Zacks Research Issues Optimistic Forecast for FANG Earnings

Diamondback Energy, Inc. (NASDAQ:FANG) – Equities research analysts at Zacks Research lifted their Q2 2026 EPS estimates for shares of Diamondback Energy in a research note issued on Thursday, July 2nd. Zacks Research analyst Team now expects that the oil and natural gas company will earn $5.24 per share for the quarter, up from their previous estimate of $5.22. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Diamondback Energy’s current full-year earnings is $19.47 per share. Zacks Research also issued estimates for Diamondback Energy’s FY2026 earnings at $18.70 EPS, Q1 2027 earnings at $4.31 EPS, Q2 2027 earnings at $3.98 EPS, Q3 2027 earnings at $4.36 EPS, Q4 2027 earnings at $3.87 EPS, FY2027 earnings at $16.51 EPS, Q1 2028 earnings at $3.52 EPS, Q2 2028 earnings at $3.45 EPS and FY2028 earnings at $14.62 EPS.

Several other research analysts also recently commented on the company. The Goldman Sachs Group boosted their target price on Diamondback Energy from $187.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Piper Sandler lifted their price objective on Diamondback Energy from $215.00 to $248.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Freedom Capital raised Diamondback Energy to a “strong-buy” rating in a research note on Tuesday, March 10th. Weiss Ratings restated a “hold (c)” rating on shares of Diamondback Energy in a report on Wednesday, May 27th. Finally, Mizuho raised their target price on Diamondback Energy from $220.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Five research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $220.68.

Diamondback Energy Stock Performance

NASDAQ FANG opened at $172.04 on Friday. The firm has a market cap of $48.40 billion, a price-to-earnings ratio of 200.05 and a beta of 0.42. The company has a 50 day moving average of $193.95 and a 200-day moving average of $178.21. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.31. Diamondback Energy has a 1-year low of $134.30 and a 1-year high of $214.51.

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

Diamondback Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $4.40 annualized dividend and a yield of 2.6%. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.05. Diamondback Energy’s dividend payout ratio (DPR) is currently 511.63%.

Insider Transactions at Diamondback Energy

In other news, CAO Teresa L. Dick sold 7,000 shares of Diamondback Energy stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $200.90, for a total value of $1,406,300.00. Following the completion of the sale, the chief accounting officer directly owned 85,755 shares of the company’s stock, valued at approximately $17,228,179.50. This trade represents a 7.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Matt Zmigrosky sold 5,000 shares of Diamondback Energy stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $200.10, for a total value of $1,000,500.00. Following the completion of the sale, the executive vice president directly owned 51,392 shares of the company’s stock, valued at $10,283,539.20. This trade represents a 8.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 121,548 shares of company stock valued at $23,146,460 over the last 90 days. 0.64% of the stock is currently owned by corporate insiders.

Institutional Trading of Diamondback Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC acquired a new position in Diamondback Energy in the first quarter valued at approximately $26,000. Flagship Harbor Advisors LLC acquired a new position in shares of Diamondback Energy in the 4th quarter valued at $25,000. Laurel Wealth Advisors LLC acquired a new position in shares of Diamondback Energy in the 4th quarter valued at $26,000. Richardson Financial Services Inc. boosted its position in shares of 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 purchasing an additional 125 shares during the last quarter. Finally, JPL Wealth Management LLC bought a new position in shares of Diamondback Energy in the 3rd quarter worth $26,000. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Diamondback Energy News Summary

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

• Positive Sentiment: Zacks Research nudged higher its earnings forecasts for Diamondback Energy across multiple periods, including Q2 2026, FY2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, Q1 2028, Q2 2028, FY2027, and FY2028. Higher EPS estimates can signal improving profitability expectations and may help investor sentiment. Diamondback Energy stock page
• Neutral Sentiment: Zacks Research kept a Hold rating on the stock, which suggests the updated estimates were not strong enough to prompt a more bullish recommendation. Diamondback Energy stock page
• Neutral Sentiment: Diamondback’s subsidiary, Viper Energy, completed its $337 million acquisition of Riverbend Oil & Gas IX mineral and royalty interests, expanding its Permian Basin footprint. The deal could be strategically positive over time, but it also adds leverage and execution risk in the near term. Viper Energy acquisition article

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.