Diamondback Energy (NASDAQ:FANG) Given New $244.00 Price Target at Wells Fargo & Company

Diamondback Energy (NASDAQ:FANG) had its price objective lowered by research analysts at Wells Fargo & Company from $263.00 to $244.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the oil and natural gas company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 26.86% from the company’s previous close.

A number of other research firms have also recently commented on FANG. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Diamondback Energy in a research note on Thursday, September 17th. Roth Capital increased their price objective on shares of Diamondback Energy from $205.00 to $212.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Wolfe Research reissued an “outperform” rating and issued a $206.00 price objective on shares of Diamondback Energy in a research note on Tuesday, August 4th. Jefferies Financial Group restated a “hold” rating and set a $215.00 target price (up from $205.00) on shares of Diamondback Energy in a research report on Sunday, October 11th. Finally, Truist Financial boosted their target price on Diamondback Energy from $220.00 to $224.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $227.75.

Diamondback Energy Stock Down 3.7%

Shares of FANG opened at $192.34 on Wednesday. The company has a quick ratio of 0.45, a current ratio of 0.47 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average of $196.89 and a 200 day moving average of $189.50. The company has a market cap of $53.86 billion, a PE ratio of 26.31 and a beta of 0.49. Diamondback Energy has a 52-week low of $137.03 and a 52-week high of $216.90.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Monday, November 2nd. The oil and natural gas company reported $5.86 earnings per share for the quarter, beating analysts’ consensus estimates of $5.72 by $0.14. Diamondback Energy had a net margin of 11.03% and a return on equity of 11.99%. The business had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $4.60 billion. During the same quarter in the previous year, the business posted $3.08 earnings per share. The business’s revenue was up 38.4% compared to the same quarter last year. On average, sell-side analysts expect that Diamondback Energy will post 21.49 EPS for the current year.

Insider Buying and Selling at Diamondback Energy

In other news, Director Charles Meloy sold 33,333 shares of the business’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $183.74, for a total transaction of $6,124,605.42. Following the completion of the sale, the director directly owned 759,864 shares of the company’s stock, valued at approximately $139,617,411.36. The trade was a 4.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Travis Stice sold 75,000 shares of the business’s stock in a transaction 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 sale, the director directly owned 49,727 shares of the company’s stock, valued at $10,159,723.37. This represents a 60.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.64% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Diamondback Energy

Large investors have recently added to or reduced their stakes in the stock. StoneRidge PMG Advisors LLC purchased a new position in shares of Diamondback Energy during the third quarter worth approximately $444,000. Brighton Jones LLC boosted its holdings in shares of Diamondback Energy by 2.9% in the third quarter. Brighton Jones LLC now owns 2,835 shares of the oil and natural gas company’s stock valued at $521,000 after purchasing an additional 81 shares during the period. Candriam S.C.A. boosted its holdings in shares of Diamondback Energy by 65.8% in the third quarter. Candriam S.C.A. now owns 40,147 shares of the oil and natural gas company’s stock valued at $7,406,000 after purchasing an additional 15,933 shares during the period. Ethic Inc. boosted its holdings in shares of Diamondback Energy by 10.6% in the third quarter. Ethic Inc. now owns 6,068 shares of the oil and natural gas company’s stock valued at $1,115,000 after purchasing an additional 581 shares during the period. Finally, Buckhead Capital Management LLC boosted its holdings in shares of Diamondback Energy by 10.5% in the third quarter. Buckhead Capital Management LLC now owns 18,912 shares of the oil and natural gas company’s stock valued at $3,476,000 after purchasing an additional 1,800 shares during the period. 90.01% of the stock is owned by hedge funds and other institutional investors.

Diamondback Energy News Summary

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

• Positive Sentiment: Diamondback beat third-quarter estimates, reporting adjusted EPS of $5.86 versus $5.72 expected and revenue of $5.43 billion, up 38.4% year over year. Production averaged 525,000 barrels of oil per day, and free cash flow was $2.1 billion. Reuters article
• Positive Sentiment: The company raised its base dividend 7.3% to $1.18 quarterly ($4.72 annualized), and returned capital through $251 million in share repurchases. It also reported $2.2 billion in adjusted free cash flow. Company results and dividend announcement
• Positive Sentiment: Management raised its 2026 production outlook and highlighted operational efficiencies and AI-driven cost plans. Truist also lifted its price target to $232 from $224, adding a supportive analyst signal. Production outlook article Truist price target article
• Neutral Sentiment: The CEO said production plans will remain steady into next year. Diamondback plans to operate 19–20 rigs and five frac crews while focusing on low reinvestment rates and expanding full-field development of its Barnett holdings—signaling capital discipline, but not a major near-term production acceleration. CEO production plans article
• Negative Sentiment: Despite the earnings beat, one report noted FANG fell 4.5% on earnings day, indicating investors may have been looking for more than the reported results or outlook. Commentary on the dividend also cautions that payout resilience depends on free cash flow and oil prices. Earnings-day share move article Dividend coverage article

About Diamondback Energy

Diamondback Energy, Inc is an independent oil and natural gas company engaged in the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves. The company’s operations are concentrated in the Permian Basin of West Texas and southeastern New Mexico, particularly the Midland and Delaware Basins.

Diamondback produces crude oil, natural gas and natural gas liquids from horizontal wells and related infrastructure. Its activities include drilling and completing wells, operating gathering and processing assets, and managing midstream services that support production.