What is KeyCorp's Forecast for FANG Q1 Earnings?

Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) - KeyCorp issued their Q1 2025 earnings per share (EPS) estimates for Diamondback Energy in a report issued on Sunday, April 20th. KeyCorp analyst T. Rezvan expects that the oil and natural gas company will post earnings of $4.33 per share for the quarter. KeyCorp currently has a "Overweight" rating and a $180.00 price target on the stock. The consensus estimate for Diamondback Energy's current full-year earnings is $15.49 per share. KeyCorp also issued estimates for Diamondback Energy's Q2 2025 earnings at $3.25 EPS, Q3 2025 earnings at $3.25 EPS, Q4 2025 earnings at $3.50 EPS, FY2025 earnings at $14.33 EPS, Q1 2026 earnings at $3.55 EPS, Q2 2026 earnings at $3.40 EPS, Q3 2026 earnings at $3.42 EPS, Q4 2026 earnings at $3.69 EPS and FY2026 earnings at $14.07 EPS.

FANG has been the topic of several other research reports. Wells Fargo & Company cut their price objective on Diamondback Energy from $215.00 to $207.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. UBS Group dropped their price target on Diamondback Energy from $175.00 to $163.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Mizuho boosted their target price on shares of Diamondback Energy from $201.00 to $204.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. Wolfe Research raised shares of Diamondback Energy from a "peer perform" rating to an "outperform" rating and set a $190.00 price target for the company in a report on Friday, January 3rd. Finally, Piper Sandler dropped their price objective on shares of Diamondback Energy from $240.00 to $234.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $200.96.

Diamondback Energy Stock Up 0.2 %

Shares of Diamondback Energy stock traded up $0.23 during trading on Wednesday, reaching $136.99. The company had a trading volume of 406,949 shares, compared to its average volume of 2,094,483. 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 fifty-two week low of $114.00 and a fifty-two week high of $214.50. The firm's fifty day moving average is $145.04 and its 200-day moving average is $162.57. The company has a market cap of $40.29 billion, a price-to-earnings ratio of 7.86, a price-to-earnings-growth ratio of 1.24 and a beta of 1.44.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last released its earnings results on Tuesday, February 25th. The oil and natural gas company reported $3.64 EPS for the quarter, beating the consensus estimate of $3.57 by $0.07. The company had revenue of $3.71 billion during the quarter, compared to analysts' expectations of $3.55 billion. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%.

Diamondback Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, March 6th were issued a dividend of $1.00 per share. This is a boost from Diamondback Energy's previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $4.00 annualized dividend and a yield of 2.92%. Diamondback Energy's payout ratio is presently 25.32%.

Insiders Place Their Bets

In other news, Director Frank D. Tsuru acquired 2,000 shares of the business's stock in a transaction dated Friday, February 28th. The stock was acquired at an average price of $156.51 per share, for a total transaction of $313,020.00. Following the completion of the acquisition, the director now directly owns 5,730 shares in the company, valued at $896,802.30. This represents a 53.62 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.48% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. QRG Capital Management Inc. raised its holdings in shares of Diamondback Energy by 38.4% in the 4th quarter. QRG Capital Management Inc. now owns 11,675 shares of the oil and natural gas company's stock worth $1,913,000 after purchasing an additional 3,238 shares in the last quarter. Swedbank AB grew its position in Diamondback Energy by 28.0% in the fourth quarter. Swedbank AB now owns 198,283 shares of the oil and natural gas company's stock worth $32,485,000 after buying an additional 43,361 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in Diamondback Energy by 631.1% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 43,148 shares of the oil and natural gas company's stock worth $7,069,000 after buying an additional 37,246 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Diamondback Energy by 48.5% in the third quarter. Franklin Resources Inc. now owns 146,870 shares of the oil and natural gas company's stock valued at $28,008,000 after buying an additional 47,951 shares in the last quarter. Finally, Tectonic Advisors LLC lifted its position in shares of Diamondback Energy by 38.2% during the 4th quarter. Tectonic Advisors LLC now owns 31,467 shares of the oil and natural gas company's stock valued at $5,155,000 after acquiring an additional 8,704 shares during the last quarter. 90.01% of the stock is owned by institutional investors and hedge funds.

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.