Capital One Financial Forecasts FANG FY2025 Earnings

Diamondback Energy, Inc. (NASDAQ:FANG) – Research analysts at Capital One Financial dropped their FY2025 earnings per share estimates for Diamondback Energy in a research report issued on Tuesday, November 4th. Capital One Financial analyst B. Velie now anticipates that the oil and natural gas company will post earnings of $13.25 per share for the year, down from their previous estimate of $13.42. The consensus estimate for Diamondback Energy’s current full-year earnings is $15.49 per share.

FANG has been the topic of several other reports. Wells Fargo & Company reduced their price target on Diamondback Energy from $211.00 to $160.00 and set an “overweight” rating on the stock in a research note on Friday, October 17th. Royal Bank Of Canada restated an “outperform” rating and issued a $173.00 price target on shares of Diamondback Energy in a research report on Friday, October 10th. William Blair began coverage on Diamondback Energy in a report on Monday, August 25th. They set an “outperform” rating for the company. Barclays lowered their price objective on Diamondback Energy from $185.00 to $178.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Finally, Scotiabank reissued an “outperform” rating on shares of Diamondback Energy in a research note on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Diamondback Energy presently has an average rating of “Buy” and an average price target of $188.41.

Diamondback Energy Stock Performance

Shares of NASDAQ FANG opened at $137.29 on Thursday. The company has a current ratio of 0.62, a quick ratio of 0.52 and a debt-to-equity ratio of 0.35. The stock’s 50-day moving average is $142.58 and its 200 day moving average is $141.63. The stock has a market cap of $39.74 billion, a price-to-earnings ratio of 9.54 and a beta of 0.99. Diamondback Energy has a 1-year low of $114.00 and a 1-year high of $186.07.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings results on Monday, November 3rd. The oil and natural gas company reported $3.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.94 by $0.14. Diamondback Energy had a return on equity of 9.57% and a net margin of 27.32%.The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter in the prior year, the company posted $3.19 earnings per share. Diamondback Energy’s revenue was up 48.4% compared to the same quarter last year.

Institutional Investors Weigh In On Diamondback Energy

A number of institutional investors have recently added to or reduced their stakes in FANG. Vanguard Group Inc. lifted its stake in Diamondback Energy by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 23,325,287 shares of the oil and natural gas company’s stock valued at $3,204,894,000 after buying an additional 388,512 shares in the last quarter. Boston Partners lifted its position in shares of Diamondback Energy by 2.8% during the second quarter. Boston Partners now owns 5,569,990 shares of the oil and natural gas company’s stock worth $766,914,000 after purchasing an additional 151,150 shares during the last quarter. Geode Capital Management LLC raised its stake in Diamondback Energy by 2.7% during the second quarter. Geode Capital Management LLC now owns 5,441,649 shares of the oil and natural gas company’s stock worth $746,526,000 after acquiring an additional 142,649 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Diamondback Energy by 9.0% in the second quarter. Bank of New York Mellon Corp now owns 4,642,218 shares of the oil and natural gas company’s stock valued at $637,841,000 after purchasing an additional 384,971 shares during the period. Finally, Diamond Hill Capital Management Inc. increased its stake in shares of Diamondback Energy by 4.1% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,932,484 shares of the oil and natural gas company’s stock valued at $468,846,000 after acquiring an additional 114,930 shares during the period. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Diamondback Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $4.00 annualized dividend and a dividend yield of 2.9%. Diamondback Energy’s dividend payout ratio (DPR) is presently 27.80%.

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.