Q1 EPS Estimates for Diamondback Energy Increased by KeyCorp

Diamondback Energy, Inc. (NASDAQ:FANG) – Equities researchers at KeyCorp increased their Q1 2026 earnings per share (EPS) estimates for Diamondback Energy in a report released on Wednesday, April 1st. KeyCorp analyst T. Rezvan now anticipates that the oil and natural gas company will earn $3.70 per share for the quarter, up from their previous estimate of $3.02. KeyCorp currently has a “Overweight” rating and a $225.00 target price on the stock. The consensus estimate for Diamondback Energy’s current full-year earnings is $15.49 per share. KeyCorp also issued estimates for Diamondback Energy’s Q2 2026 earnings at $6.16 EPS, Q3 2026 earnings at $5.69 EPS, Q4 2026 earnings at $5.21 EPS, FY2026 earnings at $20.74 EPS, Q1 2027 earnings at $5.01 EPS, Q2 2027 earnings at $4.90 EPS, Q3 2027 earnings at $4.73 EPS, Q4 2027 earnings at $4.88 EPS and FY2027 earnings at $19.53 EPS.

Several other research firms have also recently commented on FANG. Citigroup upped their price target on Diamondback Energy from $178.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, March 30th. Benchmark cut Diamondback Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. Morgan Stanley increased their price objective on Diamondback Energy from $171.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, March 27th. Piper Sandler increased their price objective on Diamondback Energy from $215.00 to $248.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Finally, Raymond James Financial increased their price objective on Diamondback Energy from $210.00 to $240.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, March 17th. Five investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $201.62.

Diamondback Energy Stock Performance

Shares of Diamondback Energy stock traded up $3.01 during trading hours on Tuesday, hitting $197.28. 941,891 shares of the company were exchanged, compared to its average volume of 2,879,370. Diamondback Energy has a 1 year low of $114.00 and a 1 year high of $204.91. The company has a current ratio of 0.42, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average of $178.26 and a 200-day moving average of $158.41. The stock has a market capitalization of $55.49 billion, a price-to-earnings ratio of 35.15 and a beta of 0.50.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Monday, February 23rd. The oil and natural gas company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.26). The firm had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.41 billion. Diamondback Energy had a net margin of 11.07% and a return on equity of 8.08%. Diamondback Energy’s revenue was down 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.67 earnings per share.

Institutional Trading of Diamondback Energy

Large investors have recently bought and sold shares of the company. Flagship Harbor Advisors LLC acquired a new stake in Diamondback Energy in the fourth quarter valued at $25,000. Laurel Wealth Advisors LLC acquired a new stake in Diamondback Energy in the fourth quarter valued at $26,000. Richardson Financial Services Inc. grew its holdings in Diamondback Energy by 245.1% in the fourth quarter. Richardson Financial Services Inc. now owns 176 shares of the oil and natural gas company’s stock valued at $26,000 after purchasing an additional 125 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in Diamondback Energy in the third quarter valued at $26,000. Finally, Wellington Shields & Co. LLC grew its holdings in Diamondback Energy by 264.7% in the fourth quarter. Wellington Shields & Co. LLC now owns 186 shares of the oil and natural gas company’s stock valued at $28,000 after purchasing an additional 135 shares during the last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

Insider Transactions at Diamondback Energy

In other Diamondback Energy news, Director Steven E. West sold 6,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $188.35, for a total value of $1,130,100.00. Following the sale, the director owned 4,484 shares of the company’s stock, valued at approximately $844,561.40. This represents a 57.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Matt Zmigrosky sold 20,899 shares of the company’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $180.00, for a total value of $3,761,820.00. Following the completion of the sale, the executive vice president directly owned 60,493 shares in the company, valued at $10,888,740. This trade represents a 25.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,209,212 shares of company stock valued at $199,689,401 in the last three months. Insiders own 0.70% of the company’s stock.

Diamondback Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Thursday, March 5th were given a $1.05 dividend. The ex-dividend date was Thursday, March 5th. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 2.1%. Diamondback Energy’s dividend payout ratio (DPR) is currently 74.87%.

Key Headlines Impacting Diamondback Energy

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

• Positive Sentiment: KeyCorp sharply raised multi-quarter and full‑year EPS forecasts and kept an Overweight rating with a $225 price target — they lifted FY2026 to $20.74 (from $13.24) and FY2027 to $19.53 (from $15.16), and raised many quarterly estimates. That materially improves earnings expectations versus the street consensus (~$15.49) and is a primary driver of positive investor sentiment.
• Positive Sentiment: Diamondback launched tender offers to repurchase its 4.400% Senior Notes due 2051 and 4.250% Senior Notes due 2052 — a move that can reduce long‑duration interest obligations and improve balance‑sheet flexibility (though it will use cash). Diamondback tender offers
• Neutral Sentiment: Media pieces revisiting Diamondback’s 56% one‑year gain highlight durable advantages (low‑cost Permian drilling, strong cash flow, high recovery) but reiterate risks (rising costs, reserve cuts, leverage). These balanced takes keep long‑term investor interest but add caution around execution and cost trends. Yahoo: Should you invest now? Zacks: Should you invest now?
• Negative Sentiment: Diamondback’s public float expanded after the company’s largest shareholder completed a secondary offering of ~11 million shares (~$1.9B). Although the sale didn’t dilute existing shareholders (shares were sold by an insider), the higher available supply can create near‑term selling pressure and weigh on valuation multiples, moderating the rally. Yahoo: Float expands

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.