Diamondback Energy, Inc. (NASDAQ:FANG) Given Average Recommendation of “Moderate Buy” by Brokerages

Diamondback Energy, Inc. (NASDAQ:FANG) has earned an average rating of “Moderate Buy” from the twenty-five brokerages that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and four have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $223.2632.

FANG has been the topic of a number of recent analyst reports. Citigroup boosted their price target on shares of Diamondback Energy from $225.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Morgan Stanley boosted their price objective on shares of Diamondback Energy from $224.00 to $229.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Mizuho boosted their price objective on shares of Diamondback Energy from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Benchmark downgraded shares of Diamondback Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. Finally, Wall Street Zen raised shares of Diamondback Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th.

Diamondback Energy Stock Up 1.7%

FANG stock opened at $202.40 on Wednesday. Diamondback Energy has a 52-week low of $134.30 and a 52-week high of $214.51. The company’s 50 day simple moving average is $195.45 and its 200-day simple moving average is $172.34. 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 firm has a market capitalization of $56.94 billion, a P/E ratio of 235.35 and a beta of 0.42.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.74 by $0.49. Diamondback Energy had a net margin of 1.87% and a return on equity of 7.76%. The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the previous year, the business earned $4.54 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Diamondback Energy will post 19.54 EPS for the current year.

Diamondback Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Thursday, May 14th. This is a boost from Diamondback Energy’s previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a yield of 2.2%. Diamondback Energy’s payout ratio is presently 511.63%.

Insider Activity

In other Diamondback Energy news, Chairman Travis D. Stice sold 63,957 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $181.16, for a total value of $11,586,450.12. Following the completion of the sale, the chairman directly owned 305,314 shares of the company’s stock, valued at $55,310,684.24. The trade was a 17.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Charles Alvin Meloy sold 7,857 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $183.27, for a total transaction of $1,439,952.39. Following the sale, the director directly owned 974,149 shares of the company’s stock, valued at approximately $178,532,287.23. This represents a 0.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 186,321 shares of company stock valued at $34,499,475 in the last three months. 0.64% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Diamondback Energy

Large investors have recently bought and sold shares of the stock. Cresset Asset Management LLC lifted its holdings in shares of Diamondback Energy by 37.5% during the 2nd quarter. Cresset Asset Management LLC now owns 4,726 shares of the oil and natural gas company’s stock worth $649,000 after acquiring an additional 1,288 shares during the period. Jump Financial LLC bought a new position in shares of Diamondback Energy during the 2nd quarter worth about $2,301,000. Cerity Partners LLC lifted its holdings in shares of Diamondback Energy by 13.5% during the 2nd quarter. Cerity Partners LLC now owns 51,104 shares of the oil and natural gas company’s stock worth $7,022,000 after acquiring an additional 6,069 shares during the period. AXA S.A. lifted its holdings in shares of Diamondback Energy by 8.5% during the 2nd quarter. AXA S.A. now owns 52,355 shares of the oil and natural gas company’s stock worth $7,194,000 after acquiring an additional 4,103 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Diamondback Energy by 37.1% during the 2nd quarter. Sei Investments Co. now owns 154,582 shares of the oil and natural gas company’s stock worth $21,239,000 after acquiring an additional 41,866 shares during the period. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Key Diamondback Energy News

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

• Positive Sentiment: Zacks Research increased its EPS forecasts for Diamondback Energy across multiple periods, including Q1 2027, Q2 2027, Q3 2027 and FY2028, signaling improved earnings outlook. Diamondback Energy (FANG) Is On Jim Cramer’s Radar When It Comes To Oil Stocks
• Positive Sentiment: Jim Cramer highlighted Diamondback Energy as a stock on his radar among oil names, which may be adding visibility and interest from investors. Diamondback Energy (FANG) Is On Jim Cramer’s Radar When It Comes To Oil Stocks
• Neutral Sentiment: Recent analyst coverage reiterated a Hold rating while modestly lifting near- and longer-term earnings estimates, suggesting sentiment is improving but not yet strongly bullish.
• Neutral Sentiment: The company also remains in focus after multiple insider sales by executives, including EVP Matt Zmigrosky and CAO Teresa L. Dick, which can be viewed as routine profit-taking but may temper enthusiasm. SEC filing for Matt Zmigrosky sale SEC filing for Teresa L. Dick sale

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.