Diamondback Energy (FANG) – Investment Analysts’ Recent Ratings Updates

Diamondback Energy (NASDAQ: FANG) has recently received a number of price target changes and ratings updates:

• 6/10/2026 – Diamondback Energy had its “strong-buy” rating reaffirmed by Raymond James Financial, Inc.. They now have a $249.00 price target on the stock.
• 5/28/2026 – Diamondback Energy was downgraded by Zacks Research from “strong-buy” to “hold”.
• 5/27/2026 – Diamondback Energy had its “hold (c)” rating reaffirmed by Weiss Ratings.
• 5/27/2026 – Diamondback Energy had its price target raised by Mizuho from $220.00 to $240.00. They now have an “outperform” rating on the stock.
• 5/26/2026 – Diamondback Energy had its price target raised by Barclays PLC from $225.00 to $232.00. They now have an “overweight” rating on the stock.
• 5/22/2026 – Diamondback Energy had its price target raised by Morgan Stanley from $224.00 to $229.00. They now have an “overweight” rating on the stock.
• 5/20/2026 – Diamondback Energy had its price target raised by Citigroup Inc. from $225.00 to $245.00. They now have a “buy” rating on the stock.
• 5/11/2026 – Diamondback Energy had its price target raised by Sanford C. Bernstein from $237.00 to $241.00. They now have an “outperform” rating on the stock.
• 5/9/2026 – Diamondback Energy was upgraded by Wall Street Zen from “sell” to “hold”.
• 5/6/2026 – Diamondback Energy was given a new $242.00 price target by Truist Financial Corporation.
• 5/6/2026 – Diamondback Energy had its price target raised by Susquehanna from $231.00 to $245.00. They now have a “positive” rating on the stock.
• 5/5/2026 – Diamondback Energy had its “neutral” rating reaffirmed by Roth Mkm. They now have a $205.00 price target on the stock.
• 5/5/2026 – Diamondback Energy had its price target raised by Barclays PLC from $190.00 to $225.00. They now have an “overweight” rating on the stock.
• 4/29/2026 – Diamondback Energy was upgraded by Zacks Research from “hold” to “strong-buy”.
• 4/27/2026 – Diamondback Energy had its “strong-buy” rating reaffirmed by Raymond James Financial, Inc.. They now have a $242.00 price target on the stock.
• 4/22/2026 – Diamondback Energy had its price target raised by Scotiabank from $175.00 to $195.00. They now have a “sector outperform” rating on the stock.
• 4/20/2026 – Diamondback Energy had its price target raised by Wells Fargo & Company from $202.00 to $262.00. They now have an “overweight” rating on the stock.
• 4/17/2026 – Diamondback Energy had its price target raised by Morgan Stanley from $220.00 to $224.00. They now have an “overweight” rating on the stock.

Diamondback Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.3%. This is a boost from Diamondback Energy’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Thursday, May 14th. Diamondback Energy’s payout ratio is 511.63%.

Insider Activity

In other Diamondback Energy news, Director Steven E. West sold 6,000 shares of Diamondback Energy stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $188.35, for a total transaction of $1,130,100.00. Following the transaction, the director directly owned 4,484 shares of the company’s stock, valued at approximately $844,561.40. This trade represents a 57.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles Alvin Meloy sold 7,857 shares of Diamondback Energy stock in a transaction 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 54,065 shares of company stock valued at $10,551,236. Insiders own 0.64% of the company’s stock.

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.