Scotiabank Has Optimistic Outlook of FANG FY2026 Earnings

Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) - Investment analysts at Scotiabank boosted their FY2026 EPS estimates for shares of Diamondback Energy in a research report issued to clients and investors on Thursday, April 23rd. Scotiabank analyst B. Zhang now anticipates that the oil and natural gas company will post earnings of $18.60 per share for the year, up from their prior forecast of $5.80. Scotiabank currently has a "Sector Outperform" rating and a $195.00 target price on the stock. The consensus estimate for Diamondback Energy's current full-year earnings is $16.65 per share. Scotiabank also issued estimates for Diamondback Energy's FY2027 earnings at $14.50 EPS.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last issued its quarterly earnings data on Monday, February 23rd. The oil and natural gas company reported $1.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.00 by ($0.26). The firm had revenue of $3.38 billion during the quarter, compared to analysts' expectations of $3.41 billion. Diamondback Energy had a return on equity of 8.08% and a net margin of 11.07%.The firm's quarterly revenue was down 9.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.67 EPS.

FANG has been the topic of several other research reports. KeyCorp boosted their target price on shares of Diamondback Energy from $196.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday, April 2nd. Weiss Ratings reissued a "hold (c)" rating on shares of Diamondback Energy in a research report on Monday, December 29th. Roth Mkm reissued a "neutral" rating and set a $200.00 target price (up from $180.00) on shares of Diamondback Energy in a research report on Wednesday, April 8th. Morgan Stanley boosted their target price on shares of Diamondback Energy from $220.00 to $224.00 and gave the stock an "overweight" rating in a research report on Friday, April 17th. Finally, Piper Sandler boosted their target price on shares of Diamondback Energy from $215.00 to $248.00 and gave the stock an "overweight" rating in a research report on Thursday, March 12th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Diamondback Energy presently has a consensus rating of "Buy" and a consensus price target of $208.05.

Diamondback Energy Stock Up 0.8%

NASDAQ:FANG opened at $196.42 on Tuesday. The company has a market cap of $55.26 billion, a PE ratio of 35.01 and a beta of 0.50. Diamondback Energy has a twelve month low of $127.75 and a twelve month high of $204.91. The company has a current ratio of 0.42, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32. The company's 50 day moving average is $185.55 and its two-hundred day moving average is $163.11.

Diamondback Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Thursday, March 5th were paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 2.1%. The ex-dividend date was Thursday, March 5th. This is a positive change from Diamondback Energy's previous quarterly dividend of $1.00. Diamondback Energy's dividend payout ratio (DPR) is presently 74.87%.

Insider Buying and Selling at Diamondback Energy

In other Diamondback Energy news, Director Charles Alvin Meloy sold 7,857 shares of Diamondback Energy stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $193.93, for a total transaction of $1,523,708.01. Following the completion of the sale, the director directly owned 958,435 shares in the company, valued at approximately $185,869,299.55. The trade was a 0.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven E. West sold 6,000 shares of Diamondback Energy stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $188.35, for a total transaction of $1,130,100.00. Following the sale, the director owned 4,484 shares of the company's stock, valued at approximately $844,561.40. The trade was a 57.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,217,069 shares of company stock worth $201,213,109. Corporate insiders own 0.70% of the company's stock.

Institutional Trading of Diamondback Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. QRG Capital Management Inc. lifted its stake in Diamondback Energy by 101.9% during the 1st quarter. QRG Capital Management Inc. now owns 5,694 shares of the oil and natural gas company's stock valued at $1,126,000 after acquiring an additional 2,874 shares during the period. Oxbow Advisors LLC acquired a new stake in Diamondback Energy during the 1st quarter valued at approximately $243,000. Capital Financial Group Inc. Co. ADV lifted its stake in Diamondback Energy by 2.1% during the 1st quarter. Capital Financial Group Inc. Co. ADV now owns 3,584 shares of the oil and natural gas company's stock valued at $709,000 after acquiring an additional 75 shares during the period. HB Wealth Management LLC lifted its stake in Diamondback Energy by 8.0% during the 1st quarter. HB Wealth Management LLC now owns 6,960 shares of the oil and natural gas company's stock valued at $1,377,000 after acquiring an additional 518 shares during the period. Finally, Moran Wealth Management LLC lifted its stake in Diamondback Energy by 5.2% during the 1st quarter. Moran Wealth Management LLC now owns 50,068 shares of the oil and natural gas company's stock valued at $9,903,000 after acquiring an additional 2,472 shares during the period. 90.01% of the stock is currently owned by institutional investors and hedge funds.

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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