Zacks Research Issues Pessimistic Forecast for FANG Earnings

Diamondback Energy, Inc. (NASDAQ:FANG) – Equities research analysts at Zacks Research decreased their Q2 2027 EPS estimates for Diamondback Energy in a research note issued on Thursday, September 17th. Zacks Research analyst Team now anticipates that the oil and natural gas company will post earnings of $3.76 per share for the quarter, down from their previous forecast of $3.77. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Diamondback Energy’s current full-year earnings is $19.94 per share. Zacks Research also issued estimates for Diamondback Energy’s Q2 2028 earnings at $4.38 EPS and FY2028 earnings at $15.40 EPS.

Several other equities research analysts have also recently issued reports on the stock. Morgan Stanley reiterated an “equal weight” rating and set a $216.00 price objective on shares of Diamondback Energy in a research report on Wednesday, August 19th. Weiss Ratings raised shares of Diamondback Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 31st. Wall Street Zen raised shares of Diamondback Energy from a “hold” rating to a “buy” rating in a report on Sunday, September 13th. Truist Financial raised their price objective on Diamondback Energy from $220.00 to $224.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, UBS Group lifted their target price on Diamondback Energy from $243.00 to $253.00 and gave the stock a “buy” rating in a report on Monday. Four research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Diamondback Energy presently has an average rating of “Moderate Buy” and an average target price of $226.33.

Diamondback Energy Stock Up 1.2%

Shares of FANG opened at $196.94 on Friday. The business’s 50 day moving average is $199.51 and its 200 day moving average is $193.78. The company has a current ratio of 0.47, a quick ratio of 0.45 and a debt-to-equity ratio of 0.25. Diamondback Energy has a 12-month low of $136.13 and a 12-month high of $216.90. The company has a market capitalization of $55.15 billion, a PE ratio of 38.39 and a beta of 0.43.

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

Hedge Funds Weigh In On Diamondback Energy

Large investors have recently made changes to their positions in the company. Talon Private Wealth LLC boosted its holdings in Diamondback Energy by 19.8% during the 2nd quarter. Talon Private Wealth LLC now owns 12,075 shares of the oil and natural gas company’s stock valued at $2,122,000 after acquiring an additional 1,993 shares during the period. The Manufacturers Life Insurance Company increased its stake in Diamondback Energy by 3.2% in the second quarter. The Manufacturers Life Insurance Company now owns 150,826 shares of the oil and natural gas company’s stock worth $26,512,000 after purchasing an additional 4,686 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of Diamondback Energy by 3.5% during the second quarter. Sequoia Financial Advisors LLC now owns 7,686 shares of the oil and natural gas company’s stock worth $1,351,000 after purchasing an additional 259 shares during the last quarter. MCF Advisors LLC boosted its stake in shares of Diamondback Energy by 11.6% during the second quarter. MCF Advisors LLC now owns 1,987 shares of the oil and natural gas company’s stock valued at $349,000 after purchasing an additional 207 shares during the period. Finally, Allworth Financial LP boosted its stake in shares of Diamondback Energy by 43.3% during the second quarter. Allworth Financial LP now owns 11,812 shares of the oil and natural gas company’s stock valued at $2,076,000 after purchasing an additional 3,568 shares during the period. 90.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Diamondback Energy

In other Diamondback Energy news, Director Travis D. Stice sold 75,000 shares of the business’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $204.31, for a total transaction of $15,323,250.00. Following the transaction, the director owned 49,727 shares in the company, valued at $10,159,723.37. The trade was a 60.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Charles Meloy sold 33,333 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $198.41, for a total transaction of $6,613,600.53. Following the completion of the sale, the director directly owned 818,197 shares in the company, valued at approximately $162,338,466.77. This represents a 3.91% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company’s stock.

Diamondback Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 13th were issued a $1.10 dividend. The ex-dividend date was Thursday, August 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.2%. Diamondback Energy’s payout ratio is 85.77%.

About Diamondback Energy

Diamondback Energy, Inc is an independent oil and natural gas company focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin of West Texas and southeastern New Mexico. The company’s operations are concentrated primarily in the Midland and Delaware sub-basins.

Diamondback produces crude oil, natural gas and natural gas liquids. Its activities include drilling and completing horizontal wells, operating gathering and infrastructure assets, and managing mineral and royalty interests through its Viper Energy platform.