FY2026 Earnings Forecast for FANG Issued By Scotiabank

Diamondback Energy, Inc. (NASDAQ:FANG) – Investment analysts at Scotiabank issued their FY2026 earnings per share estimates for shares of Diamondback Energy in a report issued on Wednesday, January 8th. Scotiabank analyst P. Cheng forecasts that the oil and natural gas company will post earnings per share of $16.50 for the year. Scotiabank has a “Sector Outperform” rating and a $225.00 price objective on the stock. The consensus estimate for Diamondback Energy’s current full-year earnings is $16.51 per share.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings data on Monday, November 4th. The oil and natural gas company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $4.62 by ($1.24). Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter last year, the business posted $5.49 earnings per share. Diamondback Energy’s revenue was up 13.0% on a year-over-year basis.

Other equities research analysts have also recently issued reports about the company. Citigroup began coverage on Diamondback Energy in a research note on Monday, October 14th. They set a “neutral” rating and a $195.00 target price on the stock. Truist Financial lifted their target price on Diamondback Energy from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Susquehanna lowered their target price on Diamondback Energy from $237.00 to $233.00 and set a “positive” rating on the stock in a research note on Friday, October 18th. Jefferies Financial Group began coverage on Diamondback Energy in a research note on Monday, September 16th. They set a “hold” rating and a $185.00 target price on the stock. Finally, Raymond James lifted their target price on Diamondback Energy from $232.00 to $237.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $209.83.

Diamondback Energy Price Performance

Shares of NASDAQ:FANG opened at $174.77 on Friday. The company has a current ratio of 0.45, a quick ratio of 0.42 and a debt-to-equity ratio of 0.31. The stock’s fifty day simple moving average is $170.76 and its two-hundred day simple moving average is $183.86. Diamondback Energy has a 1-year low of $147.93 and a 1-year high of $214.50. The stock has a market cap of $51.03 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 1.19 and a beta of 1.88.

Diamondback Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Thursday, November 14th. Diamondback Energy’s dividend payout ratio (DPR) is 20.61%.

Insider Buying and Selling

In related news, Director Mark Lawrence Plaumann sold 1,150 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $181.00, for a total value of $208,150.00. Following the transaction, the director now directly owns 4,712 shares in the company, valued at approximately $852,872. This represents a 19.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.48% of the stock is owned by company insiders.

Institutional Trading of Diamondback Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its stake in Diamondback Energy by 1.3% in the third quarter. State Street Corp now owns 11,858,555 shares of the oil and natural gas company’s stock worth $2,044,415,000 after buying an additional 149,871 shares in the last quarter. Geode Capital Management LLC boosted its stake in Diamondback Energy by 6.1% in the third quarter. Geode Capital Management LLC now owns 4,618,560 shares of the oil and natural gas company’s stock worth $793,611,000 after buying an additional 266,299 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Diamondback Energy by 9.3% in the third quarter. Pacer Advisors Inc. now owns 2,704,520 shares of the oil and natural gas company’s stock worth $466,259,000 after buying an additional 230,689 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Diamondback Energy by 10.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,690,181 shares of the oil and natural gas company’s stock valued at $538,547,000 after purchasing an additional 247,065 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Diamondback Energy by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,282,557 shares of the oil and natural gas company’s stock valued at $456,930,000 after purchasing an additional 87,288 shares during the period. Hedge funds and other institutional investors 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.