Scotiabank Raises Diamondback Energy (NASDAQ:FANG) Price Target to $195.00

Diamondback Energy (NASDAQ:FANG) had its price target increased by Scotiabank from $175.00 to $195.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “sector outperform” rating on the oil and natural gas company’s stock. Scotiabank’s target price would suggest a potential downside of 0.30% from the stock’s current price.

FANG has been the subject of several other research reports. Sanford C. Bernstein lowered their price target on shares of Diamondback Energy from $199.00 to $190.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. TD Cowen upgraded shares of Diamondback Energy to a “strong-buy” rating in a research report on Monday, February 9th. Wells Fargo & Company increased their price objective on Diamondback Energy from $202.00 to $262.00 and gave the stock an “overweight” rating in a report on Monday. KeyCorp increased their price objective on Diamondback Energy from $196.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. Finally, Mizuho increased their price objective on Diamondback Energy from $205.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Diamondback Energy has a consensus rating of “Buy” and a consensus price target of $207.95.

Diamondback Energy Stock Up 0.9%

NASDAQ:FANG opened at $195.59 on Wednesday. The stock has a 50 day moving average of $184.49 and a 200-day moving average of $162.23. The firm has a market capitalization of $55.02 billion, a PE ratio of 34.86 and a beta of 0.50. The company has a current ratio of 0.42, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32. Diamondback Energy has a 52 week low of $127.75 and a 52 week high of $204.91.

Diamondback Energy (NASDAQ:FANG) last released its quarterly 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). The firm had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.41 billion. Diamondback Energy had a return on equity of 8.08% and a net margin of 11.07%.The firm’s revenue was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.67 EPS. Analysts predict that Diamondback Energy will post 16.65 EPS for the current year.

Insider Transactions at Diamondback Energy

In related news, Chairman Travis D. Stice sold 63,957 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $181.16, for a total value of $11,586,450.12. Following the completion of the transaction, the chairman owned 305,314 shares in the company, valued at $55,310,684.24. This represents a 17.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Charles Alvin Meloy sold 60,605 shares of the stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $161.12, for a total transaction of $9,764,677.60. Following the completion of the transaction, the director owned 982,006 shares of the company’s stock, valued at $158,220,806.72. This represents a 5.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,217,069 shares of company stock worth $201,213,109 over the last ninety days. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Diamondback Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Moss Adams Wealth Advisors LLC bought a new position in Diamondback Energy during the 1st quarter valued at $261,000. Continuum Advisory LLC bought a new position in Diamondback Energy during the 1st quarter valued at $203,000. Patriot Financial Group Insurance Agency LLC boosted its stake in Diamondback Energy by 417.8% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 10,424 shares of the oil and natural gas company’s stock valued at $2,062,000 after purchasing an additional 8,411 shares in the last quarter. Goodman Advisory Group LLC bought a new position in Diamondback Energy during the 1st quarter valued at $3,128,000. Finally, Montgomery Investment Management Inc. boosted its stake in Diamondback Energy by 0.7% during the 1st quarter. Montgomery Investment Management Inc. now owns 44,474 shares of the oil and natural gas company’s stock valued at $8,797,000 after purchasing an additional 300 shares in the last quarter. 90.01% of the stock is owned by institutional investors.

More Diamondback Energy News

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

• Positive Sentiment: Scotiabank raised its price target to $195 and moved to a “sector outperform” rating, signaling buy-side momentum from a major regional bank and likely supporting demand for the shares. Scotiabank price target raise
• Positive Sentiment: Analysts (Zacks Research and others) have been lifting near‑term and FY2026‑FY2027 EPS forecasts for Diamondback — Zacks’ published note shows multiple quarterly and full‑year increases (FY2027 raised toward ~$10.18 in one note), which improves forward earnings visibility and supports a higher valuation multiple.
• Positive Sentiment: Media pieces highlighting continued Wall Street “buy” or bullish consensus for FANG are amplifying demand from momentum and fundamental investors who track the average brokerage recommendation. Wall Street Bulls: Should You Buy?
• Positive Sentiment: Bullish fundamental commentary argues that structural oil drivers (supply discipline, geopolitical risk) support higher medium‑term oil prices and favor Permian producers like Diamondback, reinforcing investor interest. Why peace won’t bring back cheap oil
• Neutral Sentiment: Comparisons within the Permian (FANG vs. Permian Resources) show Diamondback’s scale and cash flow strengths but note competitors’ lower valuations — useful context for relative positioning but mixed for immediate price direction. FANG vs PR Permian comparison
• Neutral Sentiment: Sector performance write‑ups show FANG outperforming some energy peers YTD, which can attract momentum flows but may also reduce short‑term upside as investors assess relative value. Sector performance vs FANG
• Negative Sentiment: Macroeconomic/political headlines: a Bloomberg piece (carried on Yahoo) highlights the Trump administration publicly saying oil price spikes are temporary and tied to geopolitics — if markets buy that narrative, it could cap crude and weigh on oil producers’ upside. Trump promises lower oil prices
• Negative Sentiment: Valuation/positioning concerns: coverage questioning whether FANG looks overvalued after recent gains and the stock’s elevated PE (~35) could prompt profit‑taking or temper larger inflows if investors rotate to cheaper energy names. Overvaluation assessment

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.