What is Zacks Research’s Estimate for FANG Q3 Earnings?

Diamondback Energy, Inc. (NASDAQ:FANG) – Equities research analysts at Zacks Research lowered their Q3 2026 earnings per share (EPS) estimates for Diamondback Energy in a report released on Wednesday, January 28th. Zacks Research analyst Team now expects that the oil and natural gas company will post earnings per share of $2.23 for the quarter, down from their previous forecast of $2.38. The consensus estimate for Diamondback Energy’s current full-year earnings is $15.49 per share.

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

Other equities analysts have also issued research reports about the stock. Mizuho decreased their price target on shares of Diamondback Energy from $195.00 to $194.00 and set an “outperform” rating for the company in a report on Thursday, January 22nd. Wells Fargo & Company raised their target price on shares of Diamondback Energy from $169.00 to $171.00 and gave the company an “overweight” rating in a research report on Tuesday. Roth Mkm set a $162.00 price target on Diamondback Energy and gave the company a “buy” rating in a research note on Tuesday, November 4th. Morgan Stanley dropped their target price on shares of Diamondback Energy from $183.00 to $171.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Finally, UBS Group raised their price target on Diamondback Energy from $174.00 to $194.00 and gave the company a “buy” rating in a report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $185.90.

Diamondback Energy Trading Up 0.5%

NASDAQ:FANG opened at $163.95 on Thursday. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $46.95 billion, a price-to-earnings ratio of 11.39 and a beta of 0.59. The business’s 50-day moving average price is $152.15 and its two-hundred day moving average price is $146.27. Diamondback Energy has a 1-year low of $114.00 and a 1-year high of $169.87.

Diamondback Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were given a dividend of $1.00 per share. The ex-dividend date was Thursday, November 13th. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. Diamondback Energy’s dividend payout ratio (DPR) is currently 27.80%.

Insider Activity

In related news, Director Charles Alvin Meloy sold 377,911 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $138.61, for a total transaction of $52,382,243.71. Following the completion of the sale, the director directly owned 1,044,864 shares in the company, valued at $144,828,599.04. This represents a 26.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Diamondback Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC bought a new stake in Diamondback Energy during the 4th quarter worth approximately $25,000. Laurel Wealth Advisors LLC acquired a new stake in Diamondback Energy in the fourth quarter worth $26,000. Richardson Financial Services Inc. increased its position in Diamondback Energy by 245.1% in the 4th quarter. Richardson Financial Services Inc. now owns 176 shares of the oil and natural gas company’s stock valued at $26,000 after buying an additional 125 shares in the last quarter. JPL Wealth Management LLC bought a new stake in shares of Diamondback Energy during the third quarter valued at approximately $26,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its stake in Diamondback Energy by 106.3% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the oil and natural gas company’s stock valued at $28,000 after purchasing an additional 102 shares in the last quarter. Institutional investors own 90.01% of the company’s stock.

Key Headlines Impacting Diamondback Energy

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

• Positive Sentiment: Intraday momentum: Zacks published a note summarizing recent trading where FANG closed up ~1.8% in the latest session, reflecting near‑term buying interest that can support the share price. Zacks: Diamondback Energy Increases
• Positive Sentiment: Morgan Stanley kept an Overweight rating on FANG even after trimming its price target to $171 (from $183), which signals continued institutional conviction in the name despite lower oil assumptions. InsiderMonkey: Morgan Stanley Target Cut
• Positive Sentiment: Consensus analyst tone remains constructive: an aggregate “Moderate Buy”/buy-leaning analyst consensus provides a supportive backdrop for the stock if macro and oil fundamentals hold. AmericanBankingNews: Moderate Buy
• Neutral Sentiment: Short interest data in the latest report appears invalid/zero (likely a reporting anomaly), so it offers no clear near‑term signal around bearish positioning. MarketBeat: FANG page
• Neutral Sentiment: Standalone comparison pieces and screening writeups (e.g., comparisons vs. smaller peers) are being published but are unlikely to move the stock materially on their own. AmericanBankingNews: Comparison Article
• Negative Sentiment: Zacks Research cut a wide range of EPS forecasts across multiple quarters and years (Q1–Q4 2026/2027 and FY2026/FY2027). Notable revisions: FY2026 down to ~$8.51 and FY2027 to ~$9.49, with multiple quarterly EPS cuts — a weaker earnings outlook that could cap upside and pressure valuation if other analysts follow. MarketBeat: Zacks estimate updates

About Diamondback Energy

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.