Equities Analysts Offer Predictions for FANG FY2028 Earnings

Diamondback Energy, Inc. (NASDAQ:FANG) – Zacks Research lifted their FY2028 EPS estimates for Diamondback Energy in a research report issued on Thursday, April 30th. Zacks Research analyst Team now anticipates that the oil and natural gas company will earn $14.43 per share for the year, up from their previous forecast of $14.23. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Diamondback Energy’s current full-year earnings is $19.02 per share.

Several other research firms also recently weighed in on FANG. Jefferies Financial Group reiterated a “hold” rating and set a $173.00 price target on shares of Diamondback Energy in a research note on Monday, January 19th. Morgan Stanley raised their price target on shares of Diamondback Energy from $220.00 to $224.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. The Goldman Sachs Group upped their price objective on shares of Diamondback Energy from $187.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Roth Mkm reiterated a “neutral” rating and issued a $200.00 price objective (up from $180.00) on shares of Diamondback Energy in a research note on Wednesday, April 8th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $242.00 target price on shares of Diamondback Energy in a report on Monday. Five equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $208.05.

Diamondback Energy Price Performance

NASDAQ FANG opened at $205.63 on Friday. The company has a market cap of $57.85 billion, a price-to-earnings ratio of 36.65 and a beta of 0.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.42 and a quick ratio of 0.40. The stock’s fifty day moving average price is $187.42 and its 200 day moving average price is $164.12. Diamondback Energy has a 1 year low of $127.75 and a 1 year high of $206.90.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Monday, February 23rd. The oil and natural gas company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.26). The company had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.41 billion. Diamondback Energy had a return on equity of 8.08% and a net margin of 11.07%.The firm’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.67 EPS.

Diamondback Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Thursday, March 5th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Thursday, March 5th. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.00. Diamondback Energy’s dividend payout ratio is 74.87%.

Insider Buying and Selling at Diamondback Energy

In related news, Director Charles Alvin Meloy sold 7,857 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $193.93, for a total transaction of $1,523,708.01. Following the sale, the director directly owned 958,435 shares of the company’s stock, valued at approximately $185,869,299.55. This represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Matt Zmigrosky sold 4,101 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $190.51, for a total transaction of $781,281.51. Following the sale, the executive vice president owned 56,392 shares in the company, valued at approximately $10,743,239.92. This represents a 6.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,217,069 shares of company stock worth $201,213,109. 0.64% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Diamondback Energy

Several hedge funds have recently modified their holdings of FANG. Wellington Management Group LLP increased its stake in shares of Diamondback Energy by 74.1% in the 4th quarter. Wellington Management Group LLP now owns 3,239,837 shares of the oil and natural gas company’s stock valued at $487,045,000 after purchasing an additional 1,379,010 shares in the last quarter. EnCap Energy Capital Fund XII L.P. purchased a new position in Diamondback Energy during the fourth quarter worth approximately $169,342,000. Smead Capital Management Inc. acquired a new stake in Diamondback Energy in the second quarter valued at approximately $144,775,000. Capital Research Global Investors grew its holdings in Diamondback Energy by 38.0% in the third quarter. Capital Research Global Investors now owns 3,798,812 shares of the oil and natural gas company’s stock valued at $543,610,000 after purchasing an additional 1,046,398 shares during the period. Finally, Encompass Capital Advisors LLC purchased a new stake in shares of Diamondback Energy in the fourth quarter valued at approximately $112,198,000. 90.01% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Diamondback Energy

Here are the key news stories impacting Diamondback Energy this week:

• Positive Sentiment: Zacks Research upgraded FANG from “Hold” to “Strong-Buy” and nudged its FY2028 EPS estimate to $14.43 (from $14.23), signaling improved analyst conviction. Zacks.com Upgrade
• Positive Sentiment: Zacks added FANG to its Rank #1 (Strong Buy) list, increasing institutional attention and buy-side visibility. New Strong Buy Stocks for April 30th
• Positive Sentiment: Analysts and market commentators point to Diamondback as a likely beneficiary of higher crude after the UAE’s exit from OPEC/OPEC+, arguing low-cost Permian operators like FANG could capture near-term margin upside. Barchart: Diamondback Could Be the Smartest Bet
• Neutral Sentiment: Multiple previews and analyst notes are flagging FANG’s upcoming Q1 results as a key near-term catalyst — the quarter will test whether production, realized prices and costs validate the bullish narrative amid volatile oil markets. Gear Up for Diamondback Q1 Earnings
• Neutral Sentiment: Broader sector pieces and bullish theses (including retail commentary) are circulating that advance a longer-term constructive case on valuation and Permian footprint, but they hinge on sustained oil prices and execution. Is Diamondback a Good Stock To Buy Now?

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.