Q3 EPS Estimate for Diamondback Energy Reduced by Analyst

Diamondback Energy, Inc. (NASDAQ:FANG) – Research analysts at Zacks Research lowered their Q3 2026 earnings per share (EPS) estimates for Diamondback Energy in a note issued to investors on Wednesday, January 28th. Zacks Research analyst Team now anticipates that the oil and natural gas company will post earnings of $2.23 per share for the quarter, down from their previous forecast of $2.38. The consensus estimate for Diamondback Energy’s current full-year earnings is $15.49 per share.

FANG has been the topic of several other research reports. Evercore ISI raised their target price on shares of Diamondback Energy from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Wells Fargo & Company raised their price target on Diamondback Energy from $169.00 to $171.00 and gave the stock an “overweight” rating in a research note on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Diamondback Energy in a report on Monday, December 29th. Sanford C. Bernstein cut their price target on Diamondback Energy from $199.00 to $190.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Finally, Mizuho lowered their price objective on shares of Diamondback Energy from $195.00 to $194.00 and set an “outperform” rating on the stock in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Diamondback Energy has a consensus rating of “Moderate Buy” and a consensus price target of $185.90.

Diamondback Energy Stock Performance

Shares of FANG stock opened at $160.27 on Thursday. The company has a 50 day moving average price of $151.46 and a 200-day moving average price of $146.00. Diamondback Energy has a 52 week low of $114.00 and a 52 week high of $173.01. The firm has a market capitalization of $45.90 billion, a PE ratio of 11.14 and a beta of 0.59. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 0.35.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings data on Monday, November 3rd. The oil and natural gas company reported $3.08 EPS for the quarter, topping the consensus estimate of $2.94 by $0.14. The company had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.48 billion. Diamondback Energy had a return on equity of 9.57% and a net margin of 27.32%.Diamondback Energy’s revenue for the quarter was up 48.4% on a year-over-year basis. During the same period last year, the company earned $3.19 EPS.

Institutional Trading of Diamondback Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC bought a new stake in shares of Diamondback Energy during the fourth quarter valued at approximately $25,000. Richardson Financial Services Inc. increased 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 buying an additional 125 shares during the last quarter. JPL Wealth Management LLC bought a new stake in Diamondback Energy during the third quarter worth approximately $26,000. Creekmur Asset Management LLC purchased a new stake in Diamondback Energy during the 2nd quarter valued at $28,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Diamondback Energy by 106.3% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the oil and natural gas company’s stock valued at $28,000 after acquiring an additional 102 shares during the period. Institutional investors own 90.01% of the company’s stock.

Insider Activity at Diamondback Energy

In related news, Director Charles Alvin Meloy sold 377,911 shares of Diamondback Energy stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $138.61, for a total transaction of $52,382,243.71. Following the transaction, the director owned 1,044,864 shares in the company, valued at approximately $144,828,599.04. The trade was a 26.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.48% of the stock is owned by insiders.

Diamondback Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were paid a $1.00 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.5%. Diamondback Energy’s dividend payout ratio is 27.80%.

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.