.90. This represents a $4.00 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend was Thursday, March 6th. Diamondback Energy's dividend payout ratio is currently 25.32%.

Insider Activity at Diamondback Energy

In other Diamondback Energy news, Director Frank D. Tsuru bought 2,000 shares of the stock in a transaction on Friday, February 28th. The stock was purchased 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 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 the SEC website. 0.48% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Diamondback Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. QRG Capital Management Inc. grew its stake in shares of Diamondback Energy by 38.4% during the fourth quarter. QRG Capital Management Inc. now owns 11,675 shares of the oil and natural gas company's stock worth $1,913,000 after buying an additional 3,238 shares during the last quarter. Swedbank AB boosted its holdings in shares of Diamondback Energy by 28.0% during the 4th quarter. Swedbank AB now owns 198,283 shares of the oil and natural gas company's stock valued at $32,485,000 after acquiring an additional 43,361 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Diamondback Energy by 631.1% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 43,148 shares of the oil and natural gas company's stock valued at $7,069,000 after acquiring an additional 37,246 shares in the last quarter. Franklin Resources Inc. grew its position in Diamondback Energy by 48.5% during the 3rd quarter. Franklin Resources Inc. now owns 146,870 shares of the oil and natural gas company's stock worth $28,008,000 after acquiring an additional 47,951 shares during the last quarter. Finally, Tectonic Advisors LLC increased its holdings in Diamondback Energy by 38.2% in the 4th quarter. Tectonic Advisors LLC now owns 31,467 shares of the oil and natural gas company's stock worth $5,155,000 after purchasing an additional 8,704 shares in the last quarter. 90.01% of the stock is 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.

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