Q4 EPS Forecast for Diamondback Energy Boosted by Analyst

Diamondback Energy, Inc. (NASDAQ:FANG) – Investment analysts at KeyCorp raised their Q4 2026 earnings estimates for shares of Diamondback Energy in a report released on Wednesday, June 3rd. KeyCorp analyst T. Rezvan now anticipates that the oil and natural gas company will earn $5.39 per share for the quarter, up from their prior forecast of $5.24. KeyCorp has a “Overweight” rating and a $225.00 price target on the stock. The consensus estimate for Diamondback Energy’s current full-year earnings is $19.54 per share. KeyCorp also issued estimates for Diamondback Energy’s Q2 2027 earnings at $4.68 EPS, Q3 2027 earnings at $4.52 EPS and FY2027 earnings at $18.79 EPS.

A number of other research analysts also recently issued reports on FANG. Barclays boosted their price objective on shares of Diamondback Energy from $225.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Freedom Capital raised shares of Diamondback Energy to a “strong-buy” rating in a research report on Tuesday, March 10th. Mizuho boosted their price objective on shares of Diamondback Energy from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Susquehanna boosted their price objective on shares of Diamondback Energy from $231.00 to $245.00 and gave the company a “positive” rating in a research report on Wednesday, May 6th. Finally, Scotiabank boosted their price objective on shares of Diamondback Energy from $175.00 to $195.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Diamondback Energy presently has an average rating of “Moderate Buy” and an average target price of $223.26.

Diamondback Energy Trading Down 3.6%

NASDAQ:FANG opened at $202.94 on Friday. The company has a fifty day moving average of $196.14 and a 200 day moving average of $173.58. Diamondback Energy has a 52 week low of $134.30 and a 52 week high of $214.51. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $57.09 billion, a P/E ratio of 235.98 and a beta of 0.42.

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

Institutional Trading of Diamondback Energy

Hedge funds have recently modified their holdings of the business. Flagship Harbor Advisors LLC bought a new stake in shares of Diamondback Energy during the 4th quarter valued at $25,000. Richardson Financial Services Inc. boosted its holdings in shares of Diamondback Energy by 245.1% during the 4th quarter. Richardson Financial Services Inc. now owns 176 shares of the oil and natural gas company’s stock valued at $26,000 after buying an additional 125 shares in the last quarter. Laurel Wealth Advisors LLC bought a new stake in shares of Diamondback Energy during the 4th quarter valued at $26,000. Cedar Mountain Advisors LLC bought a new stake in shares of Diamondback Energy during the 1st quarter valued at $26,000. Finally, JPL Wealth Management LLC bought a new stake in shares of Diamondback Energy during the 3rd quarter valued at $26,000. Institutional investors own 90.01% of the company’s stock.

Insider Activity

In other news, Director Steven E. West sold 6,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $188.35, for a total transaction of $1,130,100.00. Following the sale, the director owned 4,484 shares in the company, valued at approximately $844,561.40. The trade was a 57.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Teresa L. Dick sold 7,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $200.90, for a total transaction of $1,406,300.00. Following the sale, the chief accounting officer owned 85,755 shares in the company, valued at approximately $17,228,179.50. This trade represents a 7.55% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 86,321 shares of company stock worth $16,386,359. 0.64% of the stock is currently owned by corporate insiders.

Diamondback Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th were issued a dividend of $1.10 per share. This is a boost from Diamondback Energy’s previous quarterly dividend of $1.05. The ex-dividend date was Thursday, May 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.2%. Diamondback Energy’s dividend payout ratio (DPR) is presently 511.63%.

Key Stories Impacting Diamondback Energy

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

• Positive Sentiment: Zacks Research nudged up multiple near- and mid-term earnings estimates for Diamondback Energy, including Q2 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, Q1 2028, FY2026, FY2027 and FY2028, which suggests slightly better earnings expectations ahead.
• Positive Sentiment: KeyCorp still rates Diamondback Energy Overweight with a $225 price target, signaling continued upside potential versus recent trading levels.
• Neutral Sentiment: Zacks Research maintained a Hold rating while only making small upward tweaks to forecasts, indicating the revisions are constructive but not strong enough to turn decisively bullish.
• Neutral Sentiment: The company remains on track for strong projected profitability, with consensus current-year EPS at $19.54 and analysts still modeling solid earnings across 2026-2028.
• Negative Sentiment: KeyCorp lowered its FY2027 and Q2 2027 EPS estimates and also cut Q3 2027 estimates, which may weigh on sentiment around longer-term growth.
• Negative Sentiment: A recent article highlighted that Diamondback has fallen since its last earnings report, suggesting investors remain cautious despite stable oil-market commentary.

About Diamondback Energy

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.