Diamondback Energy (NASDAQ:FANG) Price Target Raised to $248.00 at Piper Sandler

Diamondback Energy (NASDAQ:FANG) had its price objective lifted by investment analysts at Piper Sandler from $215.00 to $248.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the oil and natural gas company’s stock. Piper Sandler’s price objective would indicate a potential upside of 37.08% from the company’s current price.

A number of other equities research analysts have also recently issued reports on FANG. Wall Street Zen cut shares of Diamondback Energy from a “hold” rating to a “sell” rating in a report on Saturday, December 27th. Mizuho lifted their price target on Diamondback Energy from $194.00 to $205.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. Sanford C. Bernstein decreased their price objective on Diamondback Energy from $199.00 to $190.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Morgan Stanley cut their target price on Diamondback Energy from $183.00 to $171.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Finally, Roth Mkm reaffirmed a “buy” rating and set a $180.00 target price on shares of Diamondback Energy in a report on Tuesday, February 24th. Two analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $191.67.

Diamondback Energy Stock Performance

NASDAQ:FANG traded up $4.28 on Thursday, reaching $180.92. 2,024,387 shares of the company’s stock were exchanged, compared to its average volume of 2,690,301. The firm has a market cap of $51.03 billion, a price-to-earnings ratio of 32.30 and a beta of 0.59. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.42 and a quick ratio of 0.40. The stock has a fifty day simple moving average of $163.00 and a 200-day simple moving average of $151.99. Diamondback Energy has a 52 week low of $114.00 and a 52 week high of $186.65.

Diamondback Energy (NASDAQ:FANG) last posted 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). The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.41 billion. Diamondback Energy had a net margin of 11.07% and a return on equity of 8.08%. The business’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period last year, the firm earned $3.67 EPS. As a group, sell-side analysts predict that Diamondback Energy will post 15.49 earnings per share for the current year.

Insider Buying and Selling at Diamondback Energy

In other Diamondback Energy news, Director Charles Alvin Meloy sold 7,857 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $183.27, for a total value of $1,439,952.39. Following the completion of the transaction, the director owned 974,149 shares of the company’s stock, valued at $178,532,287.23. The trade was a 0.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Travis D. Stice sold 36,043 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $181.08, for a total transaction of $6,526,666.44. Following the completion of the transaction, the chairman directly owned 123,745 shares in the company, valued at $22,407,744.60. The trade was a 22.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,168,462 shares of company stock worth $192,197,747 over the last three months. 0.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vise Technologies Inc. bought a new stake in Diamondback Energy during the second quarter worth about $962,000. National Pension Service increased its position in shares of Diamondback Energy by 0.6% during the 2nd quarter. National Pension Service now owns 338,131 shares of the oil and natural gas company’s stock valued at $46,459,000 after purchasing an additional 2,005 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Diamondback Energy by 13.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 53,795 shares of the oil and natural gas company’s stock valued at $7,391,000 after buying an additional 6,420 shares in the last quarter. ABC Arbitrage SA purchased a new position in shares of Diamondback Energy during the 2nd quarter valued at about $317,000. Finally, Geode Capital Management LLC lifted its position in Diamondback Energy by 2.7% in the 2nd quarter. Geode Capital Management LLC now owns 5,441,649 shares of the oil and natural gas company’s stock worth $746,526,000 after buying an additional 142,649 shares during the last quarter. Institutional investors own 90.01% of the company’s stock.

Key Stories Impacting Diamondback Energy

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

• Positive Sentiment: Goldman Sachs raised its price target to $212 and reiterated a Buy rating, providing institutional support and an analyst-driven upside narrative for the stock. Goldman Sachs price target raise
• Positive Sentiment: Diamondback raised its quarterly dividend to $1.05 (from $1.00), increasing yield and returning more cash to shareholders — a constructive signal for income-focused investors. Dividend increase (MarketBeat)
• Neutral Sentiment: Zacks released mixed model updates: near-term (Q1–Q3 FY2026) EPS estimates were trimmed while some later-quarter and FY2027 estimates were raised, leaving earnings visibility mixed and contributing to uncertainty about the timing of any recovery. Zacks Research Forecasts
• Neutral Sentiment: Reported short-interest prints are effectively zero or inconsistent (days-to-cover ~0.0), suggesting limited short-covering dynamics are affecting today’s move; data may be a reporting artifact.
• Negative Sentiment: SGF FANG Holdings priced an underwritten secondary offering of 11,000,000 shares (~$1.9B gross proceeds). Diamondback receives no proceeds — the large incremental supply from the largest shareholder is a primary downward pressure on the stock. Secondary offering priced (GlobeNewswire)
• Negative Sentiment: Multiple senior insiders disclosed sizable stock sales (Chairman Travis Stice and Director Charles Meloy among them). While sales can be for personal/liquidity reasons, clustered insider selling alongside the large shareholder offering heightens dilution/sentiment concerns. Insider sale filings (SEC)
• Negative Sentiment: Press coverage highlights executive selling during the prior rally and frames the equity raise amid softer oil/gas prices as a test of the company’s post‑merger capital allocation story, reinforcing bearish sentiment. Executives sold into rally (MarketWatch)

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.