Diamondback Energy (NASDAQ:FANG) Price Target Raised to $232.00

Diamondback Energy (NASDAQ:FANG) had its target price lifted by Truist Financial from $224.00 to $232.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a buy rating on the oil and natural gas company’s stock.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings raised Diamondback Energy from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, October 19th. Citigroup reduced their price objective on shares of Diamondback Energy from $221.00 to $220.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $240.00 price objective (up from $221.00) on shares of Diamondback Energy in a report on Wednesday, September 2nd. Scotiabank initiated coverage on shares of Diamondback Energy in a research report on Wednesday, October 14th. They issued a “sector outperform” rating and a $250.00 price objective on the stock. Finally, UBS Group raised their target price on shares of Diamondback Energy from $243.00 to $253.00 and gave the stock a “buy” rating in a research note on Monday, September 14th. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $228.29.

Diamondback Energy Stock Performance

NASDAQ:FANG traded down $0.62 on Wednesday, hitting $178.96. The company’s stock had a trading volume of 1,636,638 shares, compared to its average volume of 2,034,797. The company has a current ratio of 0.47, a quick ratio of 0.45 and a debt-to-equity ratio of 0.25. The stock has a fifty day moving average of $195.72 and a two-hundred day moving average of $189.95. The firm has a market capitalization of $50.11 billion, a P/E ratio of 24.48 and a beta of 0.49. Diamondback Energy has a one year low of $139.41 and a one year high of $216.90.

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

Diamondback Energy Increases Dividend

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

Insider Buying and Selling at Diamondback Energy

In other Diamondback Energy news, Director Charles Meloy sold 33,333 shares of the company’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $183.74, for a total value of $6,124,605.42. Following the transaction, the director directly owned 759,864 shares of the company’s stock, valued at $139,617,411.36. This represents a 4.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Travis Stice sold 75,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the director directly owned 49,727 shares in the company, valued at approximately $10,159,723.37. This represents a 60.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Diamondback Energy

A number of institutional investors have recently modified their holdings of FANG. BlackRock Inc. bought a new position in Diamondback Energy during the second quarter worth about $3,303,362,000. Wellington Management Group LLP raised its stake in Diamondback Energy by 31.3% in the 2nd quarter. Wellington Management Group LLP now owns 16,420,247 shares of the oil and natural gas company’s stock worth $2,886,351,000 after purchasing an additional 3,918,943 shares in the last quarter. State Street Corp boosted its holdings in Diamondback Energy by 4.2% in the 2nd quarter. State Street Corp now owns 12,562,224 shares of the oil and natural gas company’s stock valued at $2,208,188,000 after purchasing an additional 510,281 shares during the period. Bank of New York Mellon Corp bought a new stake in Diamondback Energy in the 2nd quarter valued at about $852,791,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Diamondback Energy during the 2nd quarter worth approximately $268,855,000. Institutional investors own 90.01% of the company’s stock.

Key Stories Impacting Diamondback Energy

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.