Zacks Research Has Positive Forecast for FANG Q2 Earnings

Diamondback Energy, Inc. (NASDAQ:FANG) – Equities researchers at Zacks Research increased their Q2 2026 earnings per share (EPS) estimates for shares of Diamondback Energy in a research note issued to investors on Friday, July 17th. Zacks Research analyst Team now anticipates that the oil and natural gas company will earn $5.37 per share for the quarter, up from their prior forecast of $5.24. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Diamondback Energy’s current full-year earnings is $18.90 per share. Zacks Research also issued estimates for Diamondback Energy’s Q3 2026 earnings at $4.32 EPS, Q1 2028 earnings at $3.57 EPS, Q2 2028 earnings at $3.51 EPS and FY2028 earnings at $14.83 EPS.

Several other equities analysts have also issued reports on the company. Weiss Ratings lowered Diamondback Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. Susquehanna increased their price target on shares of Diamondback Energy from $245.00 to $255.00 and gave the company a “positive” rating in a research report on Tuesday. Barclays lifted their price objective on shares of Diamondback Energy from $225.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Wall Street Zen upgraded shares of Diamondback Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, KeyCorp upped their target price on shares of Diamondback Energy from $196.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, April 2nd. Four analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $218.68.

Diamondback Energy Trading Up 2.3%

NASDAQ:FANG opened at $199.80 on Monday. Diamondback Energy has a 1-year low of $134.30 and a 1-year high of $214.51. The business’s 50-day moving average price is $191.25 and its two-hundred day moving average price is $181.66. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $56.21 billion, a price-to-earnings ratio of 232.33 and a beta of 0.42.

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

Diamondback Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.2%. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.05. The ex-dividend date was Thursday, May 14th. Diamondback Energy’s dividend payout ratio is currently 511.63%.

Insiders Place Their Bets

In related news, Director Mark Lawrence Plaumann sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $196.50, for a total value of $98,250.00. Following the completion of the transaction, the director directly owned 13,437 shares in the company, valued at approximately $2,640,370.50. The trade was a 3.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Matt Zmigrosky sold 5,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $200.54, for a total value of $1,002,700.00. Following the sale, the executive vice president directly owned 46,392 shares of the company’s stock, valued at approximately $9,303,451.68. The trade was a 9.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 113,691 shares of company stock worth $21,622,752. 0.64% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cedar Mountain Advisors LLC acquired a new stake in shares of Diamondback Energy during the first quarter worth $26,000. Flagship Harbor Advisors LLC acquired a new position in Diamondback Energy in the 4th quarter worth $25,000. Laurel Wealth Advisors LLC bought a new position in Diamondback Energy during the 4th quarter worth about $26,000. Richardson Financial Services Inc. increased its holdings in Diamondback Energy by 245.1% during 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 in the last quarter. Finally, JPL Wealth Management LLC acquired a new stake in shares of Diamondback Energy in the 3rd quarter valued at about $26,000. Institutional investors and hedge funds own 90.01% of the company’s stock.

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.