Analysts Set Diamondback Energy, Inc. (NASDAQ:FANG) PT at $224.05

Shares of Diamondback Energy, Inc. (NASDAQ:FANG) have been given a consensus rating of “Moderate Buy” by the twenty-five research firms that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and four have given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $226.3333.

A number of analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $205.00 price target on shares of Diamondback Energy in a research report on Sunday, August 9th. Truist Financial raised their price objective on Diamondback Energy from $220.00 to $224.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. UBS Group raised their price objective on Diamondback Energy from $243.00 to $253.00 and gave the company a “buy” rating in a research report on Monday. Wolfe Research restated an “outperform” rating and set a $206.00 price objective on shares of Diamondback Energy in a research note on Tuesday, August 4th. Finally, Wall Street Zen raised Diamondback Energy from a “hold” rating to a “buy” rating in a research report on Sunday, September 13th.

Insider Buying and Selling

In other news, Director Charles Meloy sold 33,333 shares of Diamondback Energy stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $198.41, for a total transaction of $6,613,600.53. Following the sale, the director owned 818,197 shares in the company, valued at $162,338,466.77. This trade represents a 3.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 business’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $204.31, for a total transaction of $15,323,250.00. Following the transaction, the director directly owned 49,727 shares in the company, valued at approximately $10,159,723.37. The trade was a 60.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.64% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Diamondback Energy

A number of large investors have recently added to or reduced their stakes in FANG. Cedar Mountain Advisors LLC purchased a new position in Diamondback Energy in the 1st quarter valued at about $26,000. Meeder Asset Management Inc. purchased a new stake in shares of Diamondback Energy during the second quarter worth about $28,000. Wellington Shields & Co. LLC lifted its stake in shares of Diamondback Energy by 264.7% in the fourth quarter. Wellington Shields & Co. LLC now owns 186 shares of the oil and natural gas company’s stock worth $28,000 after acquiring an additional 135 shares in the last quarter. Global Assets Advisory LLC acquired a new position in shares of Diamondback Energy in the first quarter worth about $40,000. Finally, Lloyd Advisory Services LLC. purchased a new position in Diamondback Energy in the fourth quarter valued at about $31,000. 90.01% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Diamondback Energy

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

• Positive Sentiment: Raymond James raised its price target for FANG from $248 to $255 and upgraded the stock to “strong buy.” The new target implies approximately 29.5% upside from the referenced price, signaling increased analyst confidence in Diamondback’s valuation and operating outlook.
• Neutral Sentiment: Zacks highlighted Diamondback as a strong growth stock based on its style-score framework. However, the article offers a broad screening-based assessment rather than a new company-specific operational or financial catalyst. Why Diamondback Energy Is a Strong Growth Stock
• Negative Sentiment: Diamondback shares declined sharply as crude benchmarks pulled back, weighing on energy producers across the sector. Brent crude fell after a strong rally, while investors also positioned ahead of the Federal Reserve’s interest-rate decision. Lower oil prices can reduce expected cash flow and earnings for upstream producers. Diamondback Energy Stock Slides Wednesday
• Negative Sentiment: A reported $1.9 billion stock sale by an oil heiress and major Diamondback-related shareholder added selling pressure and raised concerns about near-term supply of the shares. Oil Heiress’s Stock Sale Sinks Diamondback Shares

Diamondback Energy Trading Up 1.2%

Shares of FANG stock opened at $196.94 on Friday. The stock has a market cap of $55.15 billion, a price-to-earnings ratio of 38.39 and a beta of 0.43. The company has a quick ratio of 0.45, a current ratio of 0.47 and a debt-to-equity ratio of 0.25. Diamondback Energy has a fifty-two week low of $136.13 and a fifty-two week high of $216.90. The firm’s 50 day moving average price is $199.51 and its two-hundred day moving average price is $193.78.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings data on Monday, August 3rd. The oil and natural gas company reported $6.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.08 by $0.40. Diamondback Energy had a net margin of 8.58% and a return on equity of 10.10%. The company had revenue of $5.56 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same quarter in the prior year, the business earned $2.38 earnings per share. The business’s quarterly revenue was up 51.2% compared to the same quarter last year. On average, analysts anticipate that Diamondback Energy will post 19.94 EPS for the current year.

Diamondback Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 13th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $4.40 annualized dividend and a yield of 2.2%. Diamondback Energy’s payout ratio is 85.77%.

About Diamondback Energy

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.