What is KeyCorp's Estimate for FANG FY2027 Earnings?

Key Points

• KeyCorp has projected Diamondback Energy's FY2027 earnings per share (EPS) to be $14.36, along with an "Overweight" rating and a price target of $176.00 for the stock.
• Recent analysis shows a consensus rating of "Buy" for Diamondback Energy, with the current stock price hovering around $141.94 and a target consensus price of $192.23.
• The company recently announced a quarterly dividend of $1.00, equating to an annualized yield of 2.8%, reflecting a dividend payout ratio of 28.43%.

Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) - Equities researchers at KeyCorp issued their FY2027 earnings per share (EPS) estimates for shares of Diamondback Energy in a report released on Tuesday, October 14th. KeyCorp analyst T. Rezvan expects that the oil and natural gas company will earn $14.36 per share for the year. KeyCorp has a "Overweight" rating and a $176.00 price target on the stock. The consensus estimate for Diamondback Energy's current full-year earnings is $15.49 per share.

Several other research firms also recently commented on FANG. Scotiabank reissued an "outperform" rating on shares of Diamondback Energy in a report on Thursday, October 9th. Morgan Stanley cut their price target on Diamondback Energy from $186.00 to $184.00 and set an "overweight" rating for the company in a report on Tuesday. Wall Street Zen downgraded Diamondback Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Raymond James Financial cut their price target on Diamondback Energy from $221.00 to $212.00 and set a "strong-buy" rating for the company in a report on Wednesday, August 20th. Finally, Mizuho cut their price target on Diamondback Energy from $183.00 to $176.00 and set an "outperform" rating for the company in a report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Diamondback Energy currently has a consensus rating of "Buy" and a consensus target price of $192.23.

Diamondback Energy Trading Up 0.1%

NASDAQ FANG opened at $141.94 on Thursday. The company has a market cap of $41.09 billion, a PE ratio of 10.09 and a beta of 1.04. The company has a current ratio of 0.55, a quick ratio of 0.52 and a debt-to-equity ratio of 0.35. Diamondback Energy has a 12 month low of $114.00 and a 12 month high of $186.74. The stock has a 50 day moving average of $142.27 and a 200-day moving average of $140.80.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The oil and natural gas company reported $2.67 EPS for the quarter, missing the consensus estimate of $2.72 by ($0.05). The company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.35 billion. Diamondback Energy had a net margin of 27.25% and a return on equity of 9.48%. The company's quarterly revenue was up 48.1% compared to the same quarter last year. During the same period in the previous year, the company posted $4.52 EPS.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BankPlus Trust Department bought a new position in shares of Diamondback Energy in the first quarter worth about $27,000. Pinnacle Bancorp Inc. grew its stake in shares of Diamondback Energy by 95.7% during the first 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. SouthState Corp grew its stake in shares of Diamondback Energy by 596.4% during the first quarter. SouthState Corp now owns 195 shares of the oil and natural gas company's stock worth $31,000 after buying an additional 167 shares during the last quarter. WASHINGTON TRUST Co grew its stake in shares of Diamondback Energy by 119.8% during the first quarter. WASHINGTON TRUST Co now owns 200 shares of the oil and natural gas company's stock worth $32,000 after buying an additional 109 shares during the last quarter. Finally, Grove Bank & Trust grew its stake in shares of Diamondback Energy by 65.0% during the first quarter. Grove Bank & Trust now owns 203 shares of the oil and natural gas company's stock worth $32,000 after buying an additional 80 shares during the last quarter. Institutional investors own 90.01% of the company's stock.

Insider Activity at Diamondback Energy

In related news, Chairman Travis D. Stice sold 20,400 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $142.80, for a total value of $2,913,120.00. Following the transaction, the chairman owned 102,145 shares in the company, valued at approximately $14,586,306. This trade represents a 16.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company's stock.

Diamondback Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were given a $1.00 dividend. The ex-dividend date was Thursday, August 14th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.8%. Diamondback Energy's dividend payout ratio (DPR) is presently 28.43%.

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.

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