Zacks Research Issues Positive Outlook for FANG Earnings

Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) - Equities researchers at Zacks Research upped their Q2 2026 earnings estimates for Diamondback Energy in a research report issued on Monday, June 16th. Zacks Research analyst N. Choudhury now expects that the oil and natural gas company will post earnings per share of $2.74 for the quarter, up from their prior estimate of $2.73. 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 Q4 2026 earnings at $2.84 EPS.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last announced its earnings results on Monday, May 5th. The oil and natural gas company reported $4.54 earnings per share for the quarter, beating analysts' consensus estimates of $3.67 by $0.87. Diamondback Energy had a net margin of 30.84% and a return on equity of 11.22%. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter last year, the firm earned $4.50 earnings per share. The business's revenue for the quarter was up 81.8% on a year-over-year basis.

A number of other equities research analysts have also recently commented on FANG. Evercore ISI initiated coverage on shares of Diamondback Energy in a report on Tuesday, May 6th. They set an "outperform" rating and a $165.00 price target on the stock. Susquehanna cut their price target on shares of Diamondback Energy from $219.00 to $194.00 and set a "positive" rating on the stock in a report on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price target on shares of Diamondback Energy from $167.00 to $161.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Scotiabank dropped their target price on shares of Diamondback Energy from $215.00 to $175.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of Diamondback Energy in a research report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $193.13.

Diamondback Energy Price Performance

Shares of NASDAQ FANG opened at $152.93 on Wednesday. Diamondback Energy has a fifty-two week low of $114.00 and a fifty-two week high of $214.50. The company has a 50 day simple moving average of $137.99 and a two-hundred day simple moving average of $152.15. The company has a market capitalization of $44.68 billion, a price-to-earnings ratio of 9.35, a P/E/G ratio of 1.37 and a beta of 1.06. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.83 and a current ratio of 0.86.

Diamondback Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date was Thursday, May 15th. Diamondback Energy's payout ratio is 24.46%.

Insiders Place Their Bets

In other Diamondback Energy news, President Hof Matthew Kaes Van't sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $142.69, for a total transaction of $1,426,900.00. Following the sale, the president now owns 120,645 shares in the company, valued at approximately $17,214,835.05. This trade represents a 7.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.48% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BankPlus Trust Department bought a new position in Diamondback Energy in the 1st quarter worth approximately $27,000. Wintrust Investments LLC bought a new position in Diamondback Energy in the 4th quarter worth approximately $28,000. Pinnacle Bancorp Inc. boosted its stake in Diamondback Energy by 95.7% in the 1st quarter. Pinnacle Bancorp Inc. now owns 180 shares of the oil and natural gas company's stock worth $29,000 after purchasing an additional 88 shares during the period. SouthState Corp boosted its stake in Diamondback Energy by 596.4% in the 1st quarter. SouthState Corp now owns 195 shares of the oil and natural gas company's stock worth $31,000 after purchasing an additional 167 shares during the period. Finally, Grove Bank & Trust boosted its stake 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 worth $32,000 after purchasing an additional 80 shares during the period. 90.01% of the stock is currently owned by institutional investors.

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.

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