Q3 EPS Estimate for Diamondback Energy Increased by Analyst

Key Points

• Zacks Research has raised its Q3 2025 EPS estimate for Diamondback Energy from $2.87 to $2.90, indicating positive expectations for the oil and natural gas company.
• Despite reporting Q2 earnings of $2.67 per share, which fell short of analyst forecasts, Diamondback's revenue increased 48.1% year-over-year, reaching $3.68 billion.
• The company declared a quarterly dividend of $1.00 per share, equating to an annualized yield of 2.9%, showcasing its commitment to returning value to shareholders.

Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) - Stock analysts at Zacks Research raised their Q3 2025 earnings per share (EPS) estimates for Diamondback Energy in a report issued on Monday, August 18th. Zacks Research analyst Team now anticipates that the oil and natural gas company will post earnings of $2.90 per share for the quarter, up from their prior forecast of $2.87. 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 FY2025 earnings at $12.91 EPS, Q2 2026 earnings at $2.71 EPS, Q3 2026 earnings at $2.78 EPS, Q2 2027 earnings at $3.18 EPS and FY2027 earnings at $12.47 EPS.

FANG has been the topic of several other reports. Mizuho lowered their price objective on Diamondback Energy from $186.00 to $179.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. Royal Bank Of Canada assumed coverage on Diamondback Energy in a research note on Friday, May 2nd. They issued an "outperform" rating and a $180.00 price objective on the stock. Susquehanna reduced their target price on Diamondback Energy from $192.00 to $188.00 and set a "positive" rating on the stock in a report on Wednesday, July 23rd. UBS Group raised their target price on Diamondback Energy from $163.00 to $171.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Melius Research started coverage on shares of Diamondback Energy in a research note on Wednesday. They issued a "buy" rating and a $213.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $193.33.

Diamondback Energy Stock Performance

Shares of NASDAQ FANG traded up $5.28 during trading hours on Wednesday, hitting $143.28. 2,028,152 shares of the company's stock were exchanged, compared to its average volume of 2,073,046. Diamondback Energy has a 1-year low of $114.00 and a 1-year high of $200.47. The stock has a market capitalization of $41.48 billion, a price-to-earnings ratio of 10.18 and a beta of 1.09. The company's 50-day moving average price is $142.79 and its 200-day moving average price is $143.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.55 and a quick ratio of 0.52.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last announced its quarterly earnings results 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 return on equity of 9.48% and a net margin of 27.25%.The company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same period in the prior year, the firm earned $4.52 EPS. Diamondback Energy's quarterly revenue was up 48.1% on a year-over-year basis.

Diamondback Energy Announces Dividend

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

Insider Buying and Selling

In other news, Chairman Travis D. Stice sold 20,400 shares of Diamondback Energy 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 transaction, the chairman directly owned 102,145 shares of the company's stock, valued at $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 SEC, which is available through this hyperlink. Insiders own 0.70% of the company's stock.

Hedge Funds Weigh In On Diamondback Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. bought a new position in shares of Diamondback Energy during the second quarter worth $282,000. Marex Group plc bought a new position in shares of Diamondback Energy during the second quarter worth $331,000. Advisory Services Network LLC boosted its position in shares of Diamondback Energy by 35.7% during the second quarter. Advisory Services Network LLC now owns 15,411 shares of the oil and natural gas company's stock worth $2,291,000 after purchasing an additional 4,057 shares in the last quarter. Apollo Management Holdings L.P. bought a new position in shares of Diamondback Energy during the second quarter worth $31,937,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Diamondback Energy by 41.3% during the second quarter. Geneos Wealth Management Inc. now owns 1,454 shares of the oil and natural gas company's stock worth $200,000 after purchasing an additional 425 shares in the last quarter. 90.01% of the stock is owned by institutional investors.

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.