Diamondback Energy, Inc. (NASDAQ:FANG – Get Free Report) has been given an average recommendation of “Buy” by the twenty-six ratings firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, twenty have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $195.4286.
FANG has been the topic of several research reports. Roth Mkm reaffirmed a “buy” rating and set a $180.00 price target on shares of Diamondback Energy in a research note on Tuesday, February 24th. Wall Street Zen lowered Diamondback Energy from a “hold” rating to a “sell” rating in a research report on Saturday, December 27th. UBS Group boosted their price objective on Diamondback Energy from $194.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Freedom Capital upgraded shares of Diamondback Energy to a “strong-buy” rating in a research report on Tuesday, March 10th. Finally, Citigroup reduced their target price on shares of Diamondback Energy from $180.00 to $178.00 and set a “buy” rating on the stock in a research note on Tuesday, January 6th.
View Our Latest Report on FANG
Diamondback Energy Stock Performance
Diamondback Energy (NASDAQ:FANG – Get Free Report) last posted its quarterly earnings data on Monday, February 23rd. The oil and natural gas company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.26). The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.41 billion. Diamondback Energy had a return on equity of 8.08% and a net margin of 11.07%.The firm’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $3.67 EPS. Analysts forecast that Diamondback Energy will post 15.49 EPS for the current year.
Diamondback Energy Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Thursday, March 5th were issued a $1.05 dividend. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 2.2%. The ex-dividend date was Thursday, March 5th. Diamondback Energy’s dividend payout ratio (DPR) is currently 74.87%.
Trending Headlines about Diamondback Energy
Here are the key news stories impacting Diamondback Energy this week:
- Positive Sentiment: Multiple banks raised ratings and price targets (large upside signals that boost demand): Raymond James moved its target to $240. Raymond James PT Raise
- Positive Sentiment: Wells Fargo reiterated a positive view and raised its target to $202, supporting buy-side interest. Wells Fargo Note
- Positive Sentiment: Diamondback increased its quarterly dividend to $1.05 (annualized $4.20), raising yield and reinforcing the stock’s income appeal. Dividend Increase
- Neutral Sentiment: Short-interest data shows effectively zero reported short position (likely a data glitch), so short squeezes are not a near‑term factor. (internal filings/data)
- Neutral Sentiment: Analyst/press coverage names Diamondback as a play on higher oil prices while also noting some peers (ConocoPhillips, EOG) currently show stronger liquidity/leverage metrics — useful for relative positioning but not directly negative to FANG. Peer Coverage
- Negative Sentiment: Significant insider selling across multiple executives could cap upside and concerns among some investors: EVP Matt Zmigrosky sold a large block (reported 20,899 shares) and other insiders have sold in recent days. Zmigrosky Sale
- Negative Sentiment: Director Steven E. West sold 6,000 shares (~$1.13M) — filing with the SEC. Steven West SEC Filing
- Negative Sentiment: CAO Teresa L. Dick sold 5,000 shares (~$950k) and CFO Jere Thompson III also trimmed a small position (750 shares) — additional insider dispositions disclosed via SEC filings. Teresa Dick SEC Filing Thompson SEC Filing
Insider Transactions at Diamondback Energy
In other news, EVP Matt Zmigrosky sold 20,899 shares of the stock in a transaction on Friday, March 13th. The stock was sold at an average price of $180.00, for a total value 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 SEC, which is available through this hyperlink. Also, major shareholder Fang Holdings Lp Sgf sold 1,000,000 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $162.88, for a total value of $162,880,000.00. Following the completion of the transaction, the insider owned 98,686,727 shares in the company, valued at $16,074,094,093.76. This represents a 1.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 1,209,212 shares of company stock valued at $199,689,401. 0.70% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Diamondback Energy
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC bought a new position in Diamondback Energy during the fourth quarter worth about $25,000. Laurel Wealth Advisors LLC bought a new stake in shares of Diamondback Energy in the 4th quarter valued at about $26,000. Richardson Financial Services Inc. raised its position 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 valued at $26,000 after acquiring an additional 125 shares during the period. JPL Wealth Management LLC acquired a new stake in shares of Diamondback Energy in the 3rd quarter valued at approximately $26,000. Finally, Wellington Shields & Co. LLC boosted its stake in Diamondback Energy by 264.7% during the 4th quarter. Wellington Shields & Co. LLC now owns 186 shares of the oil and natural gas company’s stock worth $28,000 after acquiring an additional 135 shares during the last quarter. Institutional investors own 90.01% of the company’s stock.
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.
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