William Blair Has Positive Outlook of FANG FY2025 Earnings

Diamondback Energy, Inc. (NASDAQ:FANG) – William Blair raised their FY2025 earnings per share estimates for Diamondback Energy in a research report issued on Wednesday, November 5th. William Blair analyst N. Dingmann now forecasts that the oil and natural gas company will post earnings of $12.47 per share for the year, up from their previous estimate of $12.29. William Blair has a “Outperform” rating on the stock. The consensus estimate for Diamondback Energy’s current full-year earnings is $15.49 per share.

Several other equities analysts also recently commented on the company. Susquehanna lowered their price objective on Diamondback Energy to $188.00 and set a “positive” rating on the stock in a research report on Monday, October 20th. Barclays decreased their target price on Diamondback Energy from $185.00 to $178.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Roth Capital set a $162.00 target price on Diamondback Energy and gave the stock a “buy” rating in a research report on Tuesday. Morgan Stanley decreased their target price on Diamondback Energy from $186.00 to $184.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 14th. Finally, Melius Research started coverage on Diamondback Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $213.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Diamondback Energy presently has an average rating of “Buy” and a consensus price target of $188.41.

Diamondback Energy Price Performance

Shares of Diamondback Energy stock opened at $137.29 on Thursday. The stock’s 50-day simple moving average is $142.58 and its 200-day simple moving average is $141.63. Diamondback Energy has a 52 week low of $114.00 and a 52 week high of $186.07. The company has a market capitalization of $39.74 billion, a price-to-earnings ratio of 9.54 and a beta of 0.99. The company has a quick ratio of 0.52, a current ratio of 0.62 and a debt-to-equity ratio of 0.35.

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

Institutional Trading of Diamondback Energy

Several hedge funds and other institutional investors have recently made changes to their positions in FANG. True North Advisors LLC acquired a new stake in Diamondback Energy during the first quarter worth approximately $327,000. Wealth Advisory Solutions LLC bought a new stake in shares of Diamondback Energy in the 1st quarter worth about $2,631,000. Nuveen LLC bought a new stake in shares of Diamondback Energy during the 1st quarter valued at about $230,039,000. Cornerstone Investment Partners LLC grew its position in shares of Diamondback Energy by 45.2% during the 1st quarter. Cornerstone Investment Partners LLC now owns 391,961 shares of the oil and natural gas company’s stock valued at $62,667,000 after buying an additional 122,105 shares during the last quarter. Finally, Vantage Investment Partners LLC boosted its stake in Diamondback Energy by 4.4% during the 2nd quarter. Vantage Investment Partners LLC now owns 83,184 shares of the oil and natural gas company’s stock valued at $11,429,000 after purchasing an additional 3,476 shares during the period. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Diamondback Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Thursday, November 13th. Diamondback Energy’s dividend payout ratio is currently 27.80%.

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.