Zacks Research Issues Negative Outlook for FANG Earnings

Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) - Research analysts at Zacks Research dropped their Q2 2026 earnings per share (EPS) estimates for Diamondback Energy in a research report issued on Monday, September 29th. Zacks Research analyst Team now forecasts that the oil and natural gas company will earn $2.52 per share for the quarter, down from their previous forecast of $2.53. The consensus estimate for Diamondback Energy's current full-year earnings is $15.49 per share.

Several other brokerages have also commented on FANG. UBS Group boosted their price objective on Diamondback Energy from $163.00 to $171.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Mizuho cut their price objective on Diamondback Energy from $183.00 to $176.00 and set an "outperform" rating for the company in a report on Monday, September 15th. Susquehanna cut their price objective on Diamondback Energy from $192.00 to $188.00 and set a "positive" rating for the company in a report on Wednesday, July 23rd. Scotiabank reissued an "outperform" rating on shares of Diamondback Energy in a report on Friday, July 11th. Finally, Raymond James Financial reduced their price target on shares of Diamondback Energy from $221.00 to $212.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, August 20th. Two research analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $193.39.

Diamondback Energy Trading Down 3.2%

Shares of FANG opened at $143.58 on Tuesday. The business's 50-day moving average price is $142.82 and its 200-day moving average price is $141.73. Diamondback Energy has a twelve month low of $114.00 and a twelve month high of $200.47. The stock has a market cap of $41.56 billion, a PE ratio of 10.20 and a beta of 1.14. The company has a quick ratio of 0.52, a current ratio of 0.55 and a debt-to-equity ratio of 0.35.

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 the consensus estimate 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 the consensus estimate of $3.35 billion. During the same quarter in the prior year, the company earned $4.52 earnings per share. The company's quarterly revenue was up 48.1% on a year-over-year basis.

Diamondback Energy Announces Dividend

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

Insider Buying and Selling at Diamondback Energy

In other news, Chairman Travis D. Stice sold 20,400 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was 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 approximately $14,586,306. This represents a 16.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.70% of the company's stock.

Institutional Trading of Diamondback Energy

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Diamondback Energy by 1.7% during the second quarter. Vanguard Group Inc. now owns 23,325,287 shares of the oil and natural gas company's stock valued at $3,204,894,000 after purchasing an additional 388,512 shares during the period. Boston Partners boosted its stake in shares of Diamondback Energy by 2.8% during the second quarter. Boston Partners now owns 5,569,990 shares of the oil and natural gas company's stock valued at $766,914,000 after purchasing an additional 151,150 shares during the period. Geode Capital Management LLC boosted its stake in shares of Diamondback Energy by 2.7% during the second quarter. Geode Capital Management LLC now owns 5,441,649 shares of the oil and natural gas company's stock valued at $746,526,000 after purchasing an additional 142,649 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Diamondback Energy by 9.0% during the second quarter. Bank of New York Mellon Corp now owns 4,642,218 shares of the oil and natural gas company's stock valued at $637,841,000 after purchasing an additional 384,971 shares during the period. Finally, Demars Financial Group LLC boosted its stake in shares of Diamondback Energy by 5.3% during the first quarter. Demars Financial Group LLC now owns 4,102,785 shares of the oil and natural gas company's stock valued at $655,953,000 after purchasing an additional 208,200 shares during the period. 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.

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