Diamondback Energy (NASDAQ:FANG) Earns Equal Weight Rating from Morgan Stanley

Key Points

• Morgan Stanley reiterated an “equal weight” rating on Diamondback Energy with a $216 price target, implying approximately 1.85% upside. The broader analyst consensus remains “Moderate Buy,” with an average target of $221.75.
• Diamondback Energy’s shares rose 1% to $212.08, near its 52-week high, after the company reported quarterly EPS of $6.48 and revenue of $5.56 billion—both above analyst expectations. Revenue increased 51.2% year over year.
• Insiders sold 129,167 shares worth about $24.7 million during the last quarter, while institutional investors own approximately 90.01% of the company.

Diamondback Energy (NASDAQ:FANG - Get Free Report)'s stock had its "equal weight" rating reiterated by investment analysts at Morgan Stanley in a report released on Wednesday, Marketbeat reports. They currently have a $216.00 price target on the oil and natural gas company's stock. Morgan Stanley's target price would suggest a potential upside of 1.85% from the stock's current price.

A number of other equities research analysts have also recently commented on FANG. Mizuho increased their price target on shares of Diamondback Energy from $220.00 to $240.00 and gave the company an "outperform" rating in a report on Wednesday, May 27th. Wolfe Research reaffirmed an "outperform" rating and issued a $206.00 price objective on shares of Diamondback Energy in a research report on Tuesday, August 4th. Scotiabank increased their target price on Diamondback Energy from $175.00 to $195.00 and gave the company a "sector outperform" rating in a research note on Wednesday, April 22nd. Truist Financial lifted their target price on Diamondback Energy from $220.00 to $224.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Finally, Jefferies Financial Group restated a "hold" rating and issued a $205.00 price target on shares of Diamondback Energy in a research note on Sunday, August 9th. Four investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Diamondback Energy presently has a consensus rating of "Moderate Buy" and an average target price of $221.75.

Diamondback Energy Stock Up 1.0%

Diamondback Energy stock traded up $2.06 during mid-day trading on Wednesday, reaching $212.08. The stock had a trading volume of 81,711 shares, compared to its average volume of 2,600,213. The company has a market capitalization of $59.39 billion, a price-to-earnings ratio of 41.40 and a beta of 0.43. The company has a 50-day moving average price of $190.79 and a two-hundred day moving average price of $188.42. Diamondback Energy has a one year low of $134.30 and a one year high of $214.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.47 and a quick ratio of 0.45.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The oil and natural gas company reported $6.48 EPS for the quarter, beating the consensus estimate of $6.08 by $0.40. The company had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $4.89 billion. Diamondback Energy had a net margin of 8.58% and a return on equity of 10.10%. Diamondback Energy's revenue for the quarter was up 51.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.38 EPS. On average, analysts expect that Diamondback Energy will post 19.5 EPS for the current fiscal year.

Insider Transactions at Diamondback Energy

In related news, CAO Teresa L. Dick sold 7,000 shares of the company's stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $200.90, for a total transaction of $1,406,300.00. Following the completion of the sale, the chief accounting officer owned 85,755 shares in the company, valued at approximately $17,228,179.50. This represents a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles Alvin Meloy sold 83,334 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $187.12, for a total value of $15,593,458.08. Following the completion of the transaction, the director directly owned 851,530 shares in the company, valued at approximately $159,338,293.60. This represents a 8.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 129,167 shares of company stock valued at $24,714,309. Corporate insiders own 0.64% of the company's stock.

Hedge Funds Weigh In On Diamondback Energy

Several institutional investors have recently made changes to their positions in FANG. Laurel Wealth Advisors LLC purchased a new stake in Diamondback Energy during the fourth quarter valued at approximately $26,000. Cedar Mountain Advisors LLC bought a new stake in shares of Diamondback Energy during the 1st quarter valued at $26,000. JPL Wealth Management LLC bought a new stake in shares of Diamondback Energy during the 3rd quarter valued at $26,000. Wellington Shields & Co. LLC increased its stake in shares of Diamondback Energy by 264.7% in the 4th quarter. Wellington Shields & Co. LLC now owns 186 shares of the oil and natural gas company's stock worth $28,000 after purchasing an additional 135 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Diamondback Energy in the 2nd quarter worth $28,000. Institutional investors own 90.01% of the company's stock.

More Diamondback Energy News

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

• Positive Sentiment: Zacks raised its Q2 2028 EPS forecast to $4.37 from $3.51 and lifted its FY2028 estimate to $15.37 from $14.83, indicating improved longer-term earnings expectations.
• Positive Sentiment: Coverage has highlighted Diamondback’s participation in pipeline projects, including the Permian-to-Katy gas pipeline and the Solitude Pipeline venture. These investments could improve takeaway capacity, expand midstream-related opportunities and support future growth. How Diamondback’s Permian-to-Katy Gas Pipeline Bet Has Changed Its Investment Story Is Diamondback Energy Undervalued As It Joins The Solitude Pipeline Venture?
• Neutral Sentiment: Despite the estimate changes, Zacks maintained a Hold rating. The company’s prior quarterly results also showed strong momentum, with earnings and revenue exceeding consensus estimates, but future results remain sensitive to oil and natural-gas prices.
• Negative Sentiment: Zacks reduced its FY2026 EPS forecast to $16.52 from $18.11 and cut Q3 2026 EPS to $2.70 from $4.32 and Q4 2026 EPS to $3.11 from $4.19.
• Negative Sentiment: Forecasts were also lowered for FY2027 EPS to $14.95 from $16.42, Q1 2027 to $4.27 from $4.31, and Q4 2027 to $3.08 from $3.87. Q1 2028 was reduced to $3.12 from $3.57, while Q2 2027 and Q3 2027 estimates were cut to $3.77 and $3.83, respectively.

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.

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