Diamondback Energy (FANG) Expected to Announce Quarterly Earnings on Monday

Diamondback Energy (NASDAQ:FANG) is expected to post its Q1 2025 quarterly earnings results after the market closes on Monday, May 5th. Analysts expect the company to announce earnings of $3.67 per share and revenue of $3.58 billion for the quarter.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Tuesday, February 25th. The oil and natural gas company reported $3.64 EPS for the quarter, beating the consensus estimate of $3.57 by $0.07. The firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.55 billion. Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. On average, analysts expect Diamondback Energy to post $15 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Diamondback Energy Stock Up 1.5 %

NASDAQ:FANG opened at $136.81 on Friday. The company’s 50 day moving average is $142.89 and its two-hundred day moving average is $161.10. The company has a market cap of $40.23 billion, a PE ratio of 7.83, a P/E/G ratio of 1.24 and a beta of 1.44. Diamondback Energy has a twelve month low of $114.00 and a twelve month high of $214.50. The company has a current ratio of 0.45, a quick ratio of 0.42 and a debt-to-equity ratio of 0.31.

Diamondback Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.92%. This is a boost from Diamondback Energy’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Thursday, March 6th. Diamondback Energy’s payout ratio is presently 25.32%.

Insider Buying and Selling at Diamondback Energy

In other news, Director Frank D. Tsuru purchased 2,000 shares of the stock in a transaction dated Friday, February 28th. The shares were purchased at an average price of $156.51 per share, with a total value of $313,020.00. Following the transaction, the director now owns 5,730 shares in the company, valued at $896,802.30. The trade was a 53.62 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Diamondback Energy in a research report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price objective on shares of Diamondback Energy from $167.00 to $166.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Wells Fargo & Company cut their target price on shares of Diamondback Energy from $215.00 to $207.00 and set an “overweight” rating for the company in a report on Monday, April 21st. Scotiabank lowered their price target on shares of Diamondback Energy from $215.00 to $175.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Finally, Piper Sandler cut their price objective on Diamondback Energy from $240.00 to $234.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $197.70.

About Diamondback Energy

Diamondback Energy, Inc, an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.