Diamondback Energy, Inc. (NASDAQ:FANG) Stock Has Consensus Price Target of $228.43 According to Brokerages

Shares of Diamondback Energy, Inc. (NASDAQ:FANG) have received an average rating of “Moderate Buy” from the thirty-one research firms that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, twenty-four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $228.29.

Several brokerages recently commented on FANG. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $240.00 price objective on shares of Diamondback Energy in a research note on Wednesday, October 14th. Wells Fargo & Company lowered their target price on shares of Diamondback Energy from $263.00 to $244.00 and set an “overweight” rating on the stock in a research note on Wednesday. Jefferies Financial Group reissued a “hold” rating and issued a $215.00 price target (up from $205.00) on shares of Diamondback Energy in a report on Sunday, October 11th. Truist Financial upped their target price on Diamondback Energy from $224.00 to $232.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $240.00 price target (up from $221.00) on shares of Diamondback Energy in a report on Wednesday, September 2nd.

Insider Buying and Selling at Diamondback Energy

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

Institutional Trading of Diamondback Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Keybank National Association OH increased its stake in shares of Diamondback Energy by 6.8% in the third quarter. Keybank National Association OH now owns 19,619 shares of the oil and natural gas company’s stock worth $3,606,000 after buying an additional 1,245 shares during the period. Cornerstone Wealth Management LLC boosted its position in Diamondback Energy by 2.0% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 4,021 shares of the oil and natural gas company’s stock valued at $739,000 after buying an additional 80 shares during the period. New York Life Investment Management LLC grew its holdings in Diamondback Energy by 5.1% in the 3rd quarter. New York Life Investment Management LLC now owns 28,434 shares of the oil and natural gas company’s stock worth $5,226,000 after acquiring an additional 1,370 shares during the last quarter. Pinion Investment Advisors LLC bought a new stake in Diamondback Energy in the 3rd quarter worth $214,000. Finally, AlphaCore Capital LLC grew its holdings in Diamondback Energy by 545.5% in the 3rd quarter. AlphaCore Capital LLC now owns 12,233 shares of the oil and natural gas company’s stock worth $2,249,000 after acquiring an additional 10,338 shares during the last quarter. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Diamondback Energy Price Performance

Diamondback Energy stock opened at $182.88 on Friday. Diamondback Energy has a one year low of $137.03 and a one year high of $216.90. The business has a fifty day moving average price of $196.55 and a 200-day moving average price of $189.66. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.55 and a quick ratio of 0.45. The firm has a market capitalization of $51.21 billion, a P/E ratio of 10.51 and a beta of 0.49.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings results on Monday, November 2nd. The oil and natural gas company reported $5.86 earnings per share for the quarter, beating the consensus estimate of $5.72 by $0.14. Diamondback Energy had a return on equity of 11.86% and a net margin of 11.03%. The firm had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $4.60 billion. During the same period in the prior year, the business posted $3.08 earnings per share. The company’s revenue was up 38.4% on a year-over-year basis. As a group, equities research analysts forecast that Diamondback Energy will post 21.51 EPS for the current year.

Diamondback Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, November 12th will be given a dividend of $1.18 per share. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.10. The ex-dividend date is Thursday, November 12th. This represents a $4.72 annualized dividend and a dividend yield of 2.6%. Diamondback Energy’s dividend payout ratio is 85.77%.

Key Headlines Impacting Diamondback Energy

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

• Positive Sentiment: Q3 results beat expectations. Diamondback reported earnings of $5.86 per share versus the $5.72 consensus and revenue of $5.43 billion versus $4.60 billion expected. Higher production and realized oil prices supported results and cash generation. Article: Diamondback Q3 Earnings Beat on Higher Oil Prices and Production
• Positive Sentiment: Raised outlook and disciplined growth plans. Management lifted its 2026 production outlook while emphasizing spending discipline, Barnett development and improved well economics. These plans could support future output and returns without a major increase in reinvestment. Article: FANG Q3 Earnings Call Highlights Capital Discipline and Permian Growth
• Positive Sentiment: Dividend increased 7.3%. The quarterly dividend rose from $1.10 to $1.18 per share, signaling confidence in cash generation and adding to shareholder returns. Article: Diamondback Energy Raises Dividend and 2026 Oil Production Outlook
• Positive Sentiment: Some analysts raised price targets. UBS lifted its target to $260 and Truist raised its target to $232; both maintained Buy ratings.
• Negative Sentiment: Wells Fargo lowered its target from $263 to $244, though it kept an Overweight rating. This more cautious valuation view may have weighed against the otherwise upbeat updates.

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.