Zacks Research Issues Positive Outlook for FANG Earnings

Diamondback Energy, Inc. (NASDAQ:FANG) – Zacks Research lifted their Q2 2026 earnings estimates for Diamondback Energy in a research note issued on Thursday, June 4th. Zacks Research analyst Team now expects that the oil and natural gas company will earn $5.22 per share for the quarter, up from their previous forecast of $5.20. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Diamondback Energy’s current full-year earnings is $19.54 per share. Zacks Research also issued estimates for Diamondback Energy’s Q4 2026 earnings at $4.61 EPS, FY2026 earnings at $18.67 EPS, Q1 2027 earnings at $4.28 EPS, Q2 2027 earnings at $3.97 EPS, Q3 2027 earnings at $4.35 EPS, Q4 2027 earnings at $3.82 EPS, FY2027 earnings at $16.42 EPS, Q1 2028 earnings at $3.50 EPS and FY2028 earnings at $14.53 EPS.

Several other equities research analysts have also recently weighed in on FANG. Piper Sandler upped their price objective on shares of Diamondback Energy from $215.00 to $248.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Citigroup upped their price objective on shares of Diamondback Energy from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Diamondback Energy in a research report on Wednesday, May 27th. Wall Street Zen raised shares of Diamondback Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Roth Mkm reissued a “neutral” rating and set a $205.00 target price on shares of Diamondback Energy in a research note on Tuesday, May 5th. Four research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $223.26.

Diamondback Energy Trading Down 3.6%

FANG opened at $202.94 on Friday. Diamondback Energy has a twelve month low of $134.30 and a twelve month high of $214.51. The company has a 50-day simple moving average of $196.14 and a 200 day simple moving average of $173.58. 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 stock has a market capitalization of $57.09 billion, a price-to-earnings ratio of 235.98 and a beta of 0.42.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Boston Partners increased its stake in shares of Diamondback Energy by 2.9% in the third quarter. Boston Partners now owns 5,733,538 shares of the oil and natural gas company’s stock valued at $821,649,000 after buying an additional 163,548 shares during the period. Geode Capital Management LLC increased its stake in shares of Diamondback Energy by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 5,621,120 shares of the oil and natural gas company’s stock valued at $844,073,000 after buying an additional 14,625 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Diamondback Energy by 11.5% in the fourth quarter. Bank of New York Mellon Corp now owns 5,159,365 shares of the oil and natural gas company’s stock valued at $775,607,000 after buying an additional 532,756 shares during the period. Capital Research Global Investors increased its stake in shares of Diamondback Energy by 14.1% in the fourth quarter. Capital Research Global Investors now owns 4,332,885 shares of the oil and natural gas company’s stock valued at $651,363,000 after buying an additional 534,073 shares during the period. Finally, Morgan Stanley increased its stake in shares of Diamondback Energy by 3.2% in the fourth quarter. Morgan Stanley now owns 3,828,941 shares of the oil and natural gas company’s stock valued at $575,605,000 after buying an additional 117,798 shares during the period. Institutional investors and hedge funds own 90.01% of the company’s stock.

Insiders Place Their Bets

In other Diamondback Energy news, EVP Matt Zmigrosky sold 20,899 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $180.00, for a total transaction of $3,761,820.00. Following the completion of the transaction, the executive vice president owned 60,493 shares of the company’s stock, valued at approximately $10,888,740. The trade was a 25.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles Alvin Meloy sold 7,857 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $183.27, for a total value of $1,439,952.39. Following the transaction, the director directly owned 974,149 shares of the company’s stock, valued at approximately $178,532,287.23. The trade was a 0.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 86,321 shares of company stock worth $16,386,359 in the last ninety days. Insiders own 0.64% of the company’s stock.

Diamondback Energy Increases Dividend

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

More Diamondback Energy News

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.

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.