Zacks Research Has Optimistic Outlook of FANG Q3 Earnings

Key Points

• Zacks Research has adjusted its Q3 2027 earnings per share (EPS) estimate for Diamondback Energy to $2.97, slightly up from a previous estimate of $2.96, while the full-year earnings estimate stands at $15.49.
• Several brokerages have recently modified their price targets for Diamondback Energy, with Mizuho and KeyCorp reducing their targets to $176.00 and Morgan Stanley increasing theirs to $186.00, reflecting a generally optimistic outlook.
• The company declared a quarterly dividend of $1.00 per share, resulting in an annualized yield of 2.8% and demonstrating a solid dividend payout ratio of 28.43%.

Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) - Equities researchers at Zacks Research boosted their Q3 2027 EPS estimates for shares of Diamondback Energy in a report issued on Monday, September 29th. Zacks Research analyst Team now expects that the oil and natural gas company will earn $2.97 per share for the quarter, up from their prior estimate of $2.96. The consensus estimate for Diamondback Energy's current full-year earnings is $15.49 per share.

A number of other brokerages have also weighed in on FANG. Mizuho cut their price objective on Diamondback Energy from $183.00 to $176.00 and set an "outperform" rating on the stock in a report on Monday, September 15th. KeyCorp cut their price target on shares of Diamondback Energy from $180.00 to $176.00 and set an "overweight" rating on the stock in a report on Wednesday, September 3rd. Morgan Stanley raised their price target on shares of Diamondback Energy from $184.00 to $186.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. Wells Fargo & Company lifted their price objective on shares of Diamondback Energy from $210.00 to $211.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Finally, William Blair started coverage on shares of Diamondback Energy in a research note on Monday, August 25th. They issued an "outperform" rating on the stock. Two analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $193.39.

Diamondback Energy Stock Performance

Shares of FANG stock opened at $143.54 on Thursday. The business has a fifty day moving average of $142.85 and a 200 day moving average of $141.76. Diamondback Energy has a 1 year low of $114.00 and a 1 year high of $200.47. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.55 and a quick ratio of 0.52. The firm has a market capitalization of $41.55 billion, a price-to-earnings ratio of 10.20 and a beta of 1.04.

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

Institutional Trading of Diamondback Energy

Several large investors have recently bought and sold shares of the business. BankPlus Trust Department purchased a new position in Diamondback Energy in the 1st quarter worth approximately $27,000. Pinnacle Bancorp Inc. increased its holdings 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 valued at $29,000 after purchasing an additional 88 shares during the last quarter. SouthState Corp lifted its position in 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 in the last quarter. WASHINGTON TRUST Co boosted its stake in 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 holdings in Diamondback Energy by 65.0% in 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 in the last quarter. Hedge funds and other institutional investors own 90.01% of the company's stock.

Insider Transactions at Diamondback Energy

In other news, Chairman Travis D. Stice sold 20,400 shares of the company's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $142.80, for a total transaction of $2,913,120.00. Following the completion of the sale, the chairman owned 102,145 shares of the company's stock, valued at $14,586,306. This represents a 16.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Diamondback Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were issued a $1.00 dividend. The ex-dividend date was Thursday, August 14th. This represents a $4.00 dividend on an annualized basis and a 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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