KeyCorp Forecasts Reduced Earnings for Diamondback Energy

Diamondback Energy, Inc. (NASDAQ:FANG) – Analysts at KeyCorp cut their Q1 2026 earnings per share (EPS) estimates for Diamondback Energy in a research note issued on Thursday, January 15th. KeyCorp analyst T. Rezvan now forecasts that the oil and natural gas company will post earnings of $3.02 per share for the quarter, down from their prior forecast of $3.16. The consensus estimate for Diamondback Energy’s current full-year earnings is $15.49 per share. KeyCorp also issued estimates for Diamondback Energy’s Q2 2026 earnings at $3.20 EPS, Q1 2027 earnings at $3.70 EPS, Q2 2027 earnings at $3.68 EPS, Q3 2027 earnings at $3.77 EPS, Q4 2027 earnings at $4.02 EPS and FY2027 earnings at $15.16 EPS.

Diamondback Energy (NASDAQ:FANG) last issued its earnings results on Monday, November 3rd. The oil and natural gas company reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.14. The firm had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Diamondback Energy had a return on equity of 9.57% and a net margin of 27.32%.The company’s revenue was up 48.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.19 earnings per share.

Several other equities research analysts have also weighed in on FANG. Roth Capital set a $162.00 target price on shares of Diamondback Energy and gave the stock a “buy” rating in a report on Tuesday, November 4th. Royal Bank Of Canada reissued an “outperform” rating and issued a $173.00 price target on shares of Diamondback Energy in a report on Friday, October 10th. Wells Fargo & Company raised their price objective on Diamondback Energy from $160.00 to $169.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. UBS Group lifted their target price on Diamondback Energy from $174.00 to $194.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Finally, Susquehanna decreased their target price on Diamondback Energy to $188.00 and set a “positive” rating for the company in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $188.33.

Diamondback Energy Stock Performance

Shares of NASDAQ:FANG opened at $151.28 on Monday. The firm’s 50 day simple moving average is $150.37 and its 200 day simple moving average is $145.34. Diamondback Energy has a fifty-two week low of $114.00 and a fifty-two week high of $180.91. The company has a market capitalization of $43.33 billion, a price-to-earnings ratio of 10.51 and a beta of 0.59. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.62 and a quick ratio of 0.60.

Institutional Investors Weigh In On Diamondback Energy

Institutional investors have recently bought and sold shares of the company. Smead Capital Management Inc. acquired a new stake in shares of Diamondback Energy in the second quarter valued at approximately $144,775,000. Capital Research Global Investors grew its position in Diamondback Energy by 38.0% in the third quarter. Capital Research Global Investors now owns 3,798,812 shares of the oil and natural gas company’s stock valued at $543,610,000 after purchasing an additional 1,046,398 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in Diamondback Energy by 2,637.8% in the 3rd quarter. Balyasny Asset Management L.P. now owns 456,686 shares of the oil and natural gas company’s stock valued at $65,352,000 after buying an additional 440,005 shares during the last quarter. Vanguard Group Inc. lifted its position in Diamondback Energy by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 23,325,287 shares of the oil and natural gas company’s stock worth $3,204,894,000 after buying an additional 388,512 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Diamondback Energy by 9.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,642,218 shares of the oil and natural gas company’s stock worth $637,841,000 after buying an additional 384,971 shares during the last quarter. Institutional investors own 90.01% of the company’s stock.

Insider Buying and Selling at Diamondback Energy

In other news, Director Charles Alvin Meloy sold 377,911 shares of the company’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $138.61, for a total transaction of $52,382,243.71. Following the completion of the transaction, the director directly owned 1,044,864 shares of the company’s stock, valued at $144,828,599.04. This represents a 26.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is owned by corporate insiders.

Diamondback Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Thursday, November 13th. Diamondback Energy’s payout ratio is 27.80%.

Key Diamondback Energy News

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

• Positive Sentiment: KeyCorp raised its FY‑2027 EPS view to $15.16 (from $14.36) and increased Q1–Q4 2027 quarterly EPS estimates, signaling stronger medium‑term earnings expectations for Diamondback. This upgrade provides analyst support for FANG’s valuation. MarketBeat KeyCorp Notes
• Positive Sentiment: KeyCorp specifically bumped Q3 and Q4 2027 estimates (Q3 to $3.77, Q4 to $4.02) and raised Q1/Q2 2027 forecasts, which implies improved cash‑flow visibility into 2027 and could support buybacks/dividends or lower perceived risk. MarketBeat KeyCorp Notes
• Positive Sentiment: Benchmark Co. reiterated its Buy rating on Diamondback, providing continuity in sell‑side support and reducing catalyst risk from analyst downgrades. Benchmark Buy Rating
• Neutral Sentiment: The Globe and Mail published an analyst roundup covering Diamondback and peers (context on industry positioning and comparative metrics). Useful for thematic/peer benchmarking but not a direct stock catalyst. Analyst Roundup
• Neutral Sentiment: A MarketBeat sector piece notes elevated yields across energy names and investor interest in large pipeline projects (Orinoco). This is broader sector color; it may rotate investor attention but doesn’t directly change Diamondback’s fundamentals. Sector Commentary
• Negative Sentiment: KeyCorp trimmed near‑term forecasts: Q1 2026 EPS cut to $3.02 (from $3.16) and Q2 2026 to $3.20 (from $3.25). These downgrades could pressure short‑term sentiment and quarterly expectations. MarketBeat KeyCorp Notes

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.