Q4 EPS Estimate for Diamondback Energy Decreased by Analyst

Diamondback Energy, Inc. (NASDAQ:FANG) – Investment analysts at Capital One Financial cut their Q4 2024 earnings per share estimates for shares of Diamondback Energy in a report issued on Wednesday, October 16th. Capital One Financial analyst B. Velie now forecasts that the oil and natural gas company will post earnings of $4.52 per share for the quarter, down from their prior estimate of $4.76. The consensus estimate for Diamondback Energy’s current full-year earnings is $19.08 per share. Capital One Financial also issued estimates for Diamondback Energy’s Q2 2025 earnings at $3.91 EPS, Q3 2025 earnings at $4.07 EPS, Q4 2025 earnings at $3.97 EPS, FY2025 earnings at $15.81 EPS and FY2026 earnings at $16.31 EPS.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. started coverage on shares of Diamondback Energy in a report on Wednesday, October 2nd. They set an “overweight” rating and a $182.00 price objective on the stock. Jefferies Financial Group started coverage on Diamondback Energy in a report on Monday, September 16th. They issued a “hold” rating and a $185.00 price target on the stock. Scotiabank reduced their price objective on Diamondback Energy from $245.00 to $225.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. BMO Capital Markets raised Diamondback Energy from a “market perform” rating to an “outperform” rating and upped their target price for the company from $205.00 to $215.00 in a report on Friday, October 4th. Finally, Wolfe Research began coverage on Diamondback Energy in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Diamondback Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.09.

Diamondback Energy Stock Performance

NASDAQ:FANG opened at $182.41 on Monday. The firm’s fifty day simple moving average is $185.97 and its 200-day simple moving average is $194.58. The company has a quick ratio of 3.64, a current ratio of 3.66 and a debt-to-equity ratio of 0.65. The stock has a market cap of $32.53 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 1.22 and a beta of 1.89. Diamondback Energy has a fifty-two week low of $145.70 and a fifty-two week high of $214.50.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Monday, August 5th. The oil and natural gas company reported $4.52 earnings per share for the quarter, topping analysts’ consensus estimates of $4.51 by $0.01. Diamondback Energy had a return on equity of 19.54% and a net margin of 37.51%. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the prior year, the company posted $3.68 earnings per share. Diamondback Energy’s quarterly revenue was up 29.4% on a year-over-year basis.

Diamondback Energy Increases Dividend

The firm also recently announced a None dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were given a dividend of $2.34 per share. The ex-dividend date was Thursday, August 15th. This is an increase from Diamondback Energy’s previous None dividend of $2.26. This represents a yield of 1.9%. Diamondback Energy’s dividend payout ratio is 20.29%.

Insiders Place Their Bets

In other news, major shareholder Lyndal Greth sold 13,212,830 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $175.11, for a total transaction of $2,313,698,661.30. Following the completion of the transaction, the insider now owns 1,037,819 shares of the company’s stock, valued at $181,732,485.09. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.48% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Diamondback Energy

A number of hedge funds have recently made changes to their positions in FANG. First Community Trust NA purchased a new position in shares of Diamondback Energy in the 2nd quarter worth $26,000. Carolinas Wealth Consulting LLC raised its holdings in shares of Diamondback Energy by 67.1% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 137 shares of the oil and natural gas company’s stock worth $27,000 after purchasing an additional 55 shares during the period. HHM Wealth Advisors LLC acquired a new position in shares of Diamondback Energy in the 2nd quarter valued at about $40,000. Founders Capital Management grew its holdings in shares of Diamondback Energy by 99.2% during the 2nd quarter. Founders Capital Management now owns 251 shares of the oil and natural gas company’s stock worth $50,000 after purchasing an additional 125 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group increased its position in Diamondback Energy by 109.7% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 260 shares of the oil and natural gas company’s stock worth $52,000 after purchasing an additional 136 shares in the last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

About Diamondback Energy

Diamondback Energy, Inc, an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.