Research Analysts Offer Predictions for FANG Q1 Earnings

Diamondback Energy, Inc. (NASDAQ:FANG) – Stock analysts at Zacks Research lifted their Q1 2026 earnings per share estimates for Diamondback Energy in a research note issued to investors on Monday, September 29th. Zacks Research analyst Team now expects that the oil and natural gas company will earn $2.71 per share for the quarter, up from their prior forecast of $2.69. The consensus estimate for Diamondback Energy’s current full-year earnings is $15.49 per share. Zacks Research also issued estimates for Diamondback Energy’s Q4 2026 earnings at $2.79 EPS, FY2026 earnings at $10.72 EPS, Q1 2027 earnings at $2.96 EPS, Q2 2027 earnings at $3.04 EPS and FY2027 earnings at $11.94 EPS.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings results on Monday, August 4th. The oil and natural gas company reported $2.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.05). Diamondback Energy had a net margin of 27.25% and a return on equity of 9.48%. The company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same period in the previous year, the firm posted $4.52 earnings per share. The company’s revenue was up 48.1% compared to the same quarter last year.

Several other analysts have also commented on FANG. Mizuho dropped their price target on shares of Diamondback Energy from $183.00 to $176.00 and set an “outperform” rating on the stock in a research report on Monday, September 15th. Wall Street Zen cut Diamondback Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. UBS Group lifted their price target on Diamondback Energy from $163.00 to $171.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. William Blair started coverage on Diamondback Energy in a research report on Monday, August 25th. They set an “outperform” rating on the stock. Finally, Piper Sandler cut their price objective on Diamondback Energy from $228.00 to $222.00 and set an “overweight” rating for the company in a research report on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the company. Based on data from MarketBeat, Diamondback Energy currently has an average rating of “Buy” and a consensus target price of $193.39.

Diamondback Energy Price Performance

NASDAQ:FANG opened at $143.10 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.55 and a quick ratio of 0.52. The company has a 50 day moving average price of $142.85 and a 200-day moving average price of $141.74. Diamondback Energy has a 1-year low of $114.00 and a 1-year high of $200.47. The firm has a market cap of $41.43 billion, a price-to-earnings ratio of 10.17 and a beta of 1.14.

Diamondback Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.8%. Diamondback Energy’s dividend payout ratio is presently 28.43%.

Insider Buying and Selling at Diamondback Energy

In other news, Chairman Travis D. Stice sold 20,400 shares of Diamondback Energy stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $142.80, for a total value of $2,913,120.00. Following the sale, the chairman directly owned 102,145 shares of the company’s stock, valued at $14,586,306. The trade was a 16.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.48% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BankPlus Trust Department purchased a new position in shares of Diamondback Energy in the first quarter worth about $27,000. Creekmur Asset Management LLC acquired a new stake in Diamondback Energy in the 2nd quarter valued at about $28,000. Pinnacle Bancorp Inc. lifted its stake in Diamondback Energy by 95.7% in the 1st quarter. Pinnacle Bancorp Inc. now owns 180 shares of the oil and natural gas company’s stock worth $29,000 after purchasing an additional 88 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Diamondback Energy during the 2nd quarter worth approximately $29,000. Finally, SouthState Corp grew its position in shares of Diamondback Energy by 596.4% in the first quarter. SouthState Corp now owns 195 shares of the oil and natural gas company’s stock valued at $31,000 after purchasing an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 90.01% of the company’s stock.

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.