Q1 EPS Estimate for Diamondback Energy Lowered by Analyst

Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) - Stock analysts at Zacks Research dropped their Q1 2027 earnings per share (EPS) estimates for Diamondback Energy in a research report issued on Monday, May 19th. Zacks Research analyst N. Choudhury now expects that the oil and natural gas company will post earnings of $3.20 per share for the quarter, down from their previous estimate of $3.49. The consensus estimate for Diamondback Energy's current full-year earnings is $15.49 per share.

Several other equities research analysts have also issued reports on the company. Wells Fargo & Company dropped their price target on Diamondback Energy from $215.00 to $207.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Citigroup upgraded Diamondback Energy from a "reduce" rating to a "buy" rating and boosted their target price for the stock from $157.00 to $180.00 in a research report on Monday, April 7th. Evercore ISI initiated coverage on shares of Diamondback Energy in a research report on Tuesday, May 6th. They set an "outperform" rating and a $165.00 price target on the stock. Barclays decreased their price target on shares of Diamondback Energy from $200.00 to $185.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Finally, Truist Financial increased their target price 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. Two research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Diamondback Energy currently has an average rating of "Buy" and an average price target of $194.09.

Diamondback Energy Stock Down 0.7%

Shares of NASDAQ:FANG opened at $138.35 on Wednesday. The firm has a market capitalization of $40.42 billion, a PE ratio of 7.92, a price-to-earnings-growth ratio of 1.24 and a beta of 1.06. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.42 and a current ratio of 0.45. Diamondback Energy has a 52-week low of $114.00 and a 52-week high of $214.50. The firm has a fifty day moving average of $140.95 and a 200 day moving average of $157.48.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The oil and natural gas company reported $4.54 EPS for the quarter, topping analysts' consensus estimates of $3.67 by $0.87. The business had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $3.58 billion. Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. The business's quarterly revenue was up 81.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.50 EPS.

Diamondback Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th will be given a dividend of $1.00 per share. The ex-dividend date is Thursday, May 15th. This represents a $4.00 annualized dividend and a yield of 2.89%. Diamondback Energy's payout ratio is 24.46%.

Insiders Place Their Bets

In other news, Director Frank D. Tsuru purchased 2,000 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average cost of $156.51 per share, for a total transaction of $313,020.00. Following the completion of the transaction, the director now directly owns 5,730 shares of the company's stock, valued at $896,802.30. This trade represents a 53.62% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Hof Matthew Kaes Van't sold 10,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $142.69, for a total value of $1,426,900.00. Following the completion of the transaction, the president now owns 120,645 shares of the company's stock, valued at approximately $17,214,835.05. This trade represents a 7.65% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. BankPlus Trust Department purchased a new stake in Diamondback Energy in the first quarter worth about $27,000. Wintrust Investments LLC bought a new stake in shares of Diamondback Energy in the 4th quarter worth approximately $28,000. R Squared Ltd purchased a new stake in shares of Diamondback Energy in the 4th quarter worth approximately $29,000. Pinnacle Bancorp Inc. grew its stake in shares of Diamondback Energy by 95.7% in the 1st quarter. Pinnacle Bancorp Inc. now owns 180 shares of the oil and natural gas company's stock worth $29,000 after buying an additional 88 shares during the last quarter. Finally, UMB Bank n.a. increased its position in Diamondback Energy by 247.3% during the 4th quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company's stock valued at $31,000 after buying an additional 136 shares in the last quarter. 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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