Diamondback Energy (NASDAQ:FANG) Price Target Raised to $255.00

Diamondback Energy (NASDAQ:FANG) had its price target increased by Raymond James Financial from $248.00 to $255.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a strong-buy rating on the oil and natural gas company’s stock.

FANG has been the topic of a number of other reports. Susquehanna boosted their price target on Diamondback Energy from $245.00 to $255.00 and gave the stock a “positive” rating in a research report on Tuesday, July 21st. Mizuho raised their price objective on Diamondback Energy from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Morgan Stanley reiterated an “equal weight” rating and set a $216.00 price objective on shares of Diamondback Energy in a research note on Wednesday, August 19th. Weiss Ratings raised Diamondback Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 31st. Finally, Truist Financial increased their target price on Diamondback Energy from $220.00 to $224.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $226.33.

Diamondback Energy Stock Down 2.3%

Shares of Diamondback Energy stock opened at $192.42 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.47 and a quick ratio of 0.45. The company has a 50-day moving average of $199.69 and a 200 day moving average of $193.77. The firm has a market cap of $53.88 billion, a price-to-earnings ratio of 37.51 and a beta of 0.43. Diamondback Energy has a 1 year low of $136.13 and a 1 year high of $216.90.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Monday, August 3rd. The oil and natural gas company reported $6.48 EPS for the quarter, topping the consensus estimate of $6.08 by $0.40. The business had revenue of $5.56 billion for the quarter, compared to analyst estimates of $4.89 billion. Diamondback Energy had a net margin of 8.58% and a return on equity of 10.10%. Diamondback Energy’s quarterly revenue was up 51.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.38 earnings per share. As a group, sell-side analysts anticipate that Diamondback Energy will post 20.33 earnings per share for the current fiscal year.

Diamondback Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 13th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, August 13th. Diamondback Energy’s dividend payout ratio (DPR) is presently 85.77%.

Insider Activity at Diamondback Energy

In other news, Director Charles Meloy sold 33,333 shares of the business’s 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 completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Travis Stice sold 75,000 shares of the stock in a transaction that occurred 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 transaction, the director owned 49,727 shares in the company, valued at approximately $10,159,723.37. This trade represents a 60.13% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.64% of the stock is owned by insiders.

Institutional Investors Weigh In On Diamondback Energy

Large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Diamondback Energy during the 2nd quarter valued at $3,303,362,000. Wellington Management Group LLP boosted its holdings in Diamondback Energy by 31.3% in the 2nd quarter. Wellington Management Group LLP now owns 16,420,247 shares of the oil and natural gas company’s stock worth $2,886,351,000 after buying an additional 3,918,943 shares during the period. Geode Capital Management LLC boosted its stake 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 worth $844,073,000 after acquiring an additional 14,625 shares during the period. Bank of New York Mellon Corp grew its position in shares of Diamondback Energy by 11.5% during the fourth quarter. Bank of New York Mellon Corp now owns 5,159,365 shares of the oil and natural gas company’s stock worth $775,607,000 after purchasing an additional 532,756 shares in the last quarter. Finally, Capital Research Global Investors grew its position in shares of Diamondback Energy by 14.1% during the fourth quarter. Capital Research Global Investors now owns 4,332,885 shares of the oil and natural gas company’s stock worth $651,363,000 after purchasing an additional 534,073 shares in the last quarter. 90.01% of the stock is currently owned by institutional investors.

Key Stories Impacting Diamondback Energy

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

• Positive Sentiment: Raymond James raised its price target for Diamondback Energy from $248 to $255 and upgraded the stock to “Strong Buy,” implying substantial upside from recent levels. Raymond James price-target upgrade
• Positive Sentiment: Potentially tighter global energy supplies resulting from proposed 2026 sanctions on buyers of Russian oil and gas could support crude prices and benefit U.S. producers such as Diamondback Energy. The article identifies FANG among oil-and-gas stocks that could attract investor attention if energy prices rise. 3 Oil And Gas Stocks For Higher Energy Prices On Russia Sanctions
• Neutral Sentiment: Zacks Research made only minor changes to its forecasts: Q2 2027 EPS was trimmed to $3.76 from $3.77, Q2 2028 EPS was increased to $4.38 from $4.37, and FY2028 EPS was raised to $15.40 from $15.37. Zacks maintained a “Hold” rating, indicating limited immediate fundamental change.
• Negative Sentiment: SGF Fang Holdings, an investment vehicle linked to billionaire Lyndal Stephens Greth, sold more than 9 million Diamondback Energy shares worth approximately $2 billion. The transaction creates a significant supply overhang and may raise concerns about insider confidence, even though the stock reportedly held up despite the sale. Diamondback Insider Sells $2 Billion of Stock

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.