Diamondback Energy (NASDAQ:FANG) Price Target Raised to $245.00

Diamondback Energy (NASDAQ:FANG) had its target price lifted by Susquehanna from $231.00 to $245.00 in a research report sent to investors on Wednesday morning, Marketbeat.com reports. Susquehanna currently has a positive rating on the oil and natural gas company’s stock.

Other analysts have also issued research reports about the stock. Mizuho raised their target price on shares of Diamondback Energy from $205.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. KeyCorp lifted their price target on shares of Diamondback Energy from $196.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. UBS Group lifted their price target on shares of Diamondback Energy from $240.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, April 10th. Truist Financial assumed coverage on shares of Diamondback Energy in a report on Tuesday, March 24th. They set a “buy” rating and a $222.00 price target on the stock. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $173.00 price target on shares of Diamondback Energy in a report on Monday, January 19th. Five investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $215.70.

Diamondback Energy Stock Performance

Shares of Diamondback Energy stock opened at $188.70 on Wednesday. Diamondback Energy has a fifty-two week low of $132.20 and a fifty-two week high of $214.51. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.56 and a quick ratio of 0.40. The firm has a market capitalization of $53.08 billion, a P/E ratio of 219.42 and a beta of 0.46. The company’s 50 day moving average price is $188.80 and its two-hundred day moving average price is $165.63.

Diamondback Energy (NASDAQ:FANG) last issued its earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.74 by $0.49. Diamondback Energy had a net margin of 1.87% and a return on equity of 7.76%. The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter last year, the business posted $4.54 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, equities analysts forecast that Diamondback Energy will post 18.84 earnings per share for the current fiscal year.

Diamondback Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from Diamondback Energy’s previous quarterly dividend of $1.05. The ex-dividend date is Thursday, May 14th. Diamondback Energy’s dividend payout ratio (DPR) is presently 488.37%.

Insiders Place Their Bets

In related news, CAO Teresa L. Dick sold 5,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $190.00, for a total value of $950,000.00. Following the transaction, the chief accounting officer owned 107,755 shares in the company, valued at $20,473,450. The trade was a 4.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Matt Zmigrosky sold 20,899 shares of the business’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $180.00, for a total transaction of $3,761,820.00. Following the completion of the transaction, the executive vice president owned 60,493 shares in the company, valued at approximately $10,888,740. The trade was a 25.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 156,464 shares of company stock valued at $28,568,431 over the last quarter. Company insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Diamondback Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cedar Mountain Advisors LLC acquired a new position in Diamondback Energy in the first quarter valued at $26,000. Flagship Harbor Advisors LLC acquired a new position in Diamondback Energy in the fourth quarter valued at $25,000. Laurel Wealth Advisors LLC acquired a new position in Diamondback Energy in the fourth quarter valued at $26,000. Richardson Financial Services Inc. lifted its holdings in Diamondback Energy by 245.1% in the fourth quarter. Richardson Financial Services Inc. now owns 176 shares of the oil and natural gas company’s stock valued at $26,000 after buying an additional 125 shares during the period. Finally, JPL Wealth Management LLC acquired a new position in Diamondback Energy in the third quarter valued at $26,000. Institutional investors and hedge funds own 90.01% of the company’s stock.

More Diamondback Energy News

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

• Positive Sentiment: Diamondback Energy beat Q1 earnings and revenue estimates, boosted 2026 production guidance, and raised its dividend by 5%, signaling stronger operating momentum and returning more cash to shareholders. Diamondback Energy Q1 Earnings Beat Estimates, Dividend Raised
• Positive Sentiment: Barclays raised its price target on FANG to $225 from $190 and kept an Overweight rating after the company’s Q1 report, citing stronger-than-expected production. Barclays Raises its Price Target on Diamondback (FANG) to $225
• Positive Sentiment: Scotiabank lifted FY2026 EPS estimates to $20.60 from $18.60 while maintaining a Sector Outperform rating, reinforcing the view that earnings power remains solid. Diamondback Energy Q1 Earnings Beat Estimates, Dividend Raised
• Neutral Sentiment: Several articles compared Diamondback’s year-to-date performance with other energy stocks and highlighted its low-beta profile, which may appeal to investors seeking steadier exposure during market volatility. Is Diamondback Energy (FANG) Outperforming Other Oils-Energy Stocks This Year?
• Negative Sentiment: Scotiabank also trimmed its FY2027 EPS estimate to $14.35 from $14.50, a small caution that longer-term earnings growth could normalize after the strong near-term outlook. Diamondback Energy Q1 Earnings Beat Estimates, Dividend Raised

About Diamondback Energy

Diamondback Energy, Inc (NASDAQ: FANG) is an independent oil and natural gas company focused on the development, exploration and production of unconventional resources in the Permian Basin. Headquartered in Midland, Texas, the company concentrates its operations in the core Midland and Delaware sub?basins of West Texas and southeastern New Mexico, where it pursues contiguous acreage positions to support repeatable drilling programs.

Diamondback’s activities span the upstream value chain, including leasehold acquisition, well planning, drilling, completion and production optimization.