Diamondback Energy (NASDAQ:FANG) Stock Price Expected to Rise, Truist Financial Analyst Says

Diamondback Energy (NASDAQ:FANG) had its target price raised by equities researchers at Truist Financial from $224.00 to $232.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the oil and natural gas company’s stock. Truist Financial‘s price objective indicates a potential upside of 24.79% from the stock’s previous close.

Several other analysts have also issued reports on the company. Stephens restated an “outperform” rating on shares of Diamondback Energy in a research note on Tuesday, October 13th. Roth Capital upped their price target on Diamondback Energy from $205.00 to $212.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Barclays cut their price target on Diamondback Energy from $232.00 to $221.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. Susquehanna lifted their price objective on Diamondback Energy from $255.00 to $265.00 in a report on Wednesday, August 5th. Finally, Scotiabank initiated coverage on Diamondback Energy in a report on Wednesday, October 14th. They issued a “sector outperform” rating and a $250.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $228.04.

Diamondback Energy Stock Performance

Shares of FANG stock traded down $6.43 during trading hours on Wednesday, hitting $185.91. 635,643 shares of the company were exchanged, compared to its average volume of 2,580,895. The company has a current ratio of 0.47, a quick ratio of 0.45 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $52.06 billion, a price-to-earnings ratio of 25.44 and a beta of 0.49. The firm has a fifty day simple moving average of $196.89 and a 200 day simple moving average of $189.50. Diamondback Energy has a 52-week low of $137.03 and a 52-week high of $216.90.

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

Insider Buying and Selling

In related news, Director Charles Meloy sold 33,333 shares of Diamondback Energy stock in a transaction on 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 transaction, the director directly owned 759,864 shares of the company’s stock, valued at $139,617,411.36. The trade was a 4.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $10,159,723.37. The trade was a 60.13% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.64% of the stock is owned by company insiders.

Hedge Funds Weigh In On Diamondback Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC purchased a new position in shares of Diamondback Energy during the first quarter valued at approximately $26,000. Meeder Asset Management Inc. bought a new position in shares of Diamondback Energy in the 2nd quarter worth approximately $28,000. Laurel Wealth Advisors LLC bought a new stake in Diamondback Energy during the third quarter valued at approximately $32,000. Burkett Financial Services LLC bought a new position in Diamondback Energy in the third quarter worth approximately $32,000. Finally, Global Assets Advisory LLC bought a new position in Diamondback Energy in the 1st quarter worth $40,000. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Key Stories Impacting Diamondback Energy

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

• Positive Sentiment: Third-quarter adjusted EPS of $5.86 and revenue of $5.43 billion beat analyst estimates. Production averaged 1.034 million barrels of oil equivalent per day, and free cash flow was $2.1 billion. Reuters report on third-quarter results
• Positive Sentiment: Management raised its 2026 production outlook, citing disciplined spending, improving Barnett well economics and recovery technology. The company also plans expanded full-field development of its Barnett holdings. Zacks earnings-call highlights
• Positive Sentiment: Diamondback increased its annual base dividend 7.3% to $4.72 per share and repurchased about $251 million of stock, signaling cash generation and shareholder returns.
• Positive Sentiment: Truist raised its price target to $232 from $224, reflecting a more favorable analyst view. Truist price-target update
• Negative Sentiment: Wells Fargo lowered its price target to $244 from $263, though it maintained an Overweight rating. The reduction may temper near-term sentiment despite the remaining bullish rating. Wells Fargo rating update

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.