KeyCorp Issues Positive Forecast for Diamondback Energy (NASDAQ:FANG) Stock Price

Diamondback Energy (NASDAQ:FANG) had its target price lifted by KeyCorp from $196.00 to $225.00 in a report issued on Thursday,Benzinga reports. They currently have an overweight rating on the oil and natural gas company’s stock.

FANG has been the subject of several other research reports. Freedom Capital raised Diamondback Energy to a “strong-buy” rating in a report on Tuesday, March 10th. Mizuho boosted their price objective on Diamondback Energy from $205.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. Raymond James Financial upped their target price on Diamondback Energy from $210.00 to $240.00 and gave the company a “strong-buy” rating in a report on Tuesday, March 17th. Scotiabank raised Diamondback Energy to a “strong-buy” rating in a research note on Friday, March 27th. Finally, Piper Sandler lifted their price target on Diamondback Energy from $215.00 to $248.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Five research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $201.62.

Diamondback Energy Trading Up 1.7%

Shares of FANG opened at $193.88 on Thursday. Diamondback Energy has a 52-week low of $114.00 and a 52-week high of $204.91. The stock has a market cap of $54.54 billion, a PE ratio of 34.56 and a beta of 0.50. The firm’s fifty day moving average is $176.64 and its two-hundred day moving average is $157.36. 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 (NASDAQ:FANG) last issued its earnings results on Monday, February 23rd. The oil and natural gas company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.26). Diamondback Energy had a net margin of 11.07% and a return on equity of 8.08%. The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.41 billion. During the same quarter last year, the company earned $3.67 earnings per share. Diamondback Energy’s quarterly revenue was down 9.0% on a year-over-year basis. Research analysts forecast that Diamondback Energy will post 15.49 earnings per share for the current fiscal year.

Diamondback Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Thursday, March 5th were issued a $1.05 dividend. This is a boost from Diamondback Energy’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Thursday, March 5th. Diamondback Energy’s payout ratio is currently 74.87%.

Insider Buying and Selling

In other Diamondback Energy news, Chairman Travis D. Stice sold 63,957 shares of Diamondback Energy stock in a transaction on Friday, March 6th. The stock was sold at an average price of $181.16, for a total value of $11,586,450.12. Following the sale, the chairman owned 305,314 shares in the company, valued at $55,310,684.24. The trade was a 17.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Fang Holdings Lp Sgf sold 1,000,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider directly owned 98,686,727 shares in the company, valued at approximately $16,074,094,093.76. This trade represents a 1.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,209,212 shares of company stock valued at $199,689,401 in the last ninety days. Company insiders own 0.70% of the company’s stock.

Institutional Trading of Diamondback Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Flagship Harbor Advisors LLC purchased a new position in Diamondback Energy during the fourth quarter worth about $25,000. Richardson Financial Services Inc. lifted its holdings in shares of Diamondback Energy by 245.1% in the 4th quarter. Richardson Financial Services Inc. now owns 176 shares of the oil and natural gas company’s stock worth $26,000 after acquiring an additional 125 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new position in shares of Diamondback Energy in the 4th quarter worth approximately $26,000. JPL Wealth Management LLC purchased a new position in shares of Diamondback Energy during the 3rd quarter worth approximately $26,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Diamondback Energy by 106.3% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the oil and natural gas company’s stock worth $28,000 after purchasing an additional 102 shares during the period. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Diamondback Energy

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

• Positive Sentiment: KeyBanc raised its price target to $225 (from $196) and kept an Overweight rating after adjusting its Q1 oil-price assumptions — a direct bullish signal that boosts investor expectations for upside. Article Title
• Positive Sentiment: Mizuho named Diamondback a “clear leader in U.S. shale” and endorsed it as a top pick, helping spark buying interest and momentum among energy-focused investors. Article Title
• Positive Sentiment: Citigroup increased its price target to $230, adding another institutional endorsement that supports higher valuation expectations. Article Title
• Positive Sentiment: Crude oil moved back above $100/bbl, providing a supportive macro tailwind for producers like Diamondback and underpinning higher analyst forecasts for cash flow and buybacks/dividends. Article Title
• Positive Sentiment: Zacks and other outlets have highlighted FANG as a momentum/top E&P pick, adding retail and quant-driven demand signals. Article Title
• Neutral Sentiment: Diamondback scheduled its Q1 2026 earnings release and conference call for early May — important dates for fresh company-forward guidance but not an immediate catalyst. Article Title
• Neutral Sentiment: Valuation write-ups show a mixed picture (DCF vs. market signals); useful for longer-term positioning but less likely to drive intraday moves. Article Title
• Negative Sentiment: Some coverage noted a near-term reversal after Mizuho’s endorsement — profit-taking and crude-price pullbacks trimmed gains, highlighting short-term volatility risk. Article Title

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.