Zacks Research Has Positive Outlook for FANG Q2 Earnings

Diamondback Energy, Inc. (NASDAQ:FANG) – Analysts at Zacks Research lifted their Q2 2026 EPS estimates for Diamondback Energy in a research report issued on Friday, July 17th. Zacks Research analyst Team now anticipates that the oil and natural gas company will post earnings of $5.37 per share for the quarter, up from their prior estimate of $5.24. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Diamondback Energy’s current full-year earnings is $19.14 per share. Zacks Research also issued estimates for Diamondback Energy’s Q3 2026 earnings at $4.32 EPS, Q1 2028 earnings at $3.57 EPS, Q2 2028 earnings at $3.51 EPS and FY2028 earnings at $14.83 EPS.

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

Other equities analysts have also recently issued research reports about the company. Sanford C. Bernstein increased their target price on Diamondback Energy from $237.00 to $241.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Susquehanna upped their price objective on Diamondback Energy from $231.00 to $245.00 and gave the stock a “positive” rating in a research report on Wednesday, May 6th. Truist Financial decreased their price objective on Diamondback Energy from $242.00 to $220.00 and set a “buy” rating for the company in a report on Thursday. Citigroup lifted their target price on Diamondback Energy from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Finally, Roth Capital set a $212.00 target price on Diamondback Energy and gave the company a “buy” rating in a research note on Monday, June 22nd. Four analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $219.53.

Diamondback Energy Stock Performance

FANG opened at $195.54 on Monday. The stock has a market capitalization of $55.01 billion, a P/E ratio of 227.37 and a beta of 0.42. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.31. Diamondback Energy has a 12 month low of $134.30 and a 12 month high of $214.51. The firm’s fifty day simple moving average is $191.24 and its 200 day simple moving average is $181.01.

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 given a dividend of $1.10 per share. 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. This represents a $4.40 annualized dividend and a yield of 2.3%. Diamondback Energy’s payout ratio is presently 511.63%.

Insider Buying and Selling at Diamondback Energy

In other news, Director Mark Lawrence Plaumann sold 500 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $196.50, for a total transaction of $98,250.00. Following the completion of the transaction, the director directly owned 13,437 shares in the company, valued at $2,640,370.50. This represents a 3.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Matt Zmigrosky sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $200.54, for a total value of $1,002,700.00. Following the completion of the transaction, the executive vice president owned 46,392 shares of the company’s stock, valued at $9,303,451.68. The trade was a 9.73% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 113,691 shares of company stock valued at $21,622,752. Corporate insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FANG. Flagship Harbor Advisors LLC bought a new stake in shares of Diamondback Energy during the 4th quarter worth approximately $25,000. Richardson Financial Services Inc. lifted its stake in 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 valued at $26,000 after acquiring an additional 125 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new stake in Diamondback Energy in the fourth quarter valued at $26,000. Cedar Mountain Advisors LLC bought a new position in shares of Diamondback Energy in the 1st quarter valued at about $26,000. Finally, JPL Wealth Management LLC bought a new position in shares of Diamondback Energy in the 3rd quarter valued at about $26,000. 90.01% of the stock is currently owned by institutional investors.

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.