Research Analysts Offer Predictions for FANG FY2025 Earnings

Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) - Analysts at Scotiabank decreased their FY2025 earnings per share (EPS) estimates for Diamondback Energy in a report issued on Monday, June 9th. Scotiabank analyst P. Cheng now expects that the oil and natural gas company will post earnings of $11.45 per share for the year, down from their previous estimate of $11.75. Scotiabank has a "Sector Outperform" rating and a $175.00 price target on the stock. The consensus estimate for Diamondback Energy's current full-year earnings is $15.49 per share. Scotiabank also issued estimates for Diamondback Energy's FY2026 earnings at $10.40 EPS.

Several other analysts also recently issued reports on the company. Truist Financial upped their price target on Diamondback Energy from $238.00 to $242.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. JPMorgan Chase & Co. cut their price objective on Diamondback Energy from $167.00 to $161.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. Barclays cut their price target on Diamondback Energy from $200.00 to $185.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Morgan Stanley cut their price target on Diamondback Energy from $186.00 to $183.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Finally, Evercore ISI began coverage on Diamondback Energy in a report on Tuesday, May 6th. They issued an "outperform" rating and a $165.00 price target for the company. Two equities research 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $193.09.

Diamondback Energy Stock Up 0.3%

Shares of FANG traded up $0.41 during trading hours on Thursday, hitting $149.33. 1,757,525 shares of the company were exchanged, compared to its average volume of 2,196,658. The company has a market cap of $43.63 billion, a PE ratio of 8.55, a PEG ratio of 1.24 and a beta of 1.06. The firm's 50 day moving average is $135.78 and its 200-day moving average is $153.01. Diamondback Energy has a 52 week low of $114.00 and a 52 week high of $214.50. 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 (NASDAQ:FANG - Get Free Report) last issued its earnings results on Monday, May 5th. The oil and natural gas company reported $4.54 EPS for the quarter, beating analysts' consensus estimates of $3.67 by $0.87. The firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.58 billion. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. 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 posted $4.50 earnings per share.

Diamondback Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.68%. Diamondback Energy's dividend payout ratio (DPR) is currently 24.46%.

Insider Transactions at Diamondback Energy

In other Diamondback Energy news, President Hof Matthew Kaes Van't sold 10,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $142.69, for a total transaction of $1,426,900.00. Following the completion of the sale, the president now directly owns 120,645 shares in the company, valued at approximately $17,214,835.05. The trade was a 7.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.48% of the stock is currently owned by company insiders.

Institutional Trading of Diamondback Energy

Hedge funds have recently bought and sold shares of the stock. BankPlus Trust Department purchased a new stake in Diamondback Energy in the 1st quarter worth about $27,000. Wintrust Investments LLC purchased a new stake in shares of Diamondback Energy during the 4th quarter valued at $28,000. Pinnacle Bancorp Inc. raised its stake in shares of Diamondback Energy by 95.7% in the first quarter. Pinnacle Bancorp Inc. now owns 180 shares of the oil and natural gas company's stock worth $29,000 after purchasing an additional 88 shares during the last quarter. SouthState Corp boosted its holdings in shares of Diamondback Energy by 596.4% in the 1st quarter. SouthState Corp now owns 195 shares of the oil and natural gas company's stock valued at $31,000 after acquiring an additional 167 shares during the last quarter. Finally, Grove Bank & Trust raised its stake in shares of Diamondback Energy by 65.0% during the 1st quarter. Grove Bank & Trust now owns 203 shares of the oil and natural gas company's stock valued at $32,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 90.01% of the company's stock.

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.