What is Zacks Research’s Estimate for FANG FY2026 Earnings?

Diamondback Energy, Inc. (NASDAQ:FANG) – Equities research analysts at Zacks Research dropped their FY2026 earnings per share (EPS) estimates for shares of Diamondback Energy in a research note issued on Friday, July 17th. Zacks Research analyst Team now anticipates that the oil and natural gas company will post earnings per share of $18.11 for the year, down from their previous estimate of $18.70. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Diamondback Energy’s current full-year earnings is $18.90 per share. Zacks Research also issued estimates for Diamondback Energy’s Q4 2026 earnings at $4.19 EPS, Q2 2027 earnings at $3.97 EPS, Q3 2027 earnings at $4.26 EPS and FY2027 earnings at $16.42 EPS.

A number of other equities analysts also recently commented on FANG. Susquehanna upped their price objective on shares of Diamondback Energy from $245.00 to $255.00 and gave the stock a “positive” rating in a research report on Tuesday. KeyCorp lifted their target price on shares of Diamondback Energy from $196.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Wall Street Zen raised shares of Diamondback Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Citigroup dropped their price target on shares of Diamondback Energy from $245.00 to $221.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Truist Financial cut their price target on shares of Diamondback Energy from $242.00 to $220.00 and set a “buy” rating for the company in a report on Thursday, July 16th. Four analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $218.68.

Diamondback Energy Price Performance

Shares of NASDAQ FANG opened at $203.02 on Tuesday. The stock has a fifty day moving average price of $191.29 and a 200 day moving average price of $182.04. Diamondback Energy has a 1-year low of $134.30 and a 1-year 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 has a market cap of $57.11 billion, a PE ratio of 236.07 and a beta of 0.42.

Diamondback Energy (NASDAQ:FANG) last released its 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 return on equity of 7.76% and a net margin of 1.87%.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 company posted $4.54 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Boston Partners grew its holdings in shares of Diamondback Energy by 2.9% in the 3rd quarter. Boston Partners now owns 5,733,538 shares of the oil and natural gas company’s stock worth $821,649,000 after acquiring an additional 163,548 shares during the period. Geode Capital Management LLC raised its holdings in Diamondback Energy by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 5,621,120 shares of the oil and natural gas company’s stock worth $844,073,000 after purchasing an additional 14,625 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Diamondback Energy by 11.5% during the fourth quarter. Bank of New York Mellon Corp now owns 5,159,365 shares of the oil and natural gas company’s stock worth $775,607,000 after purchasing an additional 532,756 shares during the last quarter. Capital Research Global Investors boosted its position in Diamondback Energy by 14.1% during the fourth quarter. Capital Research Global Investors now owns 4,332,885 shares of the oil and natural gas company’s stock worth $651,363,000 after purchasing an additional 534,073 shares in the last quarter. Finally, Morgan Stanley boosted its position in Diamondback Energy by 3.2% during the fourth quarter. Morgan Stanley now owns 3,828,941 shares of the oil and natural gas company’s stock worth $575,605,000 after purchasing an additional 117,798 shares in the last quarter. 90.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Diamondback Energy

In other news, Director Mark Lawrence Plaumann sold 500 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $196.50, for a total transaction of $98,250.00. Following the transaction, the director directly owned 13,437 shares of the company’s stock, valued at $2,640,370.50. This represents a 3.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Teresa L. Dick sold 7,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $200.90, for a total transaction of $1,406,300.00. Following the completion of the transaction, the chief accounting officer owned 85,755 shares of the company’s stock, valued at $17,228,179.50. This represents a 7.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 113,691 shares of company stock valued at $21,622,752. Company insiders own 0.64% of the company’s stock.

Diamondback Energy Increases Dividend

The business also recently announced 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 represents a $4.40 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Thursday, May 14th. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.05. Diamondback Energy’s payout ratio is presently 511.63%.

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.