Zacks Research Issues Positive Forecast for FANG Earnings

Diamondback Energy, Inc. (NASDAQ:FANG) – Zacks Research lifted their Q3 2026 EPS estimates for Diamondback Energy in a research report issued on Thursday, September 17th. Zacks Research analyst Team now anticipates 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 currently 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.

A number of other brokerages have also weighed in on FANG. Jefferies Financial Group reissued a “hold” rating and issued a $205.00 price objective on shares of Diamondback Energy in a report on Sunday, August 9th. Wall Street Zen upgraded shares of Diamondback Energy from a “hold” rating to a “buy” rating in a report on Sunday, September 13th. UBS Group lifted their price objective on shares of Diamondback Energy from $243.00 to $253.00 and gave the company a “buy” rating in a research note on Monday, September 14th. Wolfe Research reiterated an “outperform” rating and issued a $206.00 price objective on shares of Diamondback Energy in a research note on Tuesday, August 4th. Finally, Stifel Nicolaus assumed coverage on shares of Diamondback Energy in a research report on Thursday, September 10th. They set a “buy” rating and a $259.00 target price for the company. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Diamondback Energy presently has an average rating of “Moderate Buy” and a consensus target price of $226.33.

Diamondback Energy Price Performance

Shares of FANG opened at $189.27 on Monday. 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’s fifty day moving average price is $199.64 and its 200-day moving average price is $193.95. Diamondback Energy has a 1-year low of $136.13 and a 1-year high of $216.90. The firm has a market capitalization of $53.00 billion, a PE ratio of 36.89 and a beta of 0.43.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Monday, August 3rd. The oil and natural gas company reported $6.48 earnings per share for the quarter, topping the consensus estimate of $6.08 by $0.40. The company had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $4.89 billion. Diamondback Energy had a net margin of 8.58% and a return on equity of 10.10%. Diamondback Energy’s revenue was up 51.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.38 EPS.

Diamondback Energy Dividend Announcement

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

Insider Transactions at Diamondback Energy

In related news, Director Travis Stice sold 75,000 shares of Diamondback Energy stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $204.31, for a total value of $15,323,250.00. Following the completion of the transaction, the director owned 49,727 shares in the company, valued at $10,159,723.37. The trade was a 60.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles Meloy sold 33,333 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $198.41, for a total value of $6,613,600.53. Following the transaction, the director owned 818,197 shares in the company, valued at $162,338,466.77. This represents a 3.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is owned by company insiders.

Hedge Funds Weigh In On Diamondback Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Talon Private Wealth LLC lifted its stake in Diamondback Energy by 19.8% in the 2nd quarter. Talon Private Wealth LLC now owns 12,075 shares of the oil and natural gas company’s stock valued at $2,122,000 after buying an additional 1,993 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Diamondback Energy by 3.2% during the second quarter. The Manufacturers Life Insurance Company now owns 150,826 shares of the oil and natural gas company’s stock valued at $26,512,000 after acquiring an additional 4,686 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Diamondback Energy by 3.5% in the second quarter. Sequoia Financial Advisors LLC now owns 7,686 shares of the oil and natural gas company’s stock valued at $1,351,000 after acquiring an additional 259 shares in the last quarter. MCF Advisors LLC boosted its stake in shares of Diamondback Energy by 11.6% in the second quarter. MCF Advisors LLC now owns 1,987 shares of the oil and natural gas company’s stock worth $349,000 after acquiring an additional 207 shares during the last quarter. Finally, Allworth Financial LP increased its position in shares of Diamondback Energy by 43.3% during the second quarter. Allworth Financial LP now owns 11,812 shares of the oil and natural gas company’s stock worth $2,076,000 after purchasing an additional 3,568 shares in the last quarter. 90.01% of the stock is owned by hedge funds and other institutional investors.

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.