Q2 EPS Forecast for Diamondback Energy Raised by Analyst

Diamondback Energy, Inc. (NASDAQ:FANG) – Investment analysts at Zacks Research boosted their Q2 2026 earnings estimates for shares of Diamondback Energy in a research note issued to investors on Monday, May 18th. Zacks Research analyst Team now anticipates that the oil and natural gas company will post earnings per share of $4.96 for the quarter, up from their previous forecast of $4.57. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Diamondback Energy’s current full-year earnings is $18.93 per share. Zacks Research also issued estimates for Diamondback Energy’s Q3 2026 earnings at $4.52 EPS, Q4 2026 earnings at $4.53 EPS and FY2027 earnings at $16.02 EPS.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Monday, May 4th. The oil and natural gas company reported $4.23 EPS for the quarter, beating the consensus estimate of $3.74 by $0.49. The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $3.83 billion. Diamondback Energy had a net margin of 1.87% and a return on equity of 7.76%. Diamondback Energy’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $4.54 EPS.

A number of other research firms have also issued reports on FANG. Sanford C. Bernstein raised their price target on shares of Diamondback Energy from $237.00 to $241.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Roth Mkm reissued a “neutral” rating and set a $205.00 price target on shares of Diamondback Energy in a research report on Tuesday, May 5th. Barclays raised their price target on shares of Diamondback Energy from $190.00 to $225.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Susquehanna raised their price target on shares of Diamondback Energy from $231.00 to $245.00 and gave the stock a “positive” rating in a research report on Wednesday, May 6th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $242.00 price target on shares of Diamondback Energy in a research report on Monday, April 27th. Five equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Diamondback Energy has a consensus rating of “Buy” and a consensus target price of $218.25.

Diamondback Energy Stock Performance

FANG opened at $207.77 on Wednesday. Diamondback Energy has a 12-month low of $132.20 and a 12-month high of $214.51. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $58.45 billion, a PE ratio of 241.60 and a beta of 0.46. The firm has a 50 day moving average of $192.80 and a two-hundred day moving average of $168.83.

Diamondback Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, May 14th. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.05. Diamondback Energy’s dividend payout ratio is 511.63%.

Insider Buying and Selling at Diamondback Energy

In other news, CAO Teresa L. Dick sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $190.00, for a total transaction of $950,000.00. Following the sale, the chief accounting officer owned 107,755 shares of the company’s stock, valued at $20,473,450. This trade represents a 4.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 Wednesday, May 13th. The stock was sold at an average price of $200.10, for a total transaction of $1,000,500.00. Following the sale, the executive vice president directly owned 51,392 shares in the company, valued at $10,283,539.20. The trade was a 8.87% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 169,321 shares of company stock worth $31,055,475. 0.64% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Diamondback Energy

Institutional investors have recently added to or reduced their stakes in the stock. Commerzbank Aktiengesellschaft FI grew its stake in Diamondback Energy by 233.9% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 12,673 shares of the oil and natural gas company’s stock valued at $1,814,000 after acquiring an additional 8,877 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Diamondback Energy by 9.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 117,733 shares of the oil and natural gas company’s stock worth $16,848,000 after buying an additional 10,289 shares in the last quarter. Moloney Securities Asset Management LLC purchased a new stake in shares of Diamondback Energy during the third quarter worth $472,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Diamondback Energy by 9.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,385,428 shares of the oil and natural gas company’s stock worth $198,255,000 after buying an additional 122,921 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Diamondback Energy by 2.4% during the third quarter. Assetmark Inc. now owns 256,638 shares of the oil and natural gas company’s stock worth $36,725,000 after buying an additional 5,936 shares in the last quarter. Institutional investors and hedge funds 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.