Diamondback Energy (NASDAQ:FANG) Given New $260.00 Price Target at UBS Group

Diamondback Energy (NASDAQ:FANG) had its price objective lifted by research analysts at UBS Group from $256.00 to $260.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the oil and natural gas company’s stock. UBS Group‘s price target suggests a potential upside of 42.17% from the company’s previous close.

Several other equities research analysts have also recently commented on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a $215.00 price objective (up from $205.00) on shares of Diamondback Energy in a research report on Sunday, October 11th. Wells Fargo & Company dropped their price target on Diamondback Energy from $263.00 to $244.00 and set an “overweight” rating on the stock in a research note on Wednesday. Capital One Financial lifted their price target on Diamondback Energy from $272.00 to $283.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Susquehanna increased their price objective on Diamondback Energy from $255.00 to $265.00 in a report on Wednesday, August 5th. Finally, Morgan Stanley lifted their target price on Diamondback Energy from $216.00 to $222.00 and gave the company an “equal weight” rating in a research report on Thursday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Diamondback Energy presently has a consensus rating of “Moderate Buy” and an average target price of $228.29.

Diamondback Energy Stock Down 4.9%

FANG traded down $9.46 during trading on Wednesday, reaching $182.88. The company had a trading volume of 3,452,530 shares, compared to its average volume of 2,594,959. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.47 and a quick ratio of 0.45. Diamondback Energy has a 12 month low of $137.03 and a 12 month high of $216.90. The business’s fifty day moving average price is $196.89 and its 200 day moving average price is $189.50. The company has a market cap of $51.21 billion, a P/E ratio of 25.02 and a beta of 0.49.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Monday, November 2nd. The oil and natural gas company reported $5.86 earnings per share for the quarter, beating the consensus estimate of $5.72 by $0.14. Diamondback Energy had a net margin of 11.03% and a return on equity of 11.99%. The company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $4.60 billion. During the same quarter in the prior year, the company earned $3.08 earnings per share. The business’s quarterly revenue was up 38.4% compared to the same quarter last year. Equities analysts anticipate that Diamondback Energy will post 21.49 EPS for the current year.

Insider Activity

In other news, Director Travis Stice sold 75,000 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $204.31, for a total transaction of $15,323,250.00. Following the completion of the transaction, the director directly owned 49,727 shares in the company, valued at $10,159,723.37. This represents a 60.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Charles Meloy sold 33,333 shares of the stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $183.74, for a total transaction of $6,124,605.42. Following the transaction, the director owned 759,864 shares of the company’s stock, valued at approximately $139,617,411.36. This represents a 4.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Cedar Mountain Advisors LLC bought a new position in Diamondback Energy in the first quarter valued at about $26,000. Meeder Asset Management Inc. acquired a new position in Diamondback Energy during the second quarter worth about $28,000. Laurel Wealth Advisors LLC bought a new position in shares of Diamondback Energy in the third quarter worth about $32,000. Burkett Financial Services LLC bought a new position in shares of Diamondback Energy in the third quarter worth about $32,000. Finally, Global Assets Advisory LLC bought a new position in shares of Diamondback Energy in the first quarter worth about $40,000. 90.01% of the stock is owned by institutional investors and hedge funds.

More Diamondback Energy News

Here are the key news stories impacting Diamondback Energy this week:

• Positive Sentiment: Diamondback beat third-quarter earnings and revenue expectations, with higher production and realized oil prices supporting cash flow. The company also raised its 2026 production outlook and increased its dividend. Diamondback Q3 Earnings Beat on Higher Oil Prices and Production
• Positive Sentiment: Truist raised its price target to $232 from $224 and maintained a Buy rating, citing potential upside. Truist Securities Adjusts Diamondback Energy Price Target
• Neutral Sentiment: Management described a disciplined Permian plan, including steady production plans for next year and expanded Barnett development. That supports cost control, though the reports offer no near-term production acceleration signal. Diamondback to Keep Production Plans Steady Going Into Next Year
• Negative Sentiment: Wells Fargo lowered its price target to $244 from $263, while keeping an Overweight rating. Separately, coverage of the dividend highlights that its sustainability depends on free cash flow and could be pressured if crude prices fall. Wells Fargo Diamondback Energy Rating Diamondback Energy Dividend Coverage

Diamondback Energy Company Profile

Diamondback Energy, Inc is an independent oil and natural gas company engaged in the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves. The company’s operations are concentrated in the Permian Basin of West Texas and southeastern New Mexico, particularly the Midland and Delaware Basins.

Diamondback produces crude oil, natural gas and natural gas liquids from horizontal wells and related infrastructure. Its activities include drilling and completing wells, operating gathering and processing assets, and managing midstream services that support production.