Q4 EPS Estimate for Diamondback Energy Decreased by Analyst

Diamondback Energy, Inc. (NASDAQ:FANG) – Investment analysts at Capital One Financial decreased their Q4 2024 earnings per share (EPS) estimates for Diamondback Energy in a research report issued on Wednesday, October 16th. Capital One Financial analyst B. Velie now anticipates that the oil and natural gas company will post earnings per share of $4.52 for the quarter, down from their prior forecast 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.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Monday, August 5th. The oil and natural gas company reported $4.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.51 by $0.01. The company had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Diamondback Energy had a net margin of 37.51% and a return on equity of 19.54%. The firm’s revenue for the quarter was up 29.4% compared to the same quarter last year. During the same period last year, the company earned $3.68 EPS.

Other analysts have also issued reports about the company. Susquehanna decreased their price target on Diamondback Energy from $237.00 to $233.00 and set a “positive” rating on the stock in a research note on Friday. Royal Bank of Canada restated an “outperform” rating and set a $220.00 target price on shares of Diamondback Energy in a report on Tuesday, September 17th. Jefferies Financial Group initiated coverage on Diamondback Energy in a research report on Monday, September 16th. They set a “hold” rating and a $185.00 price target on the stock. KeyCorp cut their price objective on shares of Diamondback Energy from $225.00 to $216.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Finally, Sanford C. Bernstein lowered their target price on Diamondback Energy from $243.00 to $236.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $210.09.

Diamondback Energy Trading Up 0.0 %

Shares of Diamondback Energy stock opened at $183.99 on Monday. Diamondback Energy has a fifty-two week low of $145.70 and a fifty-two week high of $214.50. The business’s fifty day moving average is $186.35 and its two-hundred day moving average is $194.71. 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 firm has a market cap of $32.81 billion, a PE ratio of 10.37, a P/E/G ratio of 1.22 and a beta of 1.89.

Hedge Funds Weigh In On Diamondback Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its stake in shares of Diamondback Energy by 1.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 151,211 shares of the oil and natural gas company’s stock worth $26,069,000 after acquiring an additional 2,327 shares during the period. Nepsis Inc. raised its holdings in Diamondback Energy by 1.3% during the third quarter. Nepsis Inc. now owns 84,065 shares of the oil and natural gas company’s stock worth $14,493,000 after purchasing an additional 1,103 shares in the last quarter. Cyndeo Wealth Partners LLC lifted its position in Diamondback Energy by 31.8% in the third quarter. Cyndeo Wealth Partners LLC now owns 5,287 shares of the oil and natural gas company’s stock worth $912,000 after purchasing an additional 1,275 shares during the period. Veracity Capital LLC boosted its stake in Diamondback Energy by 48.6% during the 3rd quarter. Veracity Capital LLC now owns 4,396 shares of the oil and natural gas company’s stock valued at $758,000 after purchasing an additional 1,438 shares in the last quarter. Finally, Raymond James & Associates increased its position in shares of Diamondback Energy by 4.2% during the 3rd quarter. Raymond James & Associates now owns 1,135,230 shares of the oil and natural gas company’s stock valued at $195,714,000 after purchasing an additional 46,109 shares during the period. Institutional investors own 90.01% of the company’s stock.

Insider Transactions at Diamondback Energy

In related news, major shareholder Lyndal Greth sold 13,212,830 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $175.11, for a total value of $2,313,698,661.30. Following the sale, the insider now directly owns 1,037,819 shares in the company, valued at $181,732,485.09. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.48% of the company’s stock.

Diamondback Energy Increases Dividend

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

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.