Equities Analysts Offer Predictions for FANG Q2 Earnings

Diamondback Energy, Inc. (NASDAQ:FANG) – Investment analysts at Zacks Research upped their Q2 2026 EPS estimates for Diamondback Energy in a research report issued on Friday, May 29th. Zacks Research analyst Team now forecasts that the oil and natural gas company will post earnings of $5.20 per share for the quarter, up from their prior estimate of $4.96. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Diamondback Energy’s current full-year earnings is $19.54 per share. Zacks Research also issued estimates for Diamondback Energy’s Q3 2026 earnings at $4.61 EPS, Q4 2026 earnings at $4.60 EPS, FY2026 earnings at $18.64 EPS, Q4 2027 earnings at $3.81 EPS and FY2027 earnings at $16.36 EPS.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 EPS for the quarter, topping the consensus estimate of $3.74 by $0.49. The company had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Diamondback Energy had a net margin of 1.87% and a return on equity of 7.76%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business earned $4.54 EPS.

Several other research firms have also recently issued reports on FANG. Benchmark cut shares of Diamondback Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. TD Cowen upgraded shares of Diamondback Energy to a “strong-buy” rating in a research note on Monday, February 9th. Scotiabank boosted their target price on shares of Diamondback Energy from $175.00 to $195.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Raymond James Financial restated a “strong-buy” rating and set a $242.00 price target on shares of Diamondback Energy in a research report on Monday, April 27th. Finally, Morgan Stanley upped their price objective on shares of Diamondback Energy from $224.00 to $229.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. Four analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Diamondback Energy has an average rating of “Moderate Buy” and a consensus target price of $223.26.

Diamondback Energy Price Performance

FANG stock opened at $191.48 on Monday. The firm has a market capitalization of $53.87 billion, a PE ratio of 222.65 and a beta of 0.42. Diamondback Energy has a 12 month low of $133.75 and a 12 month high of $214.51. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.56 and a quick ratio of 0.55. The company’s 50 day simple moving average is $195.28 and its 200-day simple moving average is $171.99.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Glenmede Trust Co. NA increased its stake in shares of Diamondback Energy by 1.4% in the 1st quarter. Glenmede Trust Co. NA now owns 6,944 shares of the oil and natural gas company’s stock valued at $1,373,000 after acquiring an additional 94 shares during the last quarter. Summit Financial Wealth Advisors LLC acquired a new position in Diamondback Energy during the 1st quarter worth approximately $370,000. BankChampaign National Association acquired a new stake in shares of Diamondback Energy in the 1st quarter valued at approximately $413,000. Western Wealth Management LLC acquired a new stake in shares of Diamondback Energy in the 1st quarter valued at approximately $970,000. Finally, Bank of America Corp DE lifted its holdings in Diamondback Energy by 4.5% during the 1st quarter. Bank of America Corp DE now owns 1,368,069 shares of the oil and natural gas company’s stock valued at $270,590,000 after purchasing an additional 59,023 shares during the last quarter. 90.01% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO Teresa L. Dick sold 5,000 shares of Diamondback Energy stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $207.00, for a total transaction of $1,035,000.00. Following the sale, the chief accounting officer directly owned 92,755 shares in the company, valued at approximately $19,200,285. The trade was a 5.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles Alvin Meloy sold 7,857 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $189.20, for a total value of $1,486,544.40. Following the transaction, the director owned 942,721 shares of the company’s stock, valued at $178,362,813.20. This trade represents a 0.83% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 174,321 shares of company stock worth $32,090,475 over the last 90 days. Company insiders own 0.64% of the company’s stock.

Diamondback Energy Increases Dividend

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

Diamondback Energy Company Profile

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.