Diamondback Energy (NASDAQ:FANG) Price Target Raised to $248.00

Diamondback Energy (NASDAQ:FANG) had its target price hoisted by Piper Sandler from $215.00 to $248.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the oil and natural gas company’s stock.

A number of other equities analysts have also recently issued reports on the stock. Benchmark cut shares of Diamondback Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Diamondback Energy in a research report on Monday, December 29th. Susquehanna upped their target price on shares of Diamondback Energy from $182.00 to $199.00 and gave the company a “positive” rating in a research note on Wednesday, February 25th. The Goldman Sachs Group increased their price target on shares of Diamondback Energy from $187.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Mizuho raised their price target on shares of Diamondback Energy from $194.00 to $205.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Diamondback Energy has an average rating of “Buy” and an average target price of $191.67.

Diamondback Energy Stock Performance

FANG opened at $182.37 on Thursday. The stock’s 50 day simple moving average is $164.13 and its 200-day simple moving average is $152.48. The company has a current ratio of 0.42, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32. The stock has a market cap of $51.30 billion, a PE ratio of 32.51 and a beta of 0.59. Diamondback Energy has a 1 year low of $114.00 and a 1 year high of $186.65.

Diamondback Energy (NASDAQ:FANG) last issued its earnings results on Monday, February 23rd. The oil and natural gas company reported $1.74 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.26). Diamondback Energy had a return on equity of 8.08% and a net margin of 11.07%.The firm had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.41 billion. During the same period last year, the business earned $3.67 earnings per share. The firm’s revenue for the quarter was down 9.0% compared to the same quarter last year. Sell-side analysts forecast that Diamondback Energy will post 15.49 EPS for the current year.

Diamondback Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Thursday, March 5th were given a dividend of $1.05 per share. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.00. The ex-dividend date was Thursday, March 5th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.3%. Diamondback Energy’s dividend payout ratio is 74.87%.

Insider Buying and Selling

In other Diamondback Energy news, major shareholder Fang Holdings Lp Sgf sold 1,000,000 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $162.88, for a total transaction of $162,880,000.00. Following the sale, the insider directly owned 98,686,727 shares of the company’s stock, valued at approximately $16,074,094,093.76. This represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Travis D. Stice sold 36,043 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $181.08, for a total transaction of $6,526,666.44. Following the sale, the chairman directly owned 123,745 shares in the company, valued at $22,407,744.60. This represents a 22.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,168,462 shares of company stock worth $192,197,747 in the last quarter. 0.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FANG. Commerzbank Aktiengesellschaft FI raised its holdings in shares of Diamondback Energy by 233.9% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 12,673 shares of the oil and natural gas company’s stock valued at $1,814,000 after buying an additional 8,877 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Diamondback Energy by 9.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 117,733 shares of the oil and natural gas company’s stock worth $16,848,000 after buying an additional 10,289 shares in the last quarter. Moloney Securities Asset Management LLC bought a new stake in Diamondback Energy during the 3rd quarter worth about $472,000. Massachusetts Financial Services Co. MA grew its holdings in Diamondback Energy by 9.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,385,428 shares of the oil and natural gas company’s stock worth $198,255,000 after acquiring an additional 122,921 shares during the last quarter. Finally, WoodTrust Financial Corp acquired a new stake in Diamondback Energy in the 3rd quarter valued at about $1,624,000. Institutional investors own 90.01% of the company’s stock.

Key Headlines Impacting Diamondback Energy

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

• Positive Sentiment: Piper Sandler raised its price target substantially (to $248) and kept an overweight view, giving investors a near‑term fundamental endorsement and supporting upside expectations. Piper Sandler price target raise
• Positive Sentiment: Freedom Capital / Zacks published a “strong‑buy” upgrade, adding buy-side momentum and contributing to buying interest. Zacks / Freedom Capital upgrade
• Positive Sentiment: Diamondback recently lifted its quarterly dividend (to $1.05), which can support valuation and attract yield‑seeking investors. Dividend increase (MarketBeat)
• Neutral Sentiment: Reported short‑interest prints look inconsistent (days‑to‑cover ~0.0) and appear to be data artifacts; there’s no clear evidence of aggressive short covering driving today’s move.
• Negative Sentiment: SGF FANG Holdings launched and priced a large underwritten secondary offering (~11.0M shares, ≈$1.9B gross), which increases available supply and is a clear downward pressure risk since Diamondback receives no proceeds. Secondary offering priced (TipRanks)
• Negative Sentiment: Multiple senior insiders and directors disclosed multi‑million dollar sales (including CEO Kaes Van’t Hof and Director Charles Meloy), and press coverage is highlighting executives selling into the rally — a negative signal for sentiment and confidence. Executive selling coverage (Yahoo) Director sale (InsiderTrades)
• Negative Sentiment: Zacks / AmericanBankingNews flagged downward near‑term EPS estimate revisions for FANG, which increases earnings risk ahead of future reports. Zacks negative earnings estimate

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.