Diamondback Energy (NASDAQ:FANG) Given New $260.00 Price Target at UBS Group

Diamondback Energy (NASDAQ:FANG) had its price objective increased by UBS Group from $256.00 to $260.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the oil and natural gas company’s stock. UBS Group‘s target price suggests a potential upside of 42.17% from the company’s previous close.

A number of other equities analysts have also recently issued reports on FANG. Wolfe Research reaffirmed an “outperform” rating and issued a $206.00 target price on shares of Diamondback Energy in a report on Tuesday, August 4th. Morgan Stanley increased their target price on Diamondback Energy from $216.00 to $222.00 and gave the company an “equal weight” rating in a research report on Thursday, October 15th. BMO Capital Markets lifted their price target on Diamondback Energy from $215.00 to $224.00 and gave the company an “outperform” rating in a research note on Friday, October 2nd. Capital One Financial boosted their price target on Diamondback Energy from $272.00 to $283.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $240.00 price objective on shares of Diamondback Energy in a research note on Wednesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $228.29.

Diamondback Energy Price Performance

Shares of NASDAQ:FANG traded down $9.46 during trading on Wednesday, hitting $182.88. 3,452,530 shares of the company were exchanged, compared to its average volume of 2,594,959. The business’s 50 day moving average is $196.89 and its 200-day moving average is $189.50. The company has a market capitalization of $51.21 billion, a P/E ratio of 25.02 and a beta of 0.49. The company has a quick ratio of 0.45, a current ratio of 0.47 and a debt-to-equity ratio of 0.25. Diamondback Energy has a 1-year low of $137.03 and a 1-year high of $216.90.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings results on Monday, November 2nd. The oil and natural gas company reported $5.86 EPS for the quarter, beating analysts’ consensus estimates of $5.72 by $0.14. Diamondback Energy had a return on equity of 11.99% and a net margin of 11.03%. The company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $4.60 billion. During the same period in the prior year, the company earned $3.08 EPS. Diamondback Energy’s revenue was up 38.4% compared to the same quarter last year. Equities analysts forecast that Diamondback Energy will post 21.49 earnings per share for the current year.

Insiders Place Their Bets

In other Diamondback Energy news, Director Travis D. Stice sold 75,000 shares of Diamondback Energy stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $204.31, for a total transaction of $15,323,250.00. Following the transaction, the director directly owned 49,727 shares of the company’s stock, valued at approximately $10,159,723.37. The trade was a 60.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles Meloy sold 33,333 shares of the company’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $183.74, for a total value of $6,124,605.42. Following the completion of the sale, the director owned 759,864 shares in the company, valued at $139,617,411.36. This trade represents a 4.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Diamondback Energy

A number of hedge funds have recently made changes to their positions in FANG. BlackRock Inc. bought a new position in Diamondback Energy during the 2nd quarter worth approximately $3,303,362,000. Bank of New York Mellon Corp acquired a new position in shares of Diamondback Energy in the 2nd quarter worth approximately $852,791,000. Wellington Management Group LLP lifted its position in shares of Diamondback Energy by 31.3% in the 2nd quarter. Wellington Management Group LLP now owns 16,420,247 shares of the oil and natural gas company’s stock worth $2,886,351,000 after purchasing an additional 3,918,943 shares during the period. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Diamondback Energy in the 2nd quarter valued at $268,855,000. Finally, Legal & General Group Plc bought a new stake in shares of Diamondback Energy in the 2nd quarter valued at $176,828,000. 90.01% of the stock is currently owned by institutional investors.

Key Stories Impacting Diamondback Energy

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

• Positive Sentiment: Diamondback beat third-quarter earnings and revenue expectations, with higher production and realized oil prices supporting cash flow. The company also raised its 2026 production outlook and increased its dividend. Diamondback Q3 Earnings Beat on Higher Oil Prices and Production
• Positive Sentiment: Truist raised its price target to $232 from $224 and maintained a Buy rating, citing potential upside. Truist Securities Adjusts Diamondback Energy Price Target
• Neutral Sentiment: Management described a disciplined Permian plan, including steady production plans for next year and expanded Barnett development. That supports cost control, though the reports offer no near-term production acceleration signal. Diamondback to Keep Production Plans Steady Going Into Next Year
• Negative Sentiment: Wells Fargo lowered its price target to $244 from $263, while keeping an Overweight rating. Separately, coverage of the dividend highlights that its sustainability depends on free cash flow and could be pressured if crude prices fall. Wells Fargo Diamondback Energy Rating Diamondback Energy Dividend Coverage

Diamondback Energy Company Profile

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

Diamondback produces crude oil, natural gas and natural gas liquids from horizontal wells and related infrastructure. Its activities include drilling and completing wells, operating gathering and processing assets, and managing midstream services that support production.