Wall Street Zen downgraded shares of Diamondback Energy (NASDAQ:FANG – Free Report) from a buy rating to a hold rating in a research note released on Saturday morning,Wall Street Zen reports.
Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. boosted their target price on Diamondback Energy from $211.00 to $233.00 in a research note on Wednesday, August 5th. Wolfe Research reaffirmed an “outperform” rating and set a $206.00 price target on shares of Diamondback Energy in a research note on Tuesday, August 4th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $240.00 price objective on shares of Diamondback Energy in a report on Wednesday, October 14th. Scotiabank assumed coverage on shares of Diamondback Energy in a report on Wednesday, October 14th. They issued a “sector outperform” rating and a $250.00 price objective on the stock. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $240.00 target price (up from $221.00) on shares of Diamondback Energy in a report on Wednesday, September 2nd. Three 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $228.29.
Get Our Latest Analysis on Diamondback Energy
Diamondback Energy Stock Performance
FANG opened at $178.96 on Friday. The company has a market capitalization of $50.11 billion, a price-to-earnings ratio of 24.48 and a beta of 0.49. The business’s 50-day moving average price is $195.72 and its two-hundred day moving average price is $189.95. Diamondback Energy has a 1 year low of $139.41 and a 1 year high of $216.90. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.55 and a quick ratio of 0.45.
Diamondback Energy (NASDAQ:FANG – Get Free Report) last posted its quarterly earnings data on Monday, November 2nd. The oil and natural gas company reported $5.86 earnings per share for the quarter, topping the consensus estimate of $5.72 by $0.14. The company 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 11.86% and a net margin of 11.03%. Diamondback Energy’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.08 earnings per share. Equities analysts expect that Diamondback Energy will post 22.57 EPS for the current fiscal year.
Diamondback Energy Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Thursday, November 12th will be paid a $1.18 dividend. 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%. The ex-dividend date is Thursday, November 12th. Diamondback Energy’s dividend payout ratio is 60.19%.
Insider Activity at Diamondback Energy
In other Diamondback Energy news, Director Travis Stice sold 75,000 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $204.31, for a total transaction of $15,323,250.00. Following the transaction, the director owned 49,727 shares of the company’s stock, valued at $10,159,723.37. The trade was a 60.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles Meloy sold 33,333 shares of the company’s stock in a transaction that occurred 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 sale, the director owned 759,864 shares in the company, valued at approximately $139,617,411.36. This 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. 0.64% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC acquired a new stake in shares of Diamondback Energy in the first quarter valued at approximately $26,000. Meeder Asset Management Inc. bought a new stake in Diamondback Energy during the second quarter worth about $28,000. Burkett Financial Services LLC bought a new stake in Diamondback Energy during the third quarter worth about $32,000. Laurel Wealth Advisors LLC bought a new stake in Diamondback Energy during the third quarter worth about $32,000. Finally, Global Assets Advisory LLC acquired a new stake in Diamondback Energy during the first quarter worth about $40,000. 90.01% of the stock is owned by institutional investors and hedge funds.
Diamondback Energy News Roundup
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
About Diamondback Energy
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.
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