What is KeyCorp’s Estimate for FANG FY2027 Earnings?

Diamondback Energy, Inc. (NASDAQ:FANG) – Research analysts at KeyCorp issued their FY2027 earnings per share (EPS) estimates for shares of Diamondback Energy in a research note issued on Tuesday, October 14th. KeyCorp analyst T. Rezvan forecasts that the oil and natural gas company will earn $14.36 per share for the year. KeyCorp currently has a “Overweight” rating and a $176.00 target price on the stock. The consensus estimate for Diamondback Energy’s current full-year earnings is $15.49 per share.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings data 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). The company had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Diamondback Energy had a return on equity of 9.48% and a net margin of 27.25%.The business’s revenue for the quarter was up 48.1% on a year-over-year basis. During the same period last year, the company posted $4.52 EPS.

Other equities analysts have also recently issued reports about the company. Piper Sandler decreased their price objective on Diamondback Energy from $228.00 to $222.00 and set an “overweight” rating on the stock in a report on Thursday, August 14th. Mizuho reduced their price target on Diamondback Energy from $183.00 to $176.00 and set an “outperform” rating on the stock in a research report on Monday, September 15th. Scotiabank restated an “outperform” rating on shares of Diamondback Energy in a research report on Thursday, October 9th. Susquehanna reduced their price target on Diamondback Energy from $192.00 to $188.00 and set a “positive” rating on the stock in a research report on Wednesday, July 23rd. Finally, UBS Group boosted their target price on Diamondback Energy from $163.00 to $171.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $192.23.

Diamondback Energy Stock Performance

NASDAQ:FANG opened at $139.44 on Thursday. The business’s 50-day moving average price is $142.24 and its two-hundred day moving average price is $140.66. Diamondback Energy has a twelve month low of $114.00 and a twelve month high of $186.74. The stock has a market cap of $40.37 billion, a P/E ratio of 9.91 and a beta of 1.04. The company has a quick ratio of 0.52, a current ratio of 0.55 and a debt-to-equity ratio of 0.35.

Diamondback Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, August 14th. Diamondback Energy’s payout ratio is 28.43%.

Insider Buying and Selling

In other Diamondback Energy news, Chairman Travis D. Stice sold 20,400 shares of the business’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $142.80, for a total value of $2,913,120.00. Following the sale, the chairman directly owned 102,145 shares of the company’s stock, valued at approximately $14,586,306. The trade was a 16.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Diamondback Energy

Hedge funds have recently added to or reduced their stakes in the stock. BankPlus Trust Department bought a new stake in Diamondback Energy in the first quarter worth $27,000. Creekmur Asset Management LLC bought a new stake in Diamondback Energy in the second quarter worth $28,000. Pinnacle Bancorp Inc. boosted its holdings in Diamondback Energy by 95.7% in the first quarter. Pinnacle Bancorp Inc. now owns 180 shares of the oil and natural gas company’s stock worth $29,000 after acquiring an additional 88 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Diamondback Energy in the second quarter worth $29,000. Finally, SouthState Corp raised its stake in shares of Diamondback Energy by 596.4% in the first quarter. SouthState Corp now owns 195 shares of the oil and natural gas company’s stock worth $31,000 after purchasing an additional 167 shares during the last quarter. 90.01% of the stock is owned by institutional investors.

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.