Zacks Research Issues Pessimistic Forecast for FANG Earnings

Diamondback Energy, Inc. (NASDAQ:FANG) – Equities researchers at Zacks Research decreased their Q2 2027 earnings estimates for Diamondback Energy in a research report issued to clients and investors on Monday, August 17th. Zacks Research analyst Team now expects that the oil and natural gas company will post earnings per share of $3.77 for the quarter, down from their previous estimate of $3.97. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Diamondback Energy’s current full-year earnings is $19.73 per share. Zacks Research also issued estimates for Diamondback Energy’s Q3 2027 earnings at $3.83 EPS and FY2028 earnings at $15.37 EPS.

A number of other research firms also recently commented on FANG. Roth Capital set a $212.00 price objective on shares of Diamondback Energy and gave the stock a “buy” rating in a report on Monday, June 22nd. Susquehanna raised their price target on shares of Diamondback Energy from $245.00 to $255.00 and gave the stock a “positive” rating in a research report on Tuesday, July 21st. Scotiabank lifted their price target on shares of Diamondback Energy from $175.00 to $195.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Weiss Ratings raised shares of Diamondback Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 31st. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $205.00 target price on shares of Diamondback Energy in a report on Sunday, August 9th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Diamondback Energy currently has a consensus rating of “Buy” and an average price target of $221.75.

Diamondback Energy Price Performance

Shares of NASDAQ FANG opened at $206.29 on Tuesday. The company has a current ratio of 0.47, a quick ratio of 0.45 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $57.77 billion, a price-to-earnings ratio of 40.21 and a beta of 0.43. Diamondback Energy has a twelve month low of $134.30 and a twelve month high of $214.51. The business has a 50 day simple moving average of $190.47 and a 200-day simple moving average of $188.07.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Monday, August 3rd. The oil and natural gas company reported $6.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.08 by $0.40. The firm had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $4.89 billion. Diamondback Energy had a return on equity of 10.10% and a net margin of 8.58%.Diamondback Energy’s revenue for the quarter was up 51.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.38 earnings per share.

Diamondback Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 13th will be given a dividend of $1.10 per share. The ex-dividend date is Thursday, August 13th. This represents a $4.40 annualized dividend and a dividend yield of 2.1%. Diamondback Energy’s dividend payout ratio is currently 85.77%.

Insider Activity

In related news, Director Mark Lawrence Plaumann sold 500 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $196.50, for a total value of $98,250.00. Following the sale, the director owned 13,437 shares of the company’s stock, valued at $2,640,370.50. This trade represents a 3.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Matt Zmigrosky sold 5,000 shares of Diamondback Energy stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $200.54, for a total transaction of $1,002,700.00. Following the completion of the sale, the executive vice president owned 46,392 shares in the company, valued at approximately $9,303,451.68. This represents a 9.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 129,167 shares of company stock worth $24,714,309 in the last 90 days. 0.64% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Diamondback Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Transamerica Financial Advisors LLC raised its stake in Diamondback Energy by 21.0% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 294 shares of the oil and natural gas company’s stock valued at $52,000 after acquiring an additional 51 shares in the last quarter. Deseret Mutual Benefit Administrators grew its stake in shares of Diamondback Energy by 31.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 274 shares of the oil and natural gas company’s stock worth $41,000 after purchasing an additional 66 shares in the last quarter. Scotia Capital Inc. increased its holdings in shares of Diamondback Energy by 0.3% during the third quarter. Scotia Capital Inc. now owns 19,719 shares of the oil and natural gas company’s stock valued at $2,822,000 after purchasing an additional 68 shares during the period. Capital Financial Group Inc. Co. ADV raised its stake in shares of Diamondback Energy by 2.1% during the first quarter. Capital Financial Group Inc. Co. ADV now owns 3,584 shares of the oil and natural gas company’s stock valued at $709,000 after purchasing an additional 75 shares in the last quarter. Finally, Physician Wealth Advisors Inc. raised its stake in shares of Diamondback Energy by 40.0% during the fourth quarter. Physician Wealth Advisors Inc. now owns 301 shares of the oil and natural gas company’s stock valued at $45,000 after purchasing an additional 86 shares in the last quarter. 90.01% of the stock is owned by institutional investors.

About Diamondback Energy

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.