Q3 EPS Estimate for Diamondback Energy Increased by Analyst

Key Points

• Zacks Research raised Diamondback Energy’s Q3 2026 EPS estimate to $2.72 from $2.70 while maintaining a “Hold” rating. Wall Street’s consensus view remains “Moderate Buy,” with an average price target of $226.33.
• Diamondback recently reported strong quarterly results, posting EPS of $6.48 versus the $6.08 consensus and revenue of $5.56 billion, up 51.2% year over year. The company also pays a quarterly dividend of $1.10 per share, yielding approximately 2.3% annually.
• Institutional investors own about 90.01% of the stock, although company directors recently sold shares, including a 75,000-share sale by Director Travis D. Stice. FANG shares opened at $192.42, below their $216.90 12-month high.

Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) - Stock analysts at Zacks Research raised their Q3 2026 EPS estimates for shares of Diamondback Energy in a research report issued to clients and investors on Thursday, September 17th. Zacks Research analyst Team now expects that the oil and natural gas company will post earnings per share of $2.72 for the quarter, up from their previous forecast of $2.70. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Diamondback Energy's current full-year earnings is $20.33 per share. Zacks Research also issued estimates for Diamondback Energy's Q4 2026 earnings at $3.14 EPS, FY2026 earnings at $16.58 EPS, Q1 2027 earnings at $4.29 EPS, Q3 2027 earnings at $3.84 EPS, Q4 2027 earnings at $3.10 EPS, FY2027 earnings at $14.99 EPS and Q1 2028 earnings at $3.13 EPS.

Several other equities research analysts have also recently weighed in on FANG. Jefferies Financial Group reissued a "hold" rating and set a $205.00 price target on shares of Diamondback Energy in a research report on Sunday, August 9th. Wolfe Research reaffirmed an "outperform" rating and set a $206.00 price objective on shares of Diamondback Energy in a research note on Tuesday, August 4th. Truist Financial increased their target price on shares of Diamondback Energy from $220.00 to $224.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Mizuho raised their target price on Diamondback Energy from $220.00 to $240.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 27th. Finally, UBS Group boosted their price objective on shares of Diamondback Energy from $243.00 to $253.00 and gave the company a "buy" rating in a research report on Monday, September 14th. Four research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $226.33.

Diamondback Energy Price Performance

FANG opened at $192.42 on Monday. The company has a market cap of $53.88 billion, a P/E ratio of 37.51 and a beta of 0.43. Diamondback Energy has a 12 month low of $136.13 and a 12 month high of $216.90. The business's 50-day moving average price is $199.69 and its 200-day moving average price is $193.87. The company has a current ratio of 0.47, a quick ratio of 0.45 and a debt-to-equity ratio of 0.25.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last announced its earnings results on Monday, August 3rd. The oil and natural gas company reported $6.48 earnings per share for the quarter, beating analysts' consensus estimates of $6.08 by $0.40. The business 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 quarterly revenue was up 51.2% on a year-over-year basis. During the same period last year, the firm posted $2.38 earnings per share.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Hsbc Holdings PLC boosted its position in Diamondback Energy by 16.3% in the 4th quarter. Hsbc Holdings PLC now owns 338,577 shares of the oil and natural gas company's stock valued at $50,890,000 after buying an additional 47,450 shares during the period. National Pension Service grew its stake in Diamondback Energy by 7.7% in the 4th quarter. National Pension Service now owns 381,710 shares of the oil and natural gas company's stock worth $57,382,000 after acquiring an additional 27,229 shares in the last quarter. Peterson Wealth Services increased its position in shares of Diamondback Energy by 174.2% during the fourth quarter. Peterson Wealth Services now owns 23,973 shares of the oil and natural gas company's stock worth $3,604,000 after acquiring an additional 15,229 shares during the period. Goehring & Rozencwajg Associates LLC increased its position in shares of Diamondback Energy by 33.1% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 113,489 shares of the oil and natural gas company's stock worth $22,447,000 after acquiring an additional 28,246 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in shares of Diamondback Energy during the fourth quarter valued at approximately $4,854,000. 90.01% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Diamondback Energy news, Director Travis D. Stice sold 75,000 shares of the company's stock in a transaction dated 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 transaction, the director owned 49,727 shares in the company, valued at approximately $10,159,723.37. This represents a 60.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles Meloy sold 33,333 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $198.41, for a total value of $6,613,600.53. Following the transaction, the director directly owned 818,197 shares in the company, valued at $162,338,466.77. The trade was a 3.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.64% of the company's stock.

Diamondback Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 13th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, August 13th. Diamondback Energy's dividend payout ratio is presently 85.77%.

Diamondback Energy News Roundup

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

• Positive Sentiment: Raymond James raised its price target for Diamondback Energy from $248 to $255 and upgraded the stock to “Strong Buy,” implying substantial upside from recent levels. Raymond James price-target upgrade
• Positive Sentiment: Potentially tighter global energy supplies resulting from proposed 2026 sanctions on buyers of Russian oil and gas could support crude prices and benefit U.S. producers such as Diamondback Energy. The article identifies FANG among oil-and-gas stocks that could attract investor attention if energy prices rise. 3 Oil And Gas Stocks For Higher Energy Prices On Russia Sanctions
• Neutral Sentiment: Zacks Research made only minor changes to its forecasts: Q2 2027 EPS was trimmed to $3.76 from $3.77, Q2 2028 EPS was increased to $4.38 from $4.37, and FY2028 EPS was raised to $15.40 from $15.37. Zacks maintained a “Hold” rating, indicating limited immediate fundamental change.
• Negative Sentiment: SGF Fang Holdings, an investment vehicle linked to billionaire Lyndal Stephens Greth, sold more than 9 million Diamondback Energy shares worth approximately $2 billion. The transaction creates a significant supply overhang and may raise concerns about insider confidence, even though the stock reportedly held up despite the sale. Diamondback Insider Sells $2 Billion of Stock

About Diamondback Energy

Diamondback Energy, Inc is an independent oil and natural gas company focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin of West Texas and southeastern New Mexico. The company's operations are concentrated primarily in the Midland and Delaware sub-basins.

Diamondback produces crude oil, natural gas and natural gas liquids. Its activities include drilling and completing horizontal wells, operating gathering and infrastructure assets, and managing mineral and royalty interests through its Viper Energy platform.

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