Diamondback Energy (NASDAQ:FANG) Price Target Raised to $260.00

Diamondback Energy (NASDAQ:FANG) had its target price lifted by UBS Group from $256.00 to $260.00 in a report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the oil and natural gas company’s stock.

Several other equities research analysts have also recently weighed in on the stock. Raymond James Financial restated a “strong-buy” rating on shares of Diamondback Energy in a research report on Thursday, September 17th. Sanford C. Bernstein reiterated an “outperform” rating and set a $240.00 target price (up from $221.00) on shares of Diamondback Energy in a research report on Wednesday, September 2nd. Truist Financial upped their target price on shares of Diamondback Energy from $224.00 to $232.00 and gave the stock a “buy” rating in a research report on Wednesday. Roth Capital increased their price target on shares of Diamondback Energy from $205.00 to $212.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Finally, BMO Capital Markets raised their price target on shares of Diamondback Energy from $215.00 to $224.00 and gave the company an “outperform” rating in a report on Friday, October 2nd. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $228.29.

Diamondback Energy Price Performance

Shares of FANG stock traded down $0.62 during trading hours on Wednesday, hitting $178.96. 1,636,638 shares of the company’s stock were exchanged, compared to its average volume of 2,034,797. Diamondback Energy has a 52 week low of $139.41 and a 52 week high of $216.90. The stock has a market cap of $50.11 billion, a price-to-earnings ratio of 24.48 and a beta of 0.49. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.47 and a quick ratio of 0.45. The stock’s 50-day moving average is $195.72 and its 200-day moving average is $189.95.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Monday, November 2nd. The oil and natural gas company reported $5.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.72 by $0.14. The business had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $4.60 billion. Diamondback Energy had a return on equity of 11.99% and a net margin of 11.03%. The firm’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.08 earnings per share. As a group, research analysts forecast that Diamondback Energy will post 22.57 EPS for the current year.

Diamondback Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, November 12th will be given a $1.18 dividend. The ex-dividend date is Thursday, November 12th. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.10. This represents a $4.72 dividend on an annualized basis and a yield of 2.6%. Diamondback Energy’s dividend payout ratio is 60.19%.

Insider Activity

In other news, Director Travis D. Stice sold 75,000 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $204.31, for a total value of $15,323,250.00. Following the transaction, the director owned 49,727 shares of the company’s stock, valued at approximately $10,159,723.37. This trade represents a 60.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles Meloy sold 33,333 shares of the firm’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $183.74, for a total transaction of $6,124,605.42. Following the completion of the transaction, the director directly owned 759,864 shares in the company, valued at $139,617,411.36. This trade represents a 4.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Diamondback Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in Diamondback Energy in the second quarter valued at approximately $3,303,362,000. Bank of New York Mellon Corp bought a new stake in shares of Diamondback Energy during the 2nd quarter valued at $852,791,000. Wellington Management Group LLP raised its position in shares of Diamondback Energy by 31.3% during the 2nd quarter. Wellington Management Group LLP now owns 16,420,247 shares of the oil and natural gas company’s stock valued at $2,886,351,000 after acquiring an additional 3,918,943 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Diamondback Energy in the 2nd quarter valued at $268,855,000. Finally, Legal & General Group Plc acquired a new position in shares of Diamondback Energy in the 2nd quarter valued at $176,828,000. 90.01% of the stock is owned by institutional investors.

Key Diamondback Energy News

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

• Positive Sentiment: Diamondback raised its dividend by 7.3%, adding to the income case for the stock. Article: Diamondback Just Raised Its Dividend 7.3%
• Positive Sentiment: UBS raised its price target to $260 and maintained a Buy rating, signaling substantial potential upside in the analyst’s view. Article: UBS Group Forecasts Strong Price Appreciation for Diamondback Energy
• Positive Sentiment: Zacks added FANG to its #1 (Strong Buy) rankings for income, value, and overall stock selection. These screen-based endorsements may support sentiment, though they are not guarantees of performance. Article: New Strong Buy Stocks for November 6th
• Positive Sentiment: Management raised its 2026 production outlook and highlighted disciplined spending, improving Barnett well economics, and recovery technology as part of its Permian growth strategy. Article: FANG Q3 Earnings Call Highlights Capital Discipline and Permian Growth
• Neutral Sentiment: Diamondback said it will reinvest its Viper Energy distributions in Viper equity, a capital-allocation decision that increases its Viper exposure but does not itself represent a cash payout to FANG shareholders. Article: Viper Energy Adopts Distribution Reinvestment Plan
• Neutral Sentiment: Other recent coverage described analyst opinions on Diamondback as mixed, tempering the positive signal from UBS’s target increase. Article: Analysts’ Opinions Are Mixed on These Energy Stocks

Diamondback Energy Company Profile

Diamondback Energy is an independent oil and natural gas company focused on the development and production of energy resources in the Permian Basin, primarily in West Texas and southeastern New Mexico. Its operations include exploration, drilling and production.

The company produces crude oil, natural gas and natural gas liquids. Its activities are concentrated in the Midland and Delaware Basin regions, where it develops oil and gas properties and related reserves.

Founded in 2007 and headquartered in Midland, Texas, Diamondback has expanded its Permian Basin operations over time, including through acquisitions.