FY2025 EPS Estimate for Diamondback Energy Lifted by Analyst

Diamondback Energy, Inc. (NASDAQ:FANG) – Research analysts at Scotiabank lifted their FY2025 EPS estimates for Diamondback Energy in a research note issued on Friday, November 28th. Scotiabank analyst P. Cheng now anticipates that the oil and natural gas company will post earnings of $13.20 per share for the year, up from their previous forecast of $13.10. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Diamondback Energy’s current full-year earnings is $15.49 per share.

FANG has been the subject of a number of other research reports. Wells Fargo & Company increased their target price on shares of Diamondback Energy from $160.00 to $169.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Wall Street Zen raised shares of Diamondback Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Susquehanna cut their target price on shares of Diamondback Energy to $188.00 and set a “positive” rating on the stock in a research report on Monday, October 20th. Raymond James Financial lowered their price target on shares of Diamondback Energy from $221.00 to $212.00 and set a “strong-buy” rating for the company in a report on Wednesday, August 20th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $173.00 price target on shares of Diamondback Energy in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $188.77.

Diamondback Energy Stock Performance

NASDAQ:FANG opened at $152.42 on Monday. Diamondback Energy has a twelve month low of $114.00 and a twelve month high of $180.91. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 0.35. The stock’s 50-day simple moving average is $144.53 and its 200 day simple moving average is $142.92. The firm has a market capitalization of $43.65 billion, a PE ratio of 10.59 and a beta of 0.63.

Diamondback Energy (NASDAQ:FANG) last issued its earnings results on Monday, November 3rd. The oil and natural gas company reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.14. Diamondback Energy had a return on equity of 9.57% and a net margin of 27.32%.The firm had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter last year, the business posted $3.19 EPS. The company’s revenue was up 48.4% compared to the same quarter last year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Diamondback Energy by 1.7% during the second quarter. Vanguard Group Inc. now owns 23,325,287 shares of the oil and natural gas company’s stock worth $3,204,894,000 after buying an additional 388,512 shares during the period. Boston Partners boosted its position in Diamondback Energy by 2.9% during the third quarter. Boston Partners now owns 5,733,538 shares of the oil and natural gas company’s stock valued at $821,649,000 after acquiring an additional 163,548 shares during the last quarter. Geode Capital Management LLC boosted its position in Diamondback Energy by 2.7% during the second quarter. Geode Capital Management LLC now owns 5,441,649 shares of the oil and natural gas company’s stock valued at $746,526,000 after acquiring an additional 142,649 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Diamondback Energy by 9.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,642,218 shares of the oil and natural gas company’s stock worth $637,841,000 after acquiring an additional 384,971 shares during the period. Finally, Capital Research Global Investors raised its position in shares of Diamondback Energy by 38.0% in the 3rd quarter. Capital Research Global Investors now owns 3,798,812 shares of the oil and natural gas company’s stock worth $543,610,000 after acquiring an additional 1,046,398 shares in the last quarter. Institutional investors own 90.01% of the company’s stock.

Diamondback Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were issued a $1.00 dividend. The ex-dividend date was Thursday, November 13th. This represents a $4.00 annualized dividend and a yield of 2.6%. Diamondback Energy’s dividend payout ratio is presently 27.80%.

About Diamondback Energy

Diamondback Energy, Inc, an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.