Raymond James Financial Raises Diamondback Energy (NASDAQ:FANG) Price Target to $240.00

Diamondback Energy (NASDAQ:FANG) had its price target boosted by equities researchers at Raymond James Financial from $210.00 to $240.00 in a note issued to investors on Tuesday, MarketBeat.com reports. The brokerage presently has a “strong-buy” rating on the oil and natural gas company’s stock. Raymond James Financial’s target price indicates a potential upside of 26.53% from the company’s current price.

FANG has been the topic of a number of other research reports. Piper Sandler upped their price target on shares of Diamondback Energy from $215.00 to $248.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Benchmark lowered Diamondback Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. Morgan Stanley dropped their price objective on Diamondback Energy from $183.00 to $171.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Jefferies Financial Group restated a “hold” rating and set a $173.00 target price on shares of Diamondback Energy in a research report on Monday, January 19th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $180.00 target price on shares of Diamondback Energy in a research note on Tuesday, February 24th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $195.43.

Diamondback Energy Stock Up 1.3%

Shares of NASDAQ FANG opened at $189.68 on Tuesday. The company has a market capitalization of $53.36 billion, a P/E ratio of 33.81 and a beta of 0.59. Diamondback Energy has a 52-week low of $114.00 and a 52-week high of $191.20. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.40 and a current ratio of 0.42. The company’s 50 day moving average price is $166.68 and its 200-day moving average price is $153.28.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Monday, February 23rd. The oil and natural gas company reported $1.74 earnings per share 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 for the quarter, compared to analyst estimates of $3.41 billion. During the same quarter last year, the company earned $3.67 earnings per share. The company’s quarterly revenue was down 9.0% compared to the same quarter last year. Equities analysts forecast that Diamondback Energy will post 15.49 earnings per share for the current year.

Insider Activity

In other news, EVP Matt Zmigrosky sold 20,899 shares of the stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $180.00, for a total transaction of $3,761,820.00. Following the transaction, the executive vice president owned 60,493 shares of the company’s stock, valued at $10,888,740. This represents a 25.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles Alvin Meloy sold 60,605 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $161.12, for a total value of $9,764,677.60. Following the completion of the sale, the director owned 982,006 shares of the company’s stock, valued at approximately $158,220,806.72. This represents a 5.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,194,111 shares of company stock valued at $196,828,019. Corporate insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Diamondback Energy

A number of hedge funds have recently added to or reduced their stakes in FANG. Flagship Harbor Advisors LLC acquired a new position in shares of Diamondback Energy during the fourth quarter worth approximately $25,000. Richardson Financial Services Inc. lifted its holdings in shares of Diamondback Energy by 245.1% in the 4th quarter. Richardson Financial Services Inc. now owns 176 shares of the oil and natural gas company’s stock worth $26,000 after purchasing an additional 125 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new stake in Diamondback Energy in the 4th quarter valued at $26,000. JPL Wealth Management LLC acquired a new stake in Diamondback Energy in the 3rd quarter valued at $26,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its stake in Diamondback Energy by 106.3% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the oil and natural gas company’s stock valued at $28,000 after purchasing an additional 102 shares in the last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

More Diamondback Energy News

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

• Positive Sentiment: Raymond James raised its price target to $240 and assigned a “strong‑buy,” signaling substantial upside expectations that likely spurred buying interest. Read More.
• Positive Sentiment: Mizuho boosted its target to $220 and moved to “outperform,” adding to the cluster of bullish analyst actions. Read More.
• Positive Sentiment: Wells Fargo reiterated and raised its outlook (new $202 target/”overweight”), another institutional vote reinforcing the buy case. Read More.
• Positive Sentiment: UBS and Barclays have also lifted targets recently (UBS to $216, Barclays to ~$190), concentrating analyst optimism across the name. Read More.
• Positive Sentiment: Wider energy tailwinds: Bank of America highlights a supply shock that supports higher oil price assumptions—sector dynamics that benefit Diamondback. Read More.
• Positive Sentiment: Diamondback was named among energy picks to play higher oil in recent press (Barron’s), which can attract thematic flows into FANG. Read More.
• Positive Sentiment: Company raised its quarterly dividend to $1.05 (annualized $4.20), supporting yield‑focused demand. Read More.
• Neutral Sentiment: Citi reiterated a buy rating on FANG (continuing coverage) — supportive but less directional than the fresh PT increases. Read More.
• Neutral Sentiment: Diamondback missed the February quarter EPS consensus ($1.74 vs. ~$2.00) and saw revenue slip year‑over‑year — a reminder earnings risk remains. Read More.
• Negative Sentiment: Large insider sellings were disclosed this week: EVP Matt Zmigrosky sold ~20,899 shares (~25.7% reduction), which may spook some shareholders. Read More.
• Negative Sentiment: VP Albert Barkmann sold 4,000 shares and CFO Jere Thompson III sold 750 shares — multiple insider dispositions that investors should monitor for pattern and timing. Read More. Read More.

About Diamondback Energy

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.