Diamondback Energy (NASDAQ:FANG) Stock Price Expected to Rise, Truist Financial Analyst Says

Key Points

• Truist raised its price target on Diamondback Energy to $232 from $224 and reiterated a Buy rating, implying 24.79% upside from the prior close. Analysts’ consensus rating is Moderate Buy, with an average target of $228.04.
• Diamondback reported quarterly EPS of $5.86 and revenue of $5.43 billion, beating analyst estimates; revenue rose 38.4% year over year.
• The company raised its 2026 production outlook, increased its annual base dividend by 7.3% to $4.72 per share, and repurchased about $251 million of stock.

Diamondback Energy (NASDAQ:FANG - Get Free Report) had its price objective raised by analysts at Truist Financial from $224.00 to $232.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the oil and natural gas company's stock. Truist Financial's target price indicates a potential upside of 24.79% from the company's previous close.

Several other research analysts have also weighed in on FANG. The Goldman Sachs Group cut their target price on Diamondback Energy from $220.00 to $215.00 and set a "buy" rating on the stock in a research report on Thursday, October 1st. Seaport Research Partners initiated coverage on shares of Diamondback Energy in a report on Thursday, September 3rd. They issued a "neutral" rating for the company. Morgan Stanley increased their price objective on shares of Diamondback Energy from $216.00 to $222.00 and gave the stock an "equal weight" rating in a report on Thursday, October 15th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Diamondback Energy in a research note on Thursday, September 17th. Finally, Barclays decreased their price target on shares of Diamondback Energy from $232.00 to $221.00 and set an "overweight" rating on the stock in a research report on Monday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, Diamondback Energy presently has a consensus rating of "Moderate Buy" and an average price target of $228.04.

Diamondback Energy Price Performance

Diamondback Energy stock traded down $6.43 during trading hours on Wednesday, hitting $185.91. The stock had a trading volume of 635,643 shares, compared to its average volume of 2,580,895. 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 stock has a market capitalization of $52.06 billion, a price-to-earnings ratio of 25.44 and a beta of 0.49. The stock's fifty day moving average is $196.89 and its two-hundred day moving average is $189.50. Diamondback Energy has a 1-year low of $137.03 and a 1-year high of $216.90.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last released its quarterly earnings results on Monday, November 2nd. The oil and natural gas company reported $5.86 EPS for the quarter, beating the consensus estimate of $5.72 by $0.14. The business had revenue of $5.43 billion for the quarter, compared to analyst estimates of $4.60 billion. Diamondback Energy had a net margin of 11.03% and a return on equity of 11.99%. The company's quarterly revenue was up 38.4% on a year-over-year basis. During the same period in the prior year, the business earned $3.08 earnings per share. As a group, analysts predict that Diamondback Energy will post 21.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Charles Meloy sold 33,333 shares of the firm's stock in a transaction on Monday, October 5th. The stock was sold at an average price of $183.74, for a total value of $6,124,605.42. Following the completion of the transaction, the director directly owned 759,864 shares of the company's stock, valued at $139,617,411.36. This trade represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 firm's stock in a transaction dated 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 owned 49,727 shares of the company's stock, valued at approximately $10,159,723.37. This represents a 60.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.64% of the company's stock.

Institutional Investors Weigh In On Diamondback Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. StoneRidge PMG Advisors LLC acquired a new position in shares of Diamondback Energy during the 3rd quarter worth $444,000. Brighton Jones LLC lifted its stake in shares of Diamondback Energy by 2.9% in the 3rd 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 stake in Diamondback Energy by 65.8% during the third quarter. Candriam S.C.A. now owns 40,147 shares of the oil and natural gas company's stock worth $7,406,000 after acquiring an additional 15,933 shares in the last quarter. Ethic Inc. grew its stake in 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 acquiring an additional 581 shares during the period. Finally, Buckhead Capital Management LLC raised its holdings in shares of Diamondback Energy by 10.5% in the 3rd quarter. Buckhead Capital Management LLC now owns 18,912 shares of the oil and natural gas company's stock worth $3,476,000 after acquiring an additional 1,800 shares during the last quarter. 90.01% of the stock is owned by institutional investors and hedge funds.

Diamondback Energy News Roundup

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

• Positive Sentiment: Third-quarter adjusted EPS of $5.86 and revenue of $5.43 billion beat analyst estimates. Production averaged 1.034 million barrels of oil equivalent per day, and free cash flow was $2.1 billion. Reuters report on third-quarter results
• Positive Sentiment: Management raised its 2026 production outlook, citing disciplined spending, improving Barnett well economics and recovery technology. The company also plans expanded full-field development of its Barnett holdings. Zacks earnings-call highlights
• Positive Sentiment: Diamondback increased its annual base dividend 7.3% to $4.72 per share and repurchased about $251 million of stock, signaling cash generation and shareholder returns.
• Positive Sentiment: Truist raised its price target to $232 from $224, reflecting a more favorable analyst view. Truist price-target update
• Negative Sentiment: Wells Fargo lowered its price target to $244 from $263, though it maintained an Overweight rating. The reduction may temper near-term sentiment despite the remaining bullish rating. Wells Fargo rating update

Diamondback Energy Company Profile

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.

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