Diamondback Energy (FANG) Expected to Announce Earnings on Monday

Diamondback Energy (NASDAQ:FANG) will likely be announcing its Q1 2025 earnings results after the market closes on Monday, May 5th. Analysts expect the company to announce earnings of $3.67 per share and revenue of $3.58 billion for the quarter.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Tuesday, February 25th. The oil and natural gas company reported $3.64 EPS for the quarter, beating analysts’ consensus estimates of $3.57 by $0.07. The firm had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.55 billion. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. On average, analysts expect Diamondback Energy to post $15 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Diamondback Energy Trading Up 1.5 %

FANG stock opened at $136.81 on Friday. The company has a market capitalization of $40.23 billion, a PE ratio of 7.83, a P/E/G ratio of 1.24 and a beta of 1.44. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42. Diamondback Energy has a 12 month low of $114.00 and a 12 month high of $214.50. The firm’s 50-day moving average is $142.89 and its 200 day moving average is $160.95.

Diamondback Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were issued a $1.00 dividend. This is a boost from Diamondback Energy’s previous quarterly dividend of $0.90. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend was Thursday, March 6th. Diamondback Energy’s dividend payout ratio (DPR) is currently 25.32%.

Analyst Ratings Changes

FANG has been the topic of a number of research analyst reports. Citigroup upgraded Diamondback Energy from a “reduce” rating to a “buy” rating and boosted their price target for the stock from $157.00 to $180.00 in a research note on Monday, April 7th. Raymond James dropped their target price on shares of Diamondback Energy from $245.00 to $214.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, March 12th. Truist Financial raised their price target on shares of Diamondback Energy from $238.00 to $242.00 and gave the stock a “buy” rating in a report on Thursday, April 17th. Barclays dropped their price objective on shares of Diamondback Energy from $200.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Finally, Bank of America upgraded Diamondback Energy from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $202.00 to $170.00 in a research note on Tuesday, April 29th. Two analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $197.70.

Insider Activity

In other news, Director Frank D. Tsuru purchased 2,000 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average cost of $156.51 per share, with a total value of $313,020.00. Following the completion of the acquisition, the director now owns 5,730 shares of the company’s stock, valued at approximately $896,802.30. This represents a 53.62 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company’s stock.

Diamondback Energy Company Profile

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.