Zacks Research Expects Lower Earnings for Diamondback Energy

Diamondback Energy, Inc. (NASDAQ:FANG) – Stock analysts at Zacks Research reduced their Q1 2027 earnings per share (EPS) estimates for Diamondback Energy in a research report issued on Monday, March 9th. Zacks Research analyst Team now forecasts that the oil and natural gas company will earn $2.15 per share for the quarter, down from their previous forecast of $2.24. The consensus estimate for Diamondback Energy’s current full-year earnings is $15.49 per share. Zacks Research also issued estimates for Diamondback Energy’s Q2 2027 earnings at $2.15 EPS and FY2028 earnings at $13.52 EPS.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings results on Monday, February 23rd. The oil and natural gas company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.26). Diamondback Energy had a net margin of 11.07% and a return on equity of 8.08%. The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter in the previous year, the business posted $3.67 EPS. The company’s revenue for the quarter was down 9.0% on a year-over-year basis.

Other research analysts have also recently issued research reports about the company. Morgan Stanley decreased their target price on Diamondback Energy from $183.00 to $171.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. 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. Wall Street Zen lowered shares of Diamondback Energy from a “hold” rating to a “sell” rating in a report on Saturday, December 27th. UBS Group upped their price objective on shares of Diamondback Energy from $194.00 to $216.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, Susquehanna increased their price objective on shares of Diamondback Energy from $182.00 to $199.00 and gave the company a “positive” rating in a research note on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Diamondback Energy presently has an average rating of “Moderate Buy” and an average price target of $189.00.

Diamondback Energy Price Performance

Shares of FANG stock opened at $182.86 on Tuesday. The business has a fifty day simple moving average of $161.93 and a 200 day simple moving average of $151.57. The company has a market cap of $51.58 billion, a P/E ratio of 32.60 and a beta of 0.59. The company has a quick ratio of 0.40, a current ratio of 0.42 and a debt-to-equity ratio of 0.32. Diamondback Energy has a twelve month low of $114.00 and a twelve month high of $186.66.

Diamondback Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, March 5th will be paid a dividend of $1.05 per share. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, March 5th. Diamondback Energy’s payout ratio is 74.87%.

Insider Buying and Selling

In other Diamondback Energy news, Director Charles Alvin Meloy sold 60,605 shares of Diamondback Energy stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $161.12, for a total value of $9,764,677.60. Following the completion of the sale, the director directly owned 982,006 shares in the company, valued at approximately $158,220,806.72. The trade was a 5.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Fang Holdings Lp Sgf sold 1,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $162.88, for a total value of $162,880,000.00. Following the completion of the transaction, the insider directly owned 98,686,727 shares in the company, valued at approximately $16,074,094,093.76. This trade represents a 1.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FANG. Corient Private Wealth LLC boosted its stake in Diamondback Energy by 5.5% during the fourth quarter. Corient Private Wealth LLC now owns 38,871 shares of the oil and natural gas company’s stock worth $5,844,000 after acquiring an additional 2,036 shares in the last quarter. Hsbc Holdings PLC grew its holdings in 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 worth $50,890,000 after purchasing an additional 47,450 shares during the period. Tulsa Wealth Advisors INC bought a new stake in Diamondback Energy in the fourth quarter valued at $973,000. Tobam increased its stake in Diamondback Energy by 3,426.7% in the fourth quarter. Tobam now owns 6,595 shares of the oil and natural gas company’s stock valued at $991,000 after purchasing an additional 6,408 shares in the last quarter. Finally, DGS Capital Management LLC acquired a new position in shares of Diamondback Energy during the fourth quarter valued at about $206,000. Institutional investors and hedge funds own 90.01% of the company’s stock.

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.