Zacks Research Issues Pessimistic Outlook for FANG Earnings

Diamondback Energy, Inc. (NASDAQ:FANG) – Equities research analysts at Zacks Research cut their Q1 2027 earnings per share estimates for shares of Diamondback Energy in a report released on Monday, March 9th. Zacks Research analyst Team now anticipates that the oil and natural gas company will earn $2.15 per share for the quarter, down from their prior estimate of $2.24. The consensus estimate for Diamondback Energy’s current full-year earnings is $15.49 per share. Zacks Research also issued estimates for Diamondback Energy’s Q2 2027 earnings at $2.15 EPS and FY2028 earnings at $13.52 EPS.

Several other research firms also recently issued reports on FANG. Morgan Stanley reduced 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 report on Friday, January 23rd. UBS Group upped their price objective on shares of Diamondback Energy from $194.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Piper Sandler dropped their price objective on shares of Diamondback Energy from $218.00 to $215.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. Jefferies Financial Group reiterated a “hold” rating and set a $173.00 price objective on shares of Diamondback Energy in a report on Monday, January 19th. Finally, Scotiabank set a $175.00 target price on shares of Diamondback Energy in a research report on Friday, January 16th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $189.00.

Diamondback Energy Trading Up 1.3%

NASDAQ FANG opened at $182.86 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 0.42 and a debt-to-equity ratio of 0.32. Diamondback Energy has a 52 week low of $114.00 and a 52 week high of $186.66. The business has a 50 day moving average price of $161.93 and a 200-day moving average price of $151.57. The company has a market cap of $51.58 billion, a price-to-earnings ratio of 32.60 and a beta of 0.59.

Diamondback Energy (NASDAQ:FANG) last announced 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 the consensus estimate of $2.00 by ($0.26). Diamondback Energy had a return on equity of 8.08% and a net margin of 11.07%.The firm had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter in the previous year, the company posted $3.67 EPS. The firm’s revenue was down 9.0% on a year-over-year basis.

Diamondback Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, March 5th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, March 5th. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.00. Diamondback Energy’s dividend payout ratio (DPR) is presently 74.87%.

Insiders Place Their Bets

In related news, major shareholder Fang Holdings Lp Sgf sold 1,000,000 shares of the business’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 of the company’s stock, valued at approximately $16,074,094,093.76. The trade was a 1.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles Alvin Meloy sold 60,605 shares of the 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 transaction, the director owned 982,006 shares of the company’s stock, valued at approximately $158,220,806.72. The trade was a 5.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Savant Capital LLC raised its holdings in shares of Diamondback Energy by 78.3% in the 2nd quarter. Savant Capital LLC now owns 15,178 shares of the oil and natural gas company’s stock worth $2,086,000 after purchasing an additional 6,665 shares during the period. Vestmark Advisory Solutions Inc. bought a new position in Diamondback Energy during the second quarter valued at $1,113,000. Wedbush Securities Inc. grew its holdings in Diamondback Energy by 32.8% during the second quarter. Wedbush Securities Inc. now owns 3,587 shares of the oil and natural gas company’s stock valued at $493,000 after purchasing an additional 885 shares during the period. Metis Global Partners LLC increased its position in Diamondback Energy by 2.4% in the second quarter. Metis Global Partners LLC now owns 10,144 shares of the oil and natural gas company’s stock worth $1,394,000 after buying an additional 237 shares during the last quarter. Finally, AE Wealth Management LLC increased its position in Diamondback Energy by 13.7% in the second quarter. AE Wealth Management LLC now owns 29,328 shares of the oil and natural gas company’s stock worth $4,030,000 after buying an additional 3,545 shares during the last quarter. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

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.