Zacks Research Issues Positive Estimate for FANG Earnings

Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) - Analysts at Zacks Research increased their Q1 2025 earnings estimates for Diamondback Energy in a research note issued on Wednesday, April 23rd. Zacks Research analyst N. Choudhury now anticipates that the oil and natural gas company will post earnings per share of $3.72 for the quarter, up from their prior forecast of $3.37. The consensus estimate for Diamondback Energy's current full-year earnings is $15.49 per share. Zacks Research also issued estimates for Diamondback Energy's Q2 2025 earnings at $3.11 EPS, Q3 2025 earnings at $3.43 EPS, Q4 2025 earnings at $3.68 EPS, FY2025 earnings at $13.94 EPS and Q3 2026 earnings at $3.48 EPS.

A number of other equities research analysts also recently issued reports on FANG. Barclays reduced their price objective 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. Morgan Stanley reiterated an "overweight" rating on shares of Diamondback Energy in a research note on Tuesday, April 15th. Susquehanna reduced their price objective on shares of Diamondback Energy from $219.00 to $194.00 and set a "positive" rating on the stock in a research note on Tuesday, April 22nd. Mizuho raised their price objective on Diamondback Energy from $201.00 to $204.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Finally, UBS Group dropped their price objective on shares of Diamondback Energy from $175.00 to $163.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Two equities 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, the company presently has a consensus rating of "Buy" and an average target price of $199.00.

Diamondback Energy Stock Performance

NASDAQ:FANG traded down $5.25 during mid-day trading on Friday, reaching $131.40. 817,870 shares of the company's stock were exchanged, compared to its average volume of 2,094,436. Diamondback Energy has a one year low of $114.00 and a one year high of $214.50. The firm has a market capitalization of $38.64 billion, a PE ratio of 7.52, a price-to-earnings-growth ratio of 1.24 and a beta of 1.44. The business's fifty day simple moving average is $144.08 and its two-hundred day simple moving average is $161.99. 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 quarterly earnings data on Tuesday, February 25th. The oil and natural gas company reported $3.64 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.07. The company had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.55 billion. Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%.

Diamondback Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.04%. This is an increase from Diamondback Energy's previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Thursday, March 6th. Diamondback Energy's dividend payout ratio (DPR) is presently 25.32%.

Insider Buying and Selling at Diamondback Energy

In related news, Director Frank D. Tsuru acquired 2,000 shares of the stock in a transaction dated Friday, February 28th. The shares were purchased at an average price of $156.51 per share, for a total transaction of $313,020.00. Following the transaction, the director now 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 document filed with the SEC, which is available through the SEC website. Insiders own 0.48% of the company's stock.

Hedge Funds Weigh In On Diamondback Energy

A number of large investors have recently added to or reduced their stakes in the business. Wealth Advisory Solutions LLC purchased a new position in shares of Diamondback Energy in the first quarter valued at about $2,631,000. Greenleaf Trust increased its position in Diamondback Energy by 1.6% during the 1st quarter. Greenleaf Trust now owns 7,005 shares of the oil and natural gas company's stock valued at $1,120,000 after buying an additional 113 shares in the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of Diamondback Energy by 1.3% in the 1st quarter. Stratos Wealth Partners LTD. now owns 22,872 shares of the oil and natural gas company's stock worth $3,657,000 after purchasing an additional 290 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its holdings in shares of Diamondback Energy by 50.4% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 7,149 shares of the oil and natural gas company's stock worth $1,143,000 after purchasing an additional 2,397 shares in the last quarter. Finally, EULAV Asset Management increased its holdings in shares of Diamondback Energy by 17.5% in the 1st quarter. EULAV Asset Management now owns 67,000 shares of the oil and natural gas company's stock worth $10,712,000 after purchasing an additional 10,000 shares in 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.