Zacks Research Has Positive Estimate for FANG Q1 Earnings

Diamondback Energy, Inc. (NASDAQ:FANG) – Equities researchers at Zacks Research raised their Q1 2027 earnings estimates for shares of Diamondback Energy in a research report issued on Friday, May 29th. Zacks Research analyst Team now expects that the oil and natural gas company will post earnings per share of $4.26 for the quarter, up from their previous estimate of $4.17. Zacks Research currently 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 Q2 2027 earnings at $3.95 EPS, Q3 2027 earnings at $4.34 EPS, Q1 2028 earnings at $3.49 EPS and FY2028 earnings at $14.49 EPS.

A number of other analysts have also weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of Diamondback Energy from $187.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Benchmark lowered shares of Diamondback Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 5th. Freedom Capital upgraded shares of Diamondback Energy to a “strong-buy” rating in a research note on Tuesday, March 10th. Roth Mkm restated a “neutral” rating and set a $205.00 price objective on shares of Diamondback Energy in a research note on Tuesday, May 5th. Finally, Barclays raised their price objective on shares of Diamondback Energy from $225.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $223.26.

Diamondback Energy Stock Up 3.9%

Shares of Diamondback Energy stock opened at $199.03 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.56 and a quick ratio of 0.55. The company has a 50-day moving average of $195.45 and a 200 day moving average of $172.34. The firm has a market cap of $55.99 billion, a price-to-earnings ratio of 231.43 and a beta of 0.42. Diamondback Energy has a 1 year low of $134.30 and a 1 year high of $214.51.

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

Hedge Funds Weigh In On Diamondback Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Flagship Harbor Advisors LLC purchased a new position in shares of Diamondback Energy in the fourth quarter worth approximately $25,000. Richardson Financial Services Inc. boosted its holdings in shares of 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 worth $26,000 after buying an additional 125 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new position in shares of Diamondback Energy in the fourth quarter worth approximately $26,000. Cedar Mountain Advisors LLC purchased a new position in shares of Diamondback Energy in the first quarter worth approximately $26,000. Finally, JPL Wealth Management LLC purchased a new position in shares of Diamondback Energy in the third quarter worth approximately $26,000. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Insider Transactions at Diamondback Energy

In other news, CAO Teresa L. Dick sold 5,000 shares of Diamondback Energy stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $207.00, for a total value of $1,035,000.00. Following the completion of the sale, the chief accounting officer directly owned 92,755 shares in the company, valued at $19,200,285. The trade was a 5.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Charles Alvin Meloy sold 7,857 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $189.20, for a total transaction of $1,486,544.40. Following the completion of the transaction, the director directly owned 942,721 shares in the company, valued at approximately $178,362,813.20. The trade was a 0.83% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 174,321 shares of company stock valued at $32,090,475. Company insiders own 0.64% of the company’s stock.

Diamondback Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th were paid a $1.10 dividend. This is a boost from Diamondback Energy’s previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Thursday, May 14th. Diamondback Energy’s dividend payout ratio (DPR) is presently 511.63%.

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.