Scotiabank Forecasts Reduced Earnings for Diamondback Energy

Diamondback Energy, Inc. (NASDAQ:FANG) – Stock analysts at Scotiabank decreased their FY2026 earnings per share (EPS) estimates for shares of Diamondback Energy in a report released on Wednesday, March 19th. Scotiabank analyst P. Cheng now anticipates that the oil and natural gas company will post earnings of $16.35 per share for the year, down from their previous estimate of $16.50. The consensus estimate for Diamondback Energy’s current full-year earnings is $15.49 per share.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data 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. The company had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.55 billion. Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company cut their price objective on Diamondback Energy from $219.00 to $215.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th. Williams Trading set a $190.00 price target on shares of Diamondback Energy in a report on Wednesday, March 5th. Raymond James decreased their price objective on shares of Diamondback Energy from $245.00 to $214.00 and set a “strong-buy” rating for the company in a report on Wednesday, March 12th. Citigroup lowered their price objective on shares of Diamondback Energy from $195.00 to $157.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Finally, Barclays reduced their target price on shares of Diamondback Energy from $210.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $209.92.

Diamondback Energy Stock Up 0.0 %

Shares of NASDAQ:FANG opened at $158.50 on Friday. Diamondback Energy has a 1 year low of $137.09 and a 1 year high of $214.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42. The firm has a market capitalization of $45.88 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 1.24 and a beta of 1.85. The business has a 50 day simple moving average of $160.47 and a two-hundred day simple moving average of $170.51.

Diamondback Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Thursday, March 6th. This is a positive change from Diamondback Energy’s previous quarterly dividend of $0.90. Diamondback Energy’s dividend payout ratio is currently 25.32%.

Insider Transactions at Diamondback Energy

In related news, Director Frank D. Tsuru acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of $156.51 per share, with a total value of $313,020.00. Following the transaction, the director now directly owns 5,730 shares of the company’s stock, valued at $896,802.30. This trade represents a 53.62 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. 111 Capital purchased a new stake in shares of Diamondback Energy during the fourth quarter valued at $248,000. Thoma Capital Management LLC acquired a new stake in Diamondback Energy during the 4th quarter worth about $640,000. Wealth Enhancement Advisory Services LLC grew its stake in Diamondback Energy by 145.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 39,162 shares of the oil and natural gas company’s stock valued at $6,416,000 after purchasing an additional 23,191 shares during the last quarter. NorthCrest Asset Manangement LLC increased its holdings in shares of Diamondback Energy by 6.5% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 1,758 shares of the oil and natural gas company’s stock valued at $288,000 after purchasing an additional 108 shares during the period. Finally, PKO Investment Management Joint Stock Co purchased a new position in shares of Diamondback Energy in the fourth quarter worth about $901,000. 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.