Capital One Financial Predicts FANG FY2025 Earnings

Key Points

• Capital One Financial has downgraded Diamondback Energy's FY2025 earnings estimate to $13.42 per share, down from a previous forecast of $13.91, while the consensus estimate is $15.49.
• Despite a quarterly earnings report showing a revenue increase of 48.1% year-over-year, Diamondback Energy missed the earnings consensus by $0.05 per share.
• The company recently announced a quarterly dividend of $1.00 per share, representing an annualized dividend of $4.00 and a yield of 2.7%.

Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) - Capital One Financial lowered their FY2025 earnings estimates for shares of Diamondback Energy in a report issued on Friday, October 3rd. Capital One Financial analyst B. Velie now anticipates that the oil and natural gas company will earn $13.42 per share for the year, down from their prior forecast of $13.91. The consensus estimate for Diamondback Energy's current full-year earnings is $15.49 per share.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The oil and natural gas company reported $2.67 earnings per share for the quarter, missing the consensus estimate of $2.72 by ($0.05). Diamondback Energy had a return on equity of 9.48% and a net margin of 27.25%.The firm had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the previous year, the business earned $4.52 EPS. The firm's revenue was up 48.1% compared to the same quarter last year.

FANG has been the topic of several other reports. Scotiabank reiterated an "outperform" rating on shares of Diamondback Energy in a report on Friday, July 11th. Melius assumed coverage on Diamondback Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $213.00 price objective on the stock. Weiss Ratings reissued a "hold (c-)" rating on shares of Diamondback Energy in a research note on Saturday, September 27th. Wells Fargo & Company raised their target price on shares of Diamondback Energy from $210.00 to $211.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Finally, Melius Research started coverage on shares of Diamondback Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $213.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $192.41.

Diamondback Energy Trading Up 3.0%

Shares of NASDAQ FANG opened at $147.47 on Monday. Diamondback Energy has a twelve month low of $114.00 and a twelve month high of $200.47. The stock has a market cap of $42.69 billion, a price-to-earnings ratio of 10.48 and a beta of 1.04. The company has a quick ratio of 0.52, a current ratio of 0.55 and a debt-to-equity ratio of 0.35. The company's fifty day moving average is $142.86 and its 200-day moving average is $141.41.

Diamondback Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $4.00 annualized dividend and a dividend yield of 2.7%. Diamondback Energy's payout ratio is presently 28.43%.

Insider Activity at Diamondback Energy

In other news, Chairman Travis D. Stice sold 20,400 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $142.80, for a total transaction of $2,913,120.00. Following the completion of the sale, the chairman owned 102,145 shares in the company, valued at $14,586,306. The trade was a 16.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.70% of the company's stock.

Institutional Trading of Diamondback Energy

Several institutional investors have recently added to or reduced their stakes in FANG. Aaron Wealth Advisors LLC lifted its holdings in shares of Diamondback Energy by 7.0% during the third quarter. Aaron Wealth Advisors LLC now owns 1,709 shares of the oil and natural gas company's stock worth $245,000 after buying an additional 112 shares in the last quarter. Shorepoint Capital Partners LLC bought a new position in Diamondback Energy during the third quarter worth about $3,896,000. GAMMA Investing LLC increased its position in Diamondback Energy by 6.1% during the third quarter. GAMMA Investing LLC now owns 5,748 shares of the oil and natural gas company's stock worth $823,000 after acquiring an additional 332 shares during the period. Corient Private Wealth LLC raised its stake in Diamondback Energy by 4.8% in the 2nd quarter. Corient Private Wealth LLC now owns 22,298 shares of the oil and natural gas company's stock worth $3,064,000 after purchasing an additional 1,021 shares in the last quarter. Finally, Valeo Financial Advisors LLC boosted its holdings in Diamondback Energy by 7.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,494 shares of the oil and natural gas company's stock valued at $343,000 after purchasing an additional 183 shares during the period. 90.01% of the stock is currently owned by institutional investors.

About Diamondback Energy

Diamondback Energy, Inc, an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.

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