Q2 EPS Forecast for Diamondback Energy Raised by Analyst

Diamondback Energy, Inc. (NASDAQ:FANG) – Analysts at KeyCorp increased their Q2 2026 earnings per share (EPS) estimates for shares of Diamondback Energy in a research report issued on Wednesday, June 3rd. KeyCorp analyst T. Rezvan now anticipates that the oil and natural gas company will post earnings per share of $5.63 for the quarter, up from their prior estimate of $5.20. KeyCorp currently has a “Overweight” rating and a $225.00 target price on the stock. The consensus estimate for Diamondback Energy’s current full-year earnings is $19.65 per share. KeyCorp also issued estimates for Diamondback Energy’s Q3 2026 earnings at $6.44 EPS, FY2026 earnings at $21.69 EPS and Q4 2027 earnings at $4.74 EPS.

Several other equities research analysts have also recently commented on the stock. Morgan Stanley raised their target price on shares of Diamondback Energy from $224.00 to $229.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Benchmark downgraded shares of Diamondback Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 5th. Susquehanna raised their price objective on shares of Diamondback Energy from $231.00 to $245.00 and gave the stock a “positive” rating in a report on Wednesday, May 6th. Sanford C. Bernstein lifted their price objective on Diamondback Energy from $237.00 to $241.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Finally, Mizuho upped their target price on Diamondback Energy from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $223.26.

Diamondback Energy Price Performance

Shares of Diamondback Energy stock opened at $192.62 on Monday. 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 company has a market cap of $54.19 billion, a P/E ratio of 223.98 and a beta of 0.42. The company’s fifty day simple moving average is $196.07 and its two-hundred day simple moving average is $173.91.

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

Diamondback Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th were given a $1.10 dividend. The ex-dividend date of this dividend was Thursday, May 14th. 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. Diamondback Energy’s payout ratio is presently 511.63%.

Insider Buying and Selling

In related news, CAO Teresa L. Dick sold 7,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $200.90, for a total value of $1,406,300.00. Following the transaction, the chief accounting officer owned 85,755 shares in the company, valued at $17,228,179.50. The trade was a 7.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Charles Alvin Meloy sold 7,857 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $189.20, for a total transaction of $1,486,544.40. Following the sale, the director directly owned 942,721 shares in the company, valued at $178,362,813.20. This trade represents 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. Insiders sold 78,464 shares of company stock worth $14,946,406 in the last 90 days. 0.64% of the stock is owned by company insiders.

Institutional Trading of Diamondback Energy

A number of institutional investors and hedge funds have recently modified their holdings of FANG. Flagship Harbor Advisors LLC purchased a new position in shares of Diamondback Energy in the fourth quarter worth $25,000. Richardson Financial Services Inc. increased its holdings 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 worth $26,000 after buying an additional 125 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new position in Diamondback Energy in the 4th quarter worth about $26,000. Cedar Mountain Advisors LLC bought a new position in Diamondback Energy during the 1st quarter valued at about $26,000. Finally, JPL Wealth Management LLC bought a new position in Diamondback Energy during the 3rd quarter valued at about $26,000. 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: Zacks Research and KeyCorp both lifted several near- and longer-term earnings estimates for Diamondback Energy, suggesting analysts still see solid profit potential ahead. Zacks also reiterated a Hold rating, while KeyCorp kept an Overweight rating and a $225 price target.
• Positive Sentiment: Zacks described Diamondback Energy as a strong momentum stock, which may reinforce bullish sentiment around the name. Zacks momentum stock article
• Neutral Sentiment: One article noted that Diamondback Energy has been trading near highs, but the focus was on market activity rather than a direct company-specific catalyst.
• Negative Sentiment: Financial Post reported that the daughter of late wildcatter Autry Stephens is offloading a $2 billion energy stake, including a Diamondback Energy position. Large insider- or major-holder selling can weigh on sentiment because investors may view it as profit-taking after a strong run. Stephens family stake sale in Diamondback Energy

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.