Zacks Research Issues Optimistic Estimate for FANG Earnings

Diamondback Energy, Inc. (NASDAQ:FANG) – Analysts at Zacks Research upped their Q3 2026 earnings per share estimates for shares of Diamondback Energy in a research report issued on Thursday, September 17th. Zacks Research analyst Team now expects that the oil and natural gas company will earn $2.72 per share for the quarter, up from their previous forecast of $2.70. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Diamondback Energy’s current full-year earnings is $20.33 per share. Zacks Research also issued estimates for Diamondback Energy’s Q4 2026 earnings at $3.14 EPS, FY2026 earnings at $16.58 EPS, Q1 2027 earnings at $4.29 EPS, Q3 2027 earnings at $3.84 EPS, Q4 2027 earnings at $3.10 EPS, FY2027 earnings at $14.99 EPS and Q1 2028 earnings at $3.13 EPS.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Monday, August 3rd. The oil and natural gas company reported $6.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.08 by $0.40. Diamondback Energy had a return on equity of 10.10% and a net margin of 8.58%.The business had revenue of $5.56 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter last year, the business posted $2.38 EPS. The business’s quarterly revenue was up 51.2% compared to the same quarter last year.

FANG has been the subject of several other research reports. Roth Capital set a $212.00 price target on shares of Diamondback Energy and gave the stock a “buy” rating in a report on Monday, June 22nd. Morgan Stanley reaffirmed an “equal weight” rating and set a $216.00 price objective on shares of Diamondback Energy in a research report on Wednesday, August 19th. UBS Group boosted their target price on shares of Diamondback Energy from $243.00 to $253.00 and gave the stock a “buy” rating in a research note on Monday, September 14th. Stephens set a $255.00 target price on shares of Diamondback Energy in a research note on Thursday, September 17th. Finally, Weiss Ratings raised Diamondback Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 31st. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $226.33.

Diamondback Energy Stock Down 2.5%

Shares of NASDAQ:FANG opened at $184.50 on Monday. Diamondback Energy has a fifty-two week low of $137.03 and a fifty-two week high of $216.90. The firm’s 50 day moving average price is $199.52 and its 200 day moving average price is $194.01. The company has a quick ratio of 0.45, a current ratio of 0.47 and a debt-to-equity ratio of 0.25. The stock has a market cap of $51.66 billion, a price-to-earnings ratio of 35.96 and a beta of 0.43.

Institutional Trading of Diamondback Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in FANG. BlackRock Inc. purchased a new position in Diamondback Energy during the 2nd quarter worth approximately $3,303,362,000. Wellington Management Group LLP lifted its stake in Diamondback Energy by 31.3% in the second quarter. Wellington Management Group LLP now owns 16,420,247 shares of the oil and natural gas company’s stock valued at $2,886,351,000 after buying an additional 3,918,943 shares during the last quarter. State Street Corp lifted its stake in Diamondback Energy by 4.2% in the second quarter. State Street Corp now owns 12,562,224 shares of the oil and natural gas company’s stock valued at $2,208,188,000 after buying an additional 510,281 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Diamondback Energy in the second quarter valued at approximately $852,791,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Diamondback Energy by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 5,621,120 shares of the oil and natural gas company’s stock valued at $844,073,000 after acquiring an additional 14,625 shares during the period. Institutional investors and hedge funds own 90.01% of the company’s stock.

Insider Buying and Selling at Diamondback Energy

In related news, Director Charles Meloy sold 33,333 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $198.41, for a total value of $6,613,600.53. Following the completion of the sale, the director directly owned 818,197 shares of the company’s stock, valued at $162,338,466.77. The trade was a 3.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Travis D. Stice sold 75,000 shares of the company’s stock in a transaction on 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 owned 49,727 shares of the company’s stock, valued at $10,159,723.37. This represents a 60.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.64% of the company’s stock.

Diamondback Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 13th were issued a $1.10 dividend. The ex-dividend date was Thursday, August 13th. This represents a $4.40 annualized dividend and a dividend yield of 2.4%. Diamondback Energy’s dividend payout ratio is presently 85.77%.

Diamondback Energy Company Profile

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

Diamondback produces crude oil, natural gas and natural gas liquids. Its activities include drilling and completing horizontal wells, operating gathering and infrastructure assets, and managing mineral and royalty interests through its Viper Energy platform.