Scotiabank Forecasts Lower Earnings for Diamondback Energy

Diamondback Energy, Inc. (NASDAQ:FANG) – Scotiabank cut their FY2026 earnings per share estimates for shares of Diamondback Energy in a report issued on Thursday, March 5th. Scotiabank analyst P. Cheng now anticipates that the oil and natural gas company will earn $5.80 per share for the year, down from their prior forecast of $6.40. The consensus estimate for Diamondback Energy’s current full-year earnings is $15.49 per share. Scotiabank also issued estimates for Diamondback Energy’s FY2027 earnings at $7.85 EPS.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings results on Monday, February 23rd. The oil and natural gas company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.26). The business had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.41 billion. Diamondback Energy had a net margin of 11.07% and a return on equity of 8.08%. The business’s revenue was down 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $3.67 EPS.

A number of other equities analysts have also recently commented on the stock. Morgan Stanley cut their price target on shares of Diamondback Energy from $183.00 to $171.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Diamondback Energy in a research report on Monday, December 29th. Susquehanna lifted their price objective on shares of Diamondback Energy from $182.00 to $199.00 and gave the stock a “positive” rating in a report on Wednesday, February 25th. TD Cowen upgraded shares of Diamondback Energy to a “strong-buy” rating in a research report on Monday, February 9th. Finally, Wall Street Zen cut Diamondback Energy from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.00.

Diamondback Energy Trading Down 2.5%

Shares of FANG opened at $178.37 on Monday. Diamondback Energy has a 1-year low of $114.00 and a 1-year high of $186.65. The company has a market capitalization of $50.31 billion, a P/E ratio of 31.80 and a beta of 0.59. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.42 and a quick ratio of 0.40. The firm’s 50 day simple moving average is $162.47 and its 200 day simple moving average is $151.81.

Hedge Funds Weigh In On Diamondback Energy

Institutional investors and hedge funds have recently bought and sold shares of 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 position in Diamondback Energy by 2.9% during the 3rd quarter. Boston Partners now owns 5,733,538 shares of the oil and natural gas company’s stock valued at $821,649,000 after buying an additional 163,548 shares during the period. Geode Capital Management LLC boosted its position in Diamondback Energy by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 5,621,120 shares of the oil and natural gas company’s stock valued at $844,073,000 after buying an additional 14,625 shares during the period. Bank of New York Mellon Corp grew its holdings in Diamondback Energy by 11.5% in the 4th quarter. Bank of New York Mellon Corp now owns 5,159,365 shares of the oil and natural gas company’s stock worth $775,607,000 after acquiring an additional 532,756 shares during the last quarter. Finally, Capital Research Global Investors increased its position in shares of Diamondback Energy by 14.1% in the fourth quarter. Capital Research Global Investors now owns 4,332,885 shares of the oil and natural gas company’s stock valued at $651,363,000 after acquiring an additional 534,073 shares during the period. 90.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Diamondback Energy

In other Diamondback Energy news, Director Charles Alvin Meloy sold 60,605 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $161.12, for a total transaction of $9,764,677.60. Following the completion of the sale, the director directly owned 982,006 shares in the company, valued at $158,220,806.72. This represents a 5.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Fang Holdings Lp Sgf sold 1,000,000 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $162.88, for a total value of $162,880,000.00. Following the transaction, the insider directly owned 98,686,727 shares in the company, valued at $16,074,094,093.76. This trade represents a 1.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,160,605 shares of company stock worth $190,757,794 over the last three months. Company insiders own 0.48% of the company’s stock.

Diamondback Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, March 5th will be paid a $1.05 dividend. This is a boost from Diamondback Energy’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, March 5th. Diamondback Energy’s payout ratio is presently 74.87%.

Diamondback Energy News Summary

Here are the key news stories impacting Diamondback Energy this week:

• Positive Sentiment: Macro tailwind — oil prices jumped above $100/bbl after attacks on Middle East fuel facilities, supporting the energy sector and providing a favorable commodity backdrop for Diamondback’s oil-weighted cash flows. These Stocks Are Today’s Movers
• Neutral Sentiment: Short-interest print shows zero reported short interest in recent data releases — likely a data/reporting anomaly rather than a real change in positioning; it does not provide clear directional pressure. (Internal short-interest entries)
• Negative Sentiment: Secondary offering announced — SGF FANG Holdings, LP filed an underwritten public sale of 11.0M FANG shares (plus a 30‑day option for 1.65M more). Diamondback receives no proceeds; this increases potential share supply and creates dilution risk or selling pressure as the block comes to market. Diamondback Energy Announces Launch of Secondary Common Stock Offering
• Negative Sentiment: Insider sales by the chairman — Travis D. Stice disclosed multi-million-dollar stock sales filed with the SEC (large blocks sold at ~ $181/share across filings), materially reducing his reported ownership stakes; sizable insider selling can be perceived negatively by investors. SEC Form 4 Filing
• Negative Sentiment: Analyst estimate cuts — Zacks Research trimmed Q1 and Q2 FY2027 EPS forecasts (and provided a lower FY2028 projection), signaling downward revisions to near-term earnings expectations that can pressure valuation multiple expectations. Diamondback Energy (FANG) Registers a Bigger Fall Than the Market

Diamondback Energy Company Profile

Diamondback Energy, Inc (NASDAQ: FANG) is an independent oil and natural gas company focused on the development, exploration and production of unconventional resources in the Permian Basin. Headquartered in Midland, Texas, the company concentrates its operations in the core Midland and Delaware sub‑basins of West Texas and southeastern New Mexico, where it pursues contiguous acreage positions to support repeatable drilling programs.

Diamondback’s activities span the upstream value chain, including leasehold acquisition, well planning, drilling, completion and production optimization.