Equities Analysts Offer Predictions for FANG FY2026 Earnings

Diamondback Energy, Inc. (NASDAQ:FANG) – Equities researchers at Zacks Research upped their FY2026 EPS estimates for Diamondback Energy in a research report issued on Monday, May 18th. Zacks Research analyst Team now anticipates that the oil and natural gas company will post earnings per share of $18.24 for the year, up from their previous forecast of $16.89. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Diamondback Energy’s current full-year earnings is $18.93 per share. Zacks Research also issued estimates for Diamondback Energy’s Q1 2027 earnings at $4.17 EPS, Q2 2027 earnings at $3.86 EPS, Q3 2027 earnings at $4.25 EPS, Q4 2027 earnings at $3.73 EPS, Q1 2028 earnings at $3.41 EPS and FY2028 earnings at $14.31 EPS.

Several other analysts also recently issued reports on FANG. Benchmark downgraded shares of Diamondback Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 5th. Morgan Stanley raised their price objective on shares of Diamondback Energy from $220.00 to $224.00 and gave the stock an “overweight” rating in a research note on Friday, April 17th. Susquehanna raised their price objective on shares of Diamondback Energy from $231.00 to $245.00 and gave the stock a “positive” rating in a research note on Wednesday, May 6th. Sanford C. Bernstein raised their target price on shares of Diamondback Energy from $237.00 to $241.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Finally, Scotiabank raised their target price on shares of Diamondback Energy from $175.00 to $195.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Five analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $219.00.

Diamondback Energy Stock Down 1.7%

Shares of NASDAQ FANG opened at $204.33 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.56 and a quick ratio of 0.55. The company has a market cap of $57.48 billion, a P/E ratio of 237.60 and a beta of 0.46. Diamondback Energy has a 1 year low of $132.20 and a 1 year high of $214.51. The firm has a 50-day simple moving average of $193.23 and a two-hundred day simple moving average of $169.27.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Monday, May 4th. The oil and natural gas company reported $4.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.74 by $0.49. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $3.83 billion. Diamondback Energy had a net margin of 1.87% and a return on equity of 7.76%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $4.54 earnings per share.

Diamondback Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from Diamondback Energy’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Thursday, May 14th. Diamondback Energy’s dividend payout ratio is 511.63%.

Insider Buying and Selling at Diamondback Energy

In other news, 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 transaction of $950,000.00. Following the transaction, the chief accounting officer directly owned 107,755 shares of the company’s stock, valued at approximately $20,473,450. This trade represents a 4.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven E. West sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $188.35, for a total transaction of $1,130,100.00. Following the transaction, the director directly owned 4,484 shares in the company, valued at approximately $844,561.40. This trade represents a 57.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 169,321 shares of company stock valued at $31,055,475. 0.64% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Diamondback Energy

A number of institutional investors have recently modified their holdings of FANG. Western Wealth Management LLC purchased a new position in Diamondback Energy during the first quarter valued at approximately $970,000. Bank of America Corp DE increased its holdings in Diamondback Energy by 4.5% during the first quarter. Bank of America Corp DE now owns 1,368,069 shares of the oil and natural gas company’s stock valued at $270,590,000 after buying an additional 59,023 shares during the period. Financial Insights Inc. purchased a new position in Diamondback Energy during the first quarter valued at approximately $206,000. Janus Henderson Group PLC increased its holdings in Diamondback Energy by 1.6% during the first quarter. Janus Henderson Group PLC now owns 72,967 shares of the oil and natural gas company’s stock valued at $14,430,000 after buying an additional 1,165 shares during the period. Finally, Strategic Investment Advisors MI increased its holdings in Diamondback Energy by 69.0% during the first quarter. Strategic Investment Advisors MI now owns 10,624 shares of the oil and natural gas company’s stock valued at $2,101,000 after buying an additional 4,336 shares during the period. 90.01% of the stock is owned by hedge funds and other institutional investors.

Diamondback Energy News Roundup

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

• Positive Sentiment: Zacks Research raised earnings estimates for Diamondback Energy for Q2, Q3, Q4 2026 and FY2027, and kept a Strong-Buy rating, signaling confidence in the company’s profit outlook. Diamondback Energy earnings estimate updates
• Positive Sentiment: Bernstein reiterated an Outperform rating and raised its price target to $241, suggesting Wall Street still sees upside if oil supply concerns keep crude prices firm. Bernstein reiterates outperform on Diamondback Energy
• Positive Sentiment: Multiple articles highlighted that WTI crude remains above $100 and that Permian producers like Diamondback may benefit from strong commodity pricing and efficiency gains, which supports upstream earnings expectations. Oil remains above 100 Permian stocks article
• Positive Sentiment: Diamondback announced a planned leadership transition with board backing, which can reduce uncertainty if investors view it as orderly and strategic. Leadership transition announcement
• Neutral Sentiment: Brokerage-summary articles repeatedly cited Diamondback as a low-beta energy name and one that screens well for steadier portfolios, but these pieces were largely general commentary rather than new company-specific catalysts.
• Neutral Sentiment: A MarketWatch note said Diamondback outperformed peers despite losses in the broader session, indicating relative resilience rather than a new fundamental catalyst. MarketWatch stock outperforms competitors

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.