Q2 EPS Forecast for Diamondback Energy Lifted by Analyst

Diamondback Energy, Inc. (NASDAQ:FANG) – Equities researchers at Zacks Research increased their Q2 2026 earnings estimates for Diamondback Energy in a research note issued to investors on Monday, June 16th. Zacks Research analyst N. Choudhury now expects that the oil and natural gas company will earn $2.74 per share for the quarter, up from their previous estimate of $2.73. The consensus estimate for Diamondback Energy’s current full-year earnings is $15.49 per share. Zacks Research also issued estimates for Diamondback Energy’s Q4 2026 earnings at $2.84 EPS.

Several other research firms have also recently weighed in on FANG. UBS Group decreased their price objective on shares of Diamondback Energy from $175.00 to $163.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. KeyCorp decreased their price objective on shares of Diamondback Energy from $216.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st. Raymond James Financial restated a “strong-buy” rating on shares of Diamondback Energy in a research report on Thursday, May 22nd. Bank of America upped their price objective on shares of Diamondback Energy from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. Finally, Piper Sandler cut their target price on Diamondback Energy from $234.00 to $225.00 and set an “overweight” rating for the company in a research note on Tuesday, May 13th. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $193.13.

Diamondback Energy Stock Down 2.7%

FANG stock opened at $148.78 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of 0.31. The company’s 50 day moving average is $138.27 and its 200 day moving average is $152.13. The stock has a market cap of $43.47 billion, a price-to-earnings ratio of 9.10, a price-to-earnings-growth ratio of 1.39 and a beta of 1.06. Diamondback Energy has a 1-year low of $114.00 and a 1-year high of $214.50.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Monday, May 5th. The oil and natural gas company reported $4.54 earnings per share for the quarter, topping the consensus estimate of $3.67 by $0.87. The company had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.58 billion. Diamondback Energy had a net margin of 30.84% and a return on equity of 11.22%. Diamondback Energy’s revenue for the quarter was up 81.8% compared to the same quarter last year. During the same period in the prior year, the business earned $4.50 earnings per share.

Diamondback Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date was Thursday, May 15th. Diamondback Energy’s dividend payout ratio (DPR) is presently 24.46%.

Insider Activity

In related news, President Hof Matthew Kaes Van’t sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $142.69, for a total transaction of $1,426,900.00. Following the completion of the transaction, the president now owns 120,645 shares in the company, valued at $17,214,835.05. This represents a 7.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Diamondback Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Voya Investment Management LLC raised its holdings in shares of Diamondback Energy by 4.1% during the first quarter. Voya Investment Management LLC now owns 88,522 shares of the oil and natural gas company’s stock valued at $14,153,000 after acquiring an additional 3,518 shares in the last quarter. Lynx Investment Advisory raised its holdings in shares of Diamondback Energy by 18.4% during the first quarter. Lynx Investment Advisory now owns 2,739 shares of the oil and natural gas company’s stock valued at $438,000 after acquiring an additional 426 shares in the last quarter. First Hawaiian Bank raised its holdings in shares of Diamondback Energy by 2.8% during the first quarter. First Hawaiian Bank now owns 13,144 shares of the oil and natural gas company’s stock valued at $2,101,000 after acquiring an additional 352 shares in the last quarter. Inspire Investing LLC raised its holdings in shares of Diamondback Energy by 8.9% during the first quarter. Inspire Investing LLC now owns 40,548 shares of the oil and natural gas company’s stock valued at $6,483,000 after acquiring an additional 3,330 shares in the last quarter. Finally, Hodges Capital Management Inc. raised its holdings in shares of Diamondback Energy by 57.8% during the first quarter. Hodges Capital Management Inc. now owns 16,329 shares of the oil and natural gas company’s stock valued at $2,611,000 after acquiring an additional 5,982 shares in the last quarter. Institutional investors own 90.01% of the company’s stock.

About Diamondback Energy

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.