What is Scotiabank’s Estimate for FANG FY2025 Earnings?

Diamondback Energy, Inc. (NASDAQ:FANG) – Equities researchers at Scotiabank boosted their FY2025 EPS estimates for shares of Diamondback Energy in a note issued to investors on Wednesday, March 19th. Scotiabank analyst P. Cheng now forecasts that the oil and natural gas company will post earnings of $15.40 per share for the year, up from their previous estimate of $15.20. The consensus estimate for Diamondback Energy’s current full-year earnings is $15.49 per share.

A number of other analysts have also commented on FANG. Raymond James cut their price target on Diamondback Energy from $245.00 to $214.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, March 12th. Mizuho lifted their target price on shares of Diamondback Energy from $201.00 to $204.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Royal Bank of Canada restated an “outperform” rating and issued a $210.00 price target on shares of Diamondback Energy in a research report on Thursday, January 23rd. Piper Sandler cut their price target on shares of Diamondback Energy from $252.00 to $232.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Finally, Barclays decreased their price objective on Diamondback Energy from $210.00 to $200.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. Four analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Diamondback Energy presently has an average rating of “Moderate Buy” and a consensus price target of $209.92.

Diamondback Energy Trading Up 1.6 %

Shares of FANG stock opened at $161.01 on Monday. Diamondback Energy has a twelve month low of $137.09 and a twelve month high of $214.50. The stock’s fifty day simple moving average is $160.14 and its 200 day simple moving average is $170.13. The company has a quick ratio of 0.42, a current ratio of 0.45 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $46.60 billion, a P/E ratio of 9.22, a P/E/G ratio of 1.24 and a beta of 1.85.

Diamondback Energy (NASDAQ:FANG) last posted its earnings results on Tuesday, February 25th. The oil and natural gas company reported $3.64 earnings per share for the quarter, topping analysts’ consensus estimates of $3.57 by $0.07. Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. The firm had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.55 billion.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Wintrust Investments LLC acquired a new position in shares of Diamondback Energy during the fourth quarter worth approximately $28,000. R Squared Ltd bought a new stake in Diamondback Energy during the 4th quarter valued at $29,000. UMB Bank n.a. raised its holdings in Diamondback Energy by 247.3% during the fourth quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company’s stock worth $31,000 after buying an additional 136 shares during the last quarter. Fourth Dimension Wealth LLC bought a new position in shares of Diamondback Energy in the fourth quarter valued at $33,000. Finally, Key Financial Inc lifted its stake in shares of Diamondback Energy by 940.0% in the fourth quarter. Key Financial Inc now owns 208 shares of the oil and natural gas company’s stock valued at $34,000 after buying an additional 188 shares in the last quarter. 90.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Diamondback Energy

In other news, Director Frank D. Tsuru bought 2,000 shares of Diamondback Energy stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $156.51 per share, for a total transaction of $313,020.00. Following the purchase, the director now directly owns 5,730 shares in the company, valued at approximately $896,802.30. This represents a 53.62 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.48% of the company’s stock.

Diamondback Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th were paid a $1.00 dividend. This is an increase from Diamondback Energy’s previous quarterly dividend of $0.90. This represents a $4.00 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Thursday, March 6th. Diamondback Energy’s payout ratio is 25.32%.

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.