Q1 EPS Estimate for Diamondback Energy Increased by Analyst

Diamondback Energy, Inc. (NASDAQ:FANG) – Equities researchers at KeyCorp boosted their Q1 2026 earnings estimates for shares of Diamondback Energy in a research report issued on Wednesday, April 1st. KeyCorp analyst T. Rezvan now forecasts that the oil and natural gas company will earn $3.70 per share for the quarter, up from their prior estimate of $3.02. KeyCorp currently has a “Overweight” rating and a $225.00 target price on the stock. The consensus estimate for Diamondback Energy’s current full-year earnings is $15.49 per share. KeyCorp also issued estimates for Diamondback Energy’s Q2 2026 earnings at $6.16 EPS, Q3 2026 earnings at $5.69 EPS, Q4 2026 earnings at $5.21 EPS, FY2026 earnings at $20.74 EPS, Q1 2027 earnings at $5.01 EPS, Q2 2027 earnings at $4.90 EPS, Q3 2027 earnings at $4.73 EPS, Q4 2027 earnings at $4.88 EPS and FY2027 earnings at $19.53 EPS.

A number of other equities analysts have also recently issued reports on FANG. Scotiabank upgraded shares of Diamondback Energy to a “strong-buy” rating in a research report on Friday, March 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Diamondback Energy in a research report on Monday, December 29th. Sanford C. Bernstein lowered their price objective 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. Benchmark cut shares of Diamondback Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. Finally, The Goldman Sachs Group upped their price objective on shares of Diamondback Energy from $187.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Five analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $201.62.

Diamondback Energy Price Performance

FANG stock opened at $195.50 on Tuesday. The company has a 50 day simple moving average of $178.98 and a 200 day simple moving average of $158.80. The stock has a market cap of $54.99 billion, a price-to-earnings ratio of 34.85 and a beta of 0.50. Diamondback Energy has a 1 year low of $114.00 and a 1 year high of $204.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.42 and a quick ratio of 0.40.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings results on Monday, February 23rd. The oil and natural gas company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates 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 business’s revenue was down 9.0% on a year-over-year basis. During the same period last year, the company posted $3.67 EPS.

Diamondback Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Thursday, March 5th were given a $1.05 dividend. 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 annualized dividend and a yield of 2.1%. Diamondback Energy’s dividend payout ratio is currently 74.87%.

Insider Transactions at Diamondback Energy

In other Diamondback Energy news, Chairman Travis D. Stice sold 63,957 shares of the company’s stock in a transaction that occurred on 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 directly owned 305,314 shares in the company, valued at approximately $55,310,684.24. This represents a 17.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Fang Holdings Lp Sgf sold 1,000,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider owned 98,686,727 shares of the company’s stock, valued at approximately $16,074,094,093.76. This trade represents a 1.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,209,212 shares of company stock worth $199,689,401. 0.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Diamondback Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Boston Partners increased its position in Diamondback Energy by 2.9% in the 3rd quarter. Boston Partners now owns 5,733,538 shares of the oil and natural gas company’s stock valued at $821,649,000 after acquiring an additional 163,548 shares during the period. Geode Capital Management LLC increased its position in shares of Diamondback Energy by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 5,621,120 shares of the oil and natural gas company’s stock worth $844,073,000 after buying an additional 14,625 shares during the period. Bank of New York Mellon Corp increased its position in shares of Diamondback Energy by 11.5% during the fourth quarter. Bank of New York Mellon Corp now owns 5,159,365 shares of the oil and natural gas company’s stock worth $775,607,000 after buying an additional 532,756 shares during the period. Capital Research Global Investors increased its position in shares of Diamondback Energy by 14.1% during the fourth quarter. Capital Research Global Investors now owns 4,332,885 shares of the oil and natural gas company’s stock worth $651,363,000 after buying an additional 534,073 shares during the period. Finally, Morgan Stanley increased its position in shares of Diamondback Energy by 3.2% during the fourth quarter. Morgan Stanley now owns 3,828,941 shares of the oil and natural gas company’s stock worth $575,605,000 after buying an additional 117,798 shares during the period. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Diamondback Energy

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

• Positive Sentiment: KeyCorp sharply raised earnings forecasts across multiple quarters and years and reiterated an “Overweight” rating with a $225 price target — notable lifts include FY2026 EPS raised to $20.74 (from $13.24) and FY2027 to $19.53. These upgrades signal stronger near‑term cash‑flow and earnings expectations that support upside to the stock.
• Neutral Sentiment: Diamondback launched tender offers to repurchase outstanding 4.400% notes due 2051 and 4.250% notes due 2052 — an active debt-management step that can lower long-dated interest exposure if executed, but impact depends on participation and financing. Tender Offer Announcement
• Neutral Sentiment: Recent coverage highlights why FANG has gained ~56% over the past year — low-cost Permian operations, high-recovery assets and strong free cash flow — but also flags rising operating costs, leverage and reserve revisions as material risks for investors. Useful for balanced context. Diamondback Energy Gains 56% — Yahoo
• Negative Sentiment: An 11 million-share secondary sale by the largest shareholder (about $1.9B) expanded the public float without company issuance — increases share supply and can apply near-term downward pressure on the stock despite no dilution to existing shareholders. Float Expands — Yahoo

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.