Diamondback Energy (NASDAQ:FANG – Get Free Report) had its target price hoisted by analysts at KeyCorp from $196.00 to $225.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the oil and natural gas company’s stock. KeyCorp’s price target would indicate a potential upside of 18.04% from the company’s current price.
FANG has been the subject of several other reports. UBS Group increased their price target on shares of Diamondback Energy from $194.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. TD Cowen raised Diamondback Energy to a “strong-buy” rating in a report on Monday, February 9th. Truist Financial began coverage on Diamondback Energy in a research note on Tuesday, March 24th. They set a “buy” rating and a $222.00 target price for the company. Wells Fargo & Company raised their price target on Diamondback Energy from $171.00 to $202.00 and gave the company an “overweight” rating in a report on Monday, March 16th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $173.00 price target on shares of Diamondback Energy in a research note on Monday, January 19th. Five analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $201.62.
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Diamondback Energy Stock Performance
Diamondback Energy (NASDAQ:FANG – Get Free Report) last announced its quarterly earnings data on Monday, February 23rd. The oil and natural gas company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.26). Diamondback Energy had a return on equity of 8.08% and a net margin of 11.07%.The firm had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.41 billion. During the same quarter in the previous year, the company posted $3.67 EPS. The firm’s quarterly revenue was down 9.0% compared to the same quarter last year. On average, sell-side analysts expect that Diamondback Energy will post 15.49 EPS for the current year.
Insider Buying and Selling at Diamondback Energy
In related news, EVP Matt Zmigrosky sold 4,101 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $190.51, for a total value of $781,281.51. Following the sale, the executive vice president owned 56,392 shares in the company, valued at $10,743,239.92. This represents a 6.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Teresa L. Dick sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer directly owned 107,755 shares of the company’s stock, valued at $20,473,450. The trade was a 4.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,209,212 shares of company stock worth $199,689,401. Corporate insiders own 0.70% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in FANG. Rockefeller Capital Management L.P. increased its holdings in Diamondback Energy by 35.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 493,958 shares of the oil and natural gas company’s stock valued at $74,257,000 after acquiring an additional 129,603 shares in the last quarter. Meadowbrook Advisors Group LLC purchased a new stake in shares of Diamondback Energy in the fourth quarter valued at about $377,000. Corient Private Wealth LLC lifted its holdings in shares of Diamondback Energy by 5.5% in the fourth quarter. Corient Private Wealth LLC now owns 38,871 shares of the oil and natural gas company’s stock valued at $5,844,000 after purchasing an additional 2,036 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Diamondback Energy by 16.3% in the fourth quarter. Hsbc Holdings PLC now owns 338,577 shares of the oil and natural gas company’s stock valued at $50,890,000 after purchasing an additional 47,450 shares during the last quarter. Finally, Tulsa Wealth Advisors INC purchased a new position in shares of Diamondback Energy during the 4th quarter worth approximately $973,000. Hedge funds and other institutional investors own 90.01% of the company’s stock.
Key Diamondback Energy News
Here are the key news stories impacting Diamondback Energy this week:
- Positive Sentiment: Citi raised its price target for Diamondback to $230, a clear analyst endorsement that can support upside expectations. Citigroup Increases Diamondback Energy Price Target
- Positive Sentiment: Zacks and affiliated outlets are highlighting FANG as a top momentum/ buy candidate and including it in industry buy lists, which can attract momentum-focused flows. Why Diamondback Energy (FANG) is a Top Momentum Stock for the Long-Term
- Positive Sentiment: Zacks’ industry outlook singled out Diamondback among Permian peers, reinforcing positive analyst attention on FANG relative to its group. Zacks Industry Outlook Highlights Diamondback
- Neutral Sentiment: Diamondback scheduled Q1 2026 results and an investor webcast for May 4 (release) and May 5 (call), adding a near-term catalyst and a date for management updates on production, debt and capital allocation. Diamondback Energy Schedules First Quarter 2026 Conference Call
- Neutral Sentiment: Viper Energy (VNOM), Diamondback’s subsidiary, also set its Q1 release and call dates, which matters for consolidated cash flows and investor scrutiny but is largely a scheduling update. Viper Energy Schedules First Quarter 2026 Conference Call
- Neutral Sentiment: Valuation pieces note a clash between fair-value signals and DCF estimates — long-term returns look strong but short-term signals are mixed; this can keep trading choppy as investors debate fair value. A Look At Diamondback Energy’s Valuation
- Negative Sentiment: Short-term selling pressure: recent coverage notes a 1?day decline and a weekly pullback, reflecting near-term profit-taking despite strong 90?day and multi?year returns. That short-term weakness is weighing on the stock. Valuation Signals and Short-Term Weakness
- Negative Sentiment: Broader oil-stock volatility: articles report swings as investors price in a potential de?escalation in the Iran conflict; downside in large integrated names can spill over to producers like Diamondback. Exxon, Chevron, and More Oil Stocks Fall
Diamondback Energy Company Profile
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.
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