Zacks Research Analysts Increase Earnings Estimates for FANG

Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) - Analysts at Zacks Research lifted their Q1 2025 earnings per share estimates for Diamondback Energy in a research report issued to clients and investors on Wednesday, April 23rd. Zacks Research analyst N. Choudhury now forecasts that the oil and natural gas company will post earnings of $3.72 per share for the quarter, up from their prior estimate of $3.37. The consensus estimate for Diamondback Energy's current full-year earnings is $15.49 per share. Zacks Research also issued estimates for Diamondback Energy's Q2 2025 earnings at $3.11 EPS, Q3 2025 earnings at $3.43 EPS, Q4 2025 earnings at $3.68 EPS, FY2025 earnings at $13.94 EPS and Q3 2026 earnings at $3.48 EPS.

A number of other analysts have also weighed in on the stock. Wolfe Research raised shares of Diamondback Energy from a "peer perform" rating to an "outperform" rating and set a $190.00 price target for the company in a report on Friday, January 3rd. Williams Trading set a $190.00 price objective on shares of Diamondback Energy in a report on Wednesday, March 5th. JPMorgan Chase & Co. cut their price objective on Diamondback Energy from $167.00 to $166.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Susquehanna reduced their target price on shares of Diamondback Energy from $219.00 to $194.00 and set a "positive" rating for the company in a research note on Tuesday. Finally, UBS Group lowered their price objective on shares of Diamondback Energy from $175.00 to $163.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Three equities research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $200.96.

Diamondback Energy Stock Up 0.5 %

Shares of FANG opened at $136.16 on Friday. The business's 50 day simple moving average is $145.44 and its 200-day simple moving average is $163.39. 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 market capitalization of $40.04 billion, a P/E ratio of 7.79, a PEG ratio of 1.24 and a beta of 1.44. Diamondback Energy has a one year low of $114.00 and a one year high of $214.50.

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 firm had revenue of $3.71 billion for 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%.

Diamondback Energy Increases Dividend

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

Insider Activity at Diamondback Energy

In other Diamondback Energy news, Director Frank D. Tsuru acquired 2,000 shares of the company's stock in a transaction on Friday, February 28th. The stock was acquired at an average price of $156.51 per share, for a total transaction of $313,020.00. Following the purchase, the director now directly owns 5,730 shares of the company's stock, valued at $896,802.30. This trade represents a 53.62 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.48% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Diamondback Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wintrust Investments LLC acquired a new stake in Diamondback Energy during the fourth quarter worth about $28,000. R Squared Ltd bought a new position in Diamondback Energy in the 4th quarter valued at approximately $29,000. Pinnacle Bancorp Inc. lifted its holdings in shares of Diamondback Energy by 95.7% during the first quarter. Pinnacle Bancorp Inc. now owns 180 shares of the oil and natural gas company's stock worth $29,000 after purchasing an additional 88 shares during the period. UMB Bank n.a. lifted its holdings 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 buying an additional 136 shares during the period. Finally, Grove Bank & Trust lifted its stake in shares of 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 worth $32,000 after acquiring an additional 80 shares during the period. 90.01% of the stock is currently owned by institutional investors and hedge funds.

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.

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