Zacks Research Analysts Lower Earnings Estimates for FANG

Diamondback Energy, Inc. (NASDAQ:FANG) – Investment analysts at Zacks Research lowered their FY2026 earnings estimates for shares of Diamondback Energy in a research note issued on Friday, July 17th. Zacks Research analyst Team now anticipates that the oil and natural gas company will post earnings of $18.11 per share for the year, down from their prior estimate of $18.70. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Diamondback Energy’s current full-year earnings is $18.90 per share. Zacks Research also issued estimates for Diamondback Energy’s Q4 2026 earnings at $4.19 EPS, Q2 2027 earnings at $3.97 EPS, Q3 2027 earnings at $4.26 EPS and FY2027 earnings at $16.42 EPS.

Other equities analysts have also issued reports about the company. KeyCorp increased their price objective on Diamondback Energy from $196.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. UBS Group dropped their target price on Diamondback Energy from $246.00 to $243.00 and set a “buy” rating for the company in a research report on Tuesday. Citigroup cut their target price on Diamondback Energy from $245.00 to $221.00 and set a “buy” rating for the company in a research note on Monday. Scotiabank increased their price target on shares of Diamondback Energy from $175.00 to $195.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Finally, Susquehanna lifted their price target on shares of Diamondback Energy from $245.00 to $255.00 and gave the stock a “positive” rating in a research note on Tuesday. Four research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $218.68.

Diamondback Energy Trading Up 2.3%

Shares of FANG stock opened at $199.80 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $191.25 and a two-hundred day moving average price of $181.66. Diamondback Energy has a 12-month low of $134.30 and a 12-month high of $214.51. The firm has a market cap of $56.21 billion, a P/E ratio of 232.33 and a beta of 0.42.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 EPS for the quarter, beating analysts’ consensus estimates of $3.74 by $0.49. Diamondback Energy had a return on equity of 7.76% and a net margin of 1.87%.The business had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the prior year, the firm earned $4.54 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis.

Institutional Trading of Diamondback Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Flagship Harbor Advisors LLC purchased a new stake in shares of Diamondback Energy during the fourth quarter valued at approximately $25,000. Richardson Financial Services Inc. increased its stake in shares of Diamondback Energy by 245.1% in the fourth quarter. Richardson Financial Services Inc. now owns 176 shares of the oil and natural gas company’s stock worth $26,000 after buying an additional 125 shares during the period. Laurel Wealth Advisors LLC purchased a new position in shares of Diamondback Energy in the fourth quarter worth $26,000. Cedar Mountain Advisors LLC bought a new stake in Diamondback Energy during the 1st quarter valued at $26,000. Finally, JPL Wealth Management LLC bought a new stake in Diamondback Energy during the 3rd quarter valued at $26,000. Institutional investors own 90.01% of the company’s stock.

Insider Buying and Selling

In related news, CAO Teresa L. Dick sold 7,000 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $200.90, for a total transaction of $1,406,300.00. Following the completion of the sale, the chief accounting officer directly owned 85,755 shares in the company, valued at $17,228,179.50. This represents a 7.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Matt Zmigrosky sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $200.54, for a total value of $1,002,700.00. Following the transaction, the executive vice president owned 46,392 shares in the company, valued at approximately $9,303,451.68. The trade was a 9.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 113,691 shares of company stock worth $21,622,752 in the last ninety days. Corporate insiders own 0.64% of the company’s stock.

Diamondback Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th were issued a $1.10 dividend. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Thursday, May 14th. Diamondback Energy’s dividend payout ratio (DPR) is presently 511.63%.

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.