Diamondback Energy, Inc. (NASDAQ:FANG) Given Average Recommendation of “Buy” by Brokerages

Shares of Diamondback Energy, Inc. (NASDAQ:FANG) have been assigned a consensus recommendation of “Buy” from the twenty-five research firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and five have assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $220.6842.

FANG has been the subject of a number of research reports. Zacks Research lowered shares of Diamondback Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Citigroup boosted their price objective on Diamondback Energy from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Susquehanna lifted their price target on Diamondback Energy from $231.00 to $245.00 and gave the stock a “positive” rating in a report on Wednesday, May 6th. Scotiabank boosted their price target 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. Finally, Barclays upped their price objective on shares of Diamondback Energy from $225.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th.

Diamondback Energy Price Performance

Shares of Diamondback Energy stock opened at $172.04 on Friday. The stock has a market capitalization of $48.40 billion, a P/E ratio of 200.05 and a beta of 0.42. The business has a 50 day simple moving average of $193.52 and a two-hundred day simple moving average of $178.16. Diamondback Energy has a 12 month low of $134.30 and a 12 month high of $214.51. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.56 and a quick ratio of 0.55.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.74 by $0.49. Diamondback Energy had a return on equity of 7.76% and a net margin of 1.87%.The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same period in the previous year, the company posted $4.54 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. As a group, analysts predict that Diamondback Energy will post 19.47 EPS for the current fiscal year.

Diamondback Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th were paid a $1.10 dividend. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.6%. Diamondback Energy’s payout ratio is presently 511.63%.

Key Headlines Impacting Diamondback Energy

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

• Positive Sentiment: Zacks Research raised Diamondback Energy’s earnings estimates for FY2026, FY2027, FY2028 and several quarters in 2027-2028, signaling slightly improved profit expectations. Diamondback Energy analyst estimate update
• Neutral Sentiment: The firm kept its rating at Hold, which limits the bullish impact of the upgraded estimates. Diamondback Energy analyst estimate update
• Neutral Sentiment: Separate news showed Diamondback subsidiary Viper Energy completed its $337 million Riverbend mineral and royalty acquisition, a strategic expansion in the Permian Basin but not a direct earnings upgrade for FANG itself. Viper Energy acquisition completion

Insider Transactions at Diamondback Energy

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

Institutional Investors Weigh In On Diamondback Energy

Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in Diamondback Energy by 9.2% in the third quarter. Dimensional Fund Advisors LP now owns 2,355,480 shares of the oil and natural gas company’s stock valued at $337,078,000 after acquiring an additional 198,919 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Diamondback Energy by 18.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 139,308 shares of the oil and natural gas company’s stock worth $20,942,000 after acquiring an additional 21,575 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Diamondback Energy by 4.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,441,622 shares of the oil and natural gas company’s stock valued at $216,719,000 after purchasing an additional 56,194 shares during the last quarter. Eagle Global Advisors LLC purchased a new stake in shares of Diamondback Energy in the 4th quarter valued at approximately $5,472,000. Finally, Hsbc Holdings PLC increased its position in shares of Diamondback Energy by 16.3% in the 4th quarter. Hsbc Holdings PLC now owns 338,577 shares of the oil and natural gas company’s stock valued at $50,890,000 after purchasing an additional 47,450 shares during the last quarter. 90.01% of the stock is currently owned by institutional investors and hedge funds.

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.