Diamondback Energy (FANG) Projected to Post Quarterly Earnings on Monday

Diamondback Energy (NASDAQ:FANG) will likely be releasing its Q1 2025 earnings data after the market closes on Monday, May 5th. Analysts expect Diamondback Energy to post earnings of $3.67 per share and revenue of $3.58 billion for the quarter.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Tuesday, February 25th. The oil and natural gas company reported $3.64 earnings per share for the quarter, beating analysts’ consensus estimates of $3.57 by $0.07. Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. The business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.55 billion. On average, analysts expect Diamondback Energy to post $15 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Diamondback Energy Price Performance

Shares of NASDAQ:FANG opened at $136.76 on Monday. The company has a quick ratio of 0.42, a current ratio of 0.45 and a debt-to-equity ratio of 0.31. Diamondback Energy has a fifty-two week low of $114.00 and a fifty-two week high of $214.50. The firm has a 50-day simple moving average of $145.04 and a 200 day simple moving average of $162.57. The company has a market cap of $40.22 billion, a PE ratio of 7.83, a P/E/G ratio of 1.24 and a beta of 1.44.

Diamondback Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th were given a $1.00 dividend. This is a boost from Diamondback Energy’s previous quarterly dividend of $0.90. The ex-dividend date was Thursday, March 6th. This represents a $4.00 annualized dividend and a yield of 2.92%. Diamondback Energy’s dividend payout ratio is 25.32%.

Analysts Set New Price Targets

FANG has been the subject of several recent analyst reports. Citigroup upgraded shares of Diamondback Energy from a “reduce” rating to a “buy” rating and upped their target price for the stock from $157.00 to $180.00 in a research report on Monday, April 7th. JPMorgan Chase & Co. decreased their target price on shares of Diamondback Energy from $167.00 to $166.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Scotiabank decreased their target price on shares of Diamondback Energy from $215.00 to $175.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. Truist Financial upped their target price on shares of Diamondback Energy from $238.00 to $242.00 and gave the stock a “buy” rating in a research report on Thursday, April 17th. Finally, Wolfe Research upgraded shares of Diamondback Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a research report on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $200.96.

Insider Activity at Diamondback Energy

In other news, Director Frank D. Tsuru purchased 2,000 shares of Diamondback Energy stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price of $156.51 per share, for a total transaction of $313,020.00. Following the transaction, the director now owns 5,730 shares in the company, valued at $896,802.30. The trade was a 53.62 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.48% of the stock is owned by insiders.

Diamondback Energy Company Profile

Diamondback Energy, Inc, an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.