Zacks Research Analysts Boost Earnings Estimates for FANG

Diamondback Energy, Inc. (NASDAQ:FANG) – Equities researchers at Zacks Research increased their Q2 2026 earnings per share (EPS) estimates for Diamondback Energy in a report released on Friday, July 17th. Zacks Research analyst Team now anticipates that the oil and natural gas company will earn $5.37 per share for the quarter, up from their previous estimate of $5.24. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Diamondback Energy’s current full-year earnings is $19.14 per share. Zacks Research also issued estimates for Diamondback Energy’s Q3 2026 earnings at $4.32 EPS, Q1 2028 earnings at $3.57 EPS, Q2 2028 earnings at $3.51 EPS and FY2028 earnings at $14.83 EPS.

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

Other equities research analysts also recently issued reports about the company. Barclays increased their price target on Diamondback Energy from $225.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Wells Fargo & Company set a $212.00 target price on shares of Diamondback Energy in a research note on Monday, June 22nd. Susquehanna boosted their price target on shares of Diamondback Energy from $231.00 to $245.00 and gave the stock a “positive” rating in a research note on Wednesday, May 6th. Roth Capital set a $212.00 price objective on shares of Diamondback Energy and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, KeyCorp boosted their target price on Diamondback Energy from $196.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Four 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 MarketBeat, the company currently has an average rating of “Buy” and an average price target of $218.26.

Diamondback Energy Stock Performance

NASDAQ FANG opened at $195.38 on Monday. The business’s 50-day moving average price is $191.22 and its 200 day moving average price is $181.32. Diamondback Energy has a 52-week low of $134.30 and a 52-week high of $214.51. The firm has a market cap of $54.96 billion, a P/E ratio of 227.19 and a beta of 0.42. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.31.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Diamondback Energy by 18.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 139,308 shares of the oil and natural gas company’s stock worth $20,942,000 after purchasing an additional 21,575 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Diamondback Energy by 4.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,441,622 shares of the oil and natural gas company’s stock valued at $216,719,000 after buying an additional 56,194 shares during the period. Eagle Global Advisors LLC purchased a new position in Diamondback Energy in the fourth quarter valued at approximately $5,472,000. Hsbc Holdings PLC lifted its position in Diamondback Energy by 16.3% during the fourth quarter. Hsbc Holdings PLC now owns 338,577 shares of the oil and natural gas company’s stock valued at $50,890,000 after buying an additional 47,450 shares in the last quarter. Finally, QSM Asset Management Ltd lifted its position in Diamondback Energy by 100.0% during the fourth quarter. QSM Asset Management Ltd now owns 61,000 shares of the oil and natural gas company’s stock valued at $9,170,000 after buying an additional 30,500 shares in the last quarter. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Insider Transactions at Diamondback Energy

In related news, Director Mark Lawrence Plaumann sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $196.50, for a total value of $98,250.00. Following the completion of the transaction, the director directly owned 13,437 shares of the company’s stock, valued at $2,640,370.50. This trade represents a 3.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Teresa L. Dick sold 7,000 shares of Diamondback Energy stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $200.90, for a total value of $1,406,300.00. Following the transaction, the chief accounting officer directly owned 85,755 shares of the company’s stock, valued at approximately $17,228,179.50. This represents a 7.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 113,691 shares of company stock worth $21,622,752 over the last quarter. Insiders own 0.64% of the company’s stock.

Diamondback Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th were paid a dividend of $1.10 per share. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.3%. Diamondback Energy’s dividend payout ratio is presently 511.63%.

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.