Zacks Research Has Negative Estimate for FANG Q4 Earnings

Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) - Equities research analysts at Zacks Research cut their Q4 2024 earnings estimates for Diamondback Energy in a note issued to investors on Monday, November 18th. Zacks Research analyst N. Choudhury now anticipates that the oil and natural gas company will post earnings per share of $3.13 for the quarter, down from their previous forecast of $4.11. The consensus estimate for Diamondback Energy's current full-year earnings is $16.37 per share. Zacks Research also issued estimates for Diamondback Energy's Q2 2025 earnings at $3.46 EPS, Q3 2025 earnings at $3.25 EPS, Q4 2025 earnings at $4.10 EPS and FY2025 earnings at $14.53 EPS.

Several other brokerages also recently weighed in on FANG. Piper Sandler increased their target price on shares of Diamondback Energy from $240.00 to $252.00 and gave the company an "overweight" rating in a research note on Tuesday, October 15th. UBS Group cut their price target on shares of Diamondback Energy from $247.00 to $223.00 and set a "buy" rating on the stock in a report on Wednesday, September 18th. JPMorgan Chase & Co. began coverage on Diamondback Energy in a research report on Wednesday, October 2nd. They set an "overweight" rating and a $182.00 target price for the company. Susquehanna cut their target price on Diamondback Energy from $237.00 to $233.00 and set a "positive" rating on the stock in a research note on Friday, October 18th. Finally, Raymond James raised their price target on Diamondback Energy from $232.00 to $237.00 and gave the stock a "strong-buy" rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $212.00.

Diamondback Energy Stock Performance

NASDAQ:FANG opened at $181.46 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.42 and a current ratio of 0.45. The stock's fifty day moving average is $181.65 and its 200 day moving average is $191.00. The firm has a market capitalization of $52.98 billion, a PE ratio of 10.39, a PEG ratio of 1.32 and a beta of 1.89. Diamondback Energy has a fifty-two week low of $145.70 and a fifty-two week high of $214.50.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The oil and natural gas company reported $3.38 EPS for the quarter, missing analysts' consensus estimates of $4.62 by ($1.24). Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same period in the previous year, the business posted $5.49 EPS. The firm's revenue was up 13.0% on a year-over-year basis.

Institutional Trading of Diamondback Energy

A number of large investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its position in Diamondback Energy by 178.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 30,532 shares of the oil and natural gas company's stock worth $6,112,000 after purchasing an additional 19,552 shares during the last quarter. Atria Investments Inc grew its holdings in Diamondback Energy by 18.5% during the 3rd quarter. Atria Investments Inc now owns 42,678 shares of the oil and natural gas company's stock valued at $7,358,000 after buying an additional 6,672 shares during the last quarter. Cullen Investment Group LTD. boosted its stake in shares of Diamondback Energy by 33.5% during the 3rd quarter. Cullen Investment Group LTD. now owns 11,978 shares of the oil and natural gas company's stock worth $2,065,000 after purchasing an additional 3,008 shares during the last quarter. ORG Partners LLC grew its stake in Diamondback Energy by 2,768.9% in the 2nd quarter. ORG Partners LLC now owns 4,332 shares of the oil and natural gas company's stock worth $883,000 after acquiring an additional 4,181 shares during the period. Finally, Parkside Investments LLC purchased a new stake in shares of Diamondback Energy in the second quarter valued at $601,000. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Diamondback Energy

In related news, Director Mark Lawrence Plaumann sold 1,150 shares of the business's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $181.00, for a total value of $208,150.00. Following the sale, the director now directly owns 4,712 shares in the company, valued at approximately $852,872. The trade was a 19.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Lyndal Greth sold 13,212,830 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $175.11, for a total value of $2,313,698,661.30. Following the transaction, the insider now directly owns 1,037,819 shares in the company, valued at approximately $181,732,485.09. The trade was a 92.72 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

Diamondback Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, November 14th. Diamondback Energy's dividend payout ratio is currently 20.61%.

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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