Zacks Research Has Optimistic Outlook of FANG Q2 Earnings

Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) - Zacks Research boosted their Q2 2026 earnings per share estimates for Diamondback Energy in a research report issued on Monday, June 16th. Zacks Research analyst N. Choudhury now forecasts 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.

A number of other research analysts have also weighed in on FANG. Susquehanna dropped their target price on Diamondback Energy from $219.00 to $194.00 and set a "positive" rating on the stock in a report on Tuesday, April 22nd. UBS Group dropped their target price on Diamondback Energy from $175.00 to $163.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Evercore ISI assumed coverage on Diamondback Energy in a report on Tuesday, May 6th. They issued an "outperform" rating and a $165.00 target price on the stock. Morgan Stanley dropped their target price on Diamondback Energy from $186.00 to $183.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Finally, Royal Bank Of Canada started coverage on Diamondback Energy in a report on Friday, May 2nd. They set an "outperform" rating and a $180.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $193.13.

Diamondback Energy Stock Up 0.0%

Shares of FANG stock traded up $0.07 during trading hours on Wednesday, reaching $148.85. The company had a trading volume of 4,309,087 shares, compared to its average volume of 2,244,738. Diamondback Energy has a 12 month low of $114.00 and a 12 month high of $214.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.86 and a quick ratio of 0.83. The business has a fifty day simple moving average of $139.18 and a 200-day simple moving average of $151.62. The company has a market cap of $43.49 billion, a price-to-earnings ratio of 9.10, a price-to-earnings-growth ratio of 1.35 and a beta of 1.06.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last posted 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 return on equity of 11.22% and a net margin of 30.84%. The company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.58 billion. During the same quarter last year, the company earned $4.50 earnings per share. The company's revenue for the quarter was up 81.8% on a year-over-year basis.

Diamondback Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Thursday, May 15th. Diamondback Energy's dividend payout ratio (DPR) is presently 24.46%.

Insider Activity at Diamondback Energy

In other Diamondback Energy news, President Hof Matthew Kaes Van't sold 10,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $142.69, for a total value of $1,426,900.00. Following the completion of the transaction, the president now owns 120,645 shares in the company, valued at $17,214,835.05. This trade represents a 7.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Diamondback Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Demars Financial Group LLC purchased a new position in Diamondback Energy during the fourth quarter valued at approximately $638,050,000. Raymond James Financial Inc. purchased a new stake in Diamondback Energy in the 4th quarter worth approximately $298,327,000. Nuveen LLC bought a new position in Diamondback Energy in the 1st quarter valued at $230,039,000. Alyeska Investment Group L.P. purchased a new position in shares of Diamondback Energy during the 4th quarter valued at $185,193,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Diamondback Energy by 11.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,136,645 shares of the oil and natural gas company's stock valued at $1,496,859,000 after purchasing an additional 928,429 shares in the last quarter. 90.01% of the stock is currently 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.