Zacks Research Expects Lower Earnings for Diamondback Energy

Diamondback Energy, Inc. (NASDAQ:FANG) – Research analysts at Zacks Research dropped their Q3 2026 earnings per share (EPS) estimates for Diamondback Energy in a research report issued on Wednesday, January 28th. Zacks Research analyst Team now expects that the oil and natural gas company will post earnings per share of $2.23 for the quarter, down from their prior forecast of $2.38. The consensus estimate for Diamondback Energy’s current full-year earnings is $15.49 per share.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings results on Monday, November 3rd. The oil and natural gas company reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $2.94 by $0.14. The firm had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Diamondback Energy had a net margin of 27.32% and a return on equity of 9.57%. The business’s revenue for the quarter was up 48.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.19 earnings per share.

Several other research firms also recently weighed in on FANG. Jefferies Financial Group reaffirmed a “hold” rating and set a $173.00 price target on shares of Diamondback Energy in a research note on Monday, January 19th. Citigroup lowered their target price on Diamondback Energy from $180.00 to $178.00 and set a “buy” rating for the company in a report on Tuesday, January 6th. Mizuho cut their price target on Diamondback Energy from $195.00 to $194.00 and set an “outperform” rating on the stock in a research note on Thursday, January 22nd. Wells Fargo & Company increased their target price on shares of Diamondback Energy from $169.00 to $171.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $173.00 price target on shares of Diamondback Energy in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $185.90.

Diamondback Energy Price Performance

Diamondback Energy stock opened at $160.27 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.62 and a quick ratio of 0.60. The stock has a market cap of $45.90 billion, a price-to-earnings ratio of 11.14 and a beta of 0.59. The firm has a 50-day moving average of $151.46 and a two-hundred day moving average of $146.00. Diamondback Energy has a 1 year low of $114.00 and a 1 year high of $173.01.

Diamondback Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were paid a dividend of $1.00 per share. The ex-dividend date was Thursday, November 13th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.5%. Diamondback Energy’s payout ratio is presently 27.80%.

Insider Activity

In related news, Director Charles Alvin Meloy sold 377,911 shares of the stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $138.61, for a total value of $52,382,243.71. Following the completion of the transaction, the director directly owned 1,044,864 shares of the company’s stock, valued at $144,828,599.04. This trade represents a 26.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.48% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FANG. Flagship Harbor Advisors LLC acquired a new stake in shares of Diamondback Energy during the fourth quarter worth $25,000. Richardson Financial Services Inc. raised its stake in Diamondback Energy by 245.1% in the 4th quarter. Richardson Financial Services Inc. now owns 176 shares of the oil and natural gas company’s stock worth $26,000 after acquiring an additional 125 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in Diamondback Energy during the 3rd quarter worth about $26,000. Creekmur Asset Management LLC purchased a new stake in Diamondback Energy during the 2nd quarter valued at about $28,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Diamondback Energy by 106.3% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the oil and natural gas company’s stock worth $28,000 after purchasing an additional 102 shares during 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.