Zacks Research Issues Pessimistic Outlook for FANG Earnings

Diamondback Energy, Inc. (NASDAQ:FANG) – Zacks Research cut their Q2 2026 EPS estimates for Diamondback Energy in a research note issued to investors on Monday, September 29th. Zacks Research analyst Team now expects that the oil and natural gas company will post earnings of $2.52 per share for the quarter, down from their previous forecast of $2.53. The consensus estimate for Diamondback Energy’s current full-year earnings is $15.49 per share.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings results on Monday, August 4th. The oil and natural gas company reported $2.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.05). Diamondback Energy had a return on equity of 9.48% and a net margin of 27.25%.The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the previous year, the business posted $4.52 earnings per share. The company’s quarterly revenue was up 48.1% compared to the same quarter last year.

Several other equities analysts have also commented on FANG. William Blair began coverage on Diamondback Energy in a report on Monday, August 25th. They set an “outperform” rating for the company. Wells Fargo & Company increased their target price on Diamondback Energy from $210.00 to $211.00 and gave the stock an “overweight” rating in a research report on Thursday, August 14th. Scotiabank reiterated an “outperform” rating on shares of Diamondback Energy in a research note on Friday, July 11th. Melius started coverage on shares of Diamondback Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $213.00 price target for the company. Finally, Wall Street Zen lowered shares of Diamondback Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Two analysts have rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $193.39.

Diamondback Energy Price Performance

FANG opened at $143.10 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 0.55 and a debt-to-equity ratio of 0.35. The company’s 50-day moving average price is $142.85 and its 200 day moving average price is $141.74. Diamondback Energy has a fifty-two week low of $114.00 and a fifty-two week high of $200.47. The firm has a market cap of $41.43 billion, a price-to-earnings ratio of 10.17 and a beta of 1.14.

Hedge Funds Weigh In On Diamondback Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FANG. Nuveen LLC bought a new stake in shares of Diamondback Energy in the 1st quarter worth $230,039,000. Smead Capital Management Inc. bought a new stake in Diamondback Energy in the second quarter worth about $144,775,000. GAMMA Investing LLC raised its position in Diamondback Energy by 16,197.8% in the first quarter. GAMMA Investing LLC now owns 605,625 shares of the oil and natural gas company’s stock worth $96,827,000 after acquiring an additional 601,909 shares in the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in Diamondback Energy in the 1st quarter valued at about $77,622,000. Finally, Wellington Management Group LLP boosted its position in shares of Diamondback Energy by 27.3% during the 1st quarter. Wellington Management Group LLP now owns 1,950,160 shares of the oil and natural gas company’s stock valued at $311,792,000 after purchasing an additional 418,431 shares in the last quarter. 90.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Diamondback Energy

In other news, Chairman Travis D. Stice sold 20,400 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $142.80, for a total value of $2,913,120.00. Following the completion of the transaction, the chairman directly owned 102,145 shares in the company, valued at $14,586,306. This trade represents a 16.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.48% of the company’s stock.

Diamondback Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Thursday, August 14th. Diamondback Energy’s payout ratio is 28.43%.

Diamondback Energy Company Profile

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.