Zacks Research Issues Positive Estimate for FANG Earnings

Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) - Zacks Research raised their Q2 2025 earnings per share estimates for Diamondback Energy in a research report issued on Monday, March 17th. Zacks Research analyst N. Choudhury now forecasts that the oil and natural gas company will post earnings of $3.10 per share for the quarter, up from their previous estimate of $3.04. The consensus estimate for Diamondback Energy's current full-year earnings is $15.49 per share.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The oil and natural gas company reported $3.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.57 by $0.07. The company 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%.

A number of other research analysts have also recently weighed in on FANG. Mizuho lifted their target price on shares of Diamondback Energy from $201.00 to $204.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. dropped their price objective on Diamondback Energy from $212.00 to $167.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. The Goldman Sachs Group started coverage on Diamondback Energy in a research note on Monday, December 2nd. They set a "buy" rating and a $227.00 target price on the stock. Raymond James dropped their price target on Diamondback Energy from $245.00 to $214.00 and set a "strong-buy" rating for the company in a research note on Wednesday, March 12th. Finally, Wells Fargo & Company cut their price objective on shares of Diamondback Energy from $219.00 to $215.00 and set an "overweight" rating for the company in a report on Wednesday, March 12th. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $209.92.

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Diamondback Energy Price Performance

NASDAQ:FANG traded up $2.51 during trading hours on Thursday, hitting $161.01. 2,042,245 shares of the stock traded hands, compared to its average volume of 1,875,217. The stock has a 50 day moving average price of $160.14 and a 200 day moving average price of $170.13. The company has a quick ratio of 0.42, a current ratio of 0.45 and a debt-to-equity ratio of 0.31. The company has a market cap of $46.60 billion, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of 1.24 and a beta of 1.85. Diamondback Energy has a 1 year low of $137.09 and a 1 year high of $214.50.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FANG. State Street Corp boosted its position in Diamondback Energy by 1.3% in the 3rd quarter. State Street Corp now owns 11,858,555 shares of the oil and natural gas company's stock valued at $2,044,415,000 after buying an additional 149,871 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Diamondback Energy by 11.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,136,645 shares of the oil and natural gas company's stock valued at $1,496,859,000 after purchasing an additional 928,429 shares during the period. Boston Partners grew its stake in Diamondback Energy by 12.4% in the fourth quarter. Boston Partners now owns 5,169,742 shares of the oil and natural gas company's stock worth $849,202,000 after purchasing an additional 571,820 shares in the last quarter. Geode Capital Management LLC grew its stake in Diamondback Energy by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 4,710,165 shares of the oil and natural gas company's stock worth $769,706,000 after purchasing an additional 91,605 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Diamondback Energy by 13.7% during the 4th quarter. Bank of New York Mellon Corp now owns 4,163,070 shares of the oil and natural gas company's stock worth $682,036,000 after purchasing an additional 502,916 shares during the period. 90.01% of the stock is currently owned by institutional investors.

Insider Activity at Diamondback Energy

In other Diamondback Energy news, Director Frank D. Tsuru bought 2,000 shares of Diamondback Energy stock in a transaction on Friday, February 28th. The shares were acquired at an average price of $156.51 per share, for a total transaction of $313,020.00. Following the completion of the purchase, the director now directly owns 5,730 shares in the company, valued at approximately $896,802.30. This trade represents a 53.62 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.48% of the stock is owned by company insiders.

Diamondback Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, March 6th were paid a dividend of $1.00 per share. This is a positive change from Diamondback Energy's previous quarterly dividend of $0.90. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Thursday, March 6th. Diamondback Energy's dividend payout ratio (DPR) is currently 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.