Diamondback Energy (FANG) to Release Earnings on Monday

Diamondback Energy (NASDAQ:FANG - Get Free Report) is expected to release its Q1 2025 earnings data after the market closes on Monday, May 5th. Analysts expect Diamondback Energy to post earnings of $3.67 per share and revenue of $3.58 billion for the quarter.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last released its earnings results on Tuesday, February 25th. The oil and natural gas company reported $3.64 earnings per share for the quarter, topping analysts' consensus estimates of $3.57 by $0.07. The company had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.55 billion. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. On average, analysts expect Diamondback Energy to post $15 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Diamondback Energy Trading Up 2.1 %

Diamondback Energy stock traded up $2.82 during mid-day trading on Thursday, hitting $134.83. The stock had a trading volume of 2,158,063 shares, compared to its average volume of 2,099,370. The stock has a 50-day simple moving average of $143.60 and a two-hundred day simple moving average of $161.78. The company has a current ratio of 0.45, a quick ratio of 0.42 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $39.65 billion, a PE ratio of 7.72, a P/E/G ratio of 1.24 and a beta of 1.44. Diamondback Energy has a 12 month low of $114.00 and a 12 month high of $214.50.

Diamondback Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend was Thursday, March 6th. This is a positive change from Diamondback Energy's previous quarterly dividend of $0.90. Diamondback Energy's dividend payout ratio (DPR) is 25.32%.

Insider Activity at Diamondback Energy

In other Diamondback Energy news, Director Frank D. Tsuru acquired 2,000 shares of Diamondback Energy stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $156.51 per share, for a total transaction of $313,020.00. Following the purchase, the director now directly owns 5,730 shares in the company, valued at approximately $896,802.30. This represents a 53.62 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FANG. Truist Financial increased their price objective on shares of Diamondback Energy from $238.00 to $242.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Morgan Stanley reissued an "overweight" rating on shares of Diamondback Energy in a research note on Tuesday, April 15th. JPMorgan Chase & Co. decreased their price objective on Diamondback Energy from $167.00 to $166.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Williams Trading set a $190.00 target price on Diamondback Energy in a research note on Wednesday, March 5th. Finally, Piper Sandler reduced their target price on Diamondback Energy from $240.00 to $234.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $199.00.

Diamondback Energy Company Profile

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.