Q1 EPS Forecast for Diamondback Energy Increased by Analyst

Diamondback Energy, Inc. (NASDAQ:FANG) – Research analysts at Roth Capital lifted their Q1 2025 earnings estimates for shares of Diamondback Energy in a note issued to investors on Tuesday, February 18th. Roth Capital analyst L. Mariani now forecasts that the oil and natural gas company will post earnings of $3.79 per share for the quarter, up from their prior estimate of $3.30. The consensus estimate for Diamondback Energy’s current full-year earnings is $15.51 per share.

A number of other analysts also recently weighed in on FANG. Wolfe Research raised shares of Diamondback Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price target for the company in a report on Friday, January 3rd. UBS Group upped their price target on shares of Diamondback Energy from $212.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Mizuho cut their price target on shares of Diamondback Energy from $219.00 to $207.00 and set an “outperform” rating for the company in a report on Monday, December 16th. JPMorgan Chase & Co. increased their price objective on shares of Diamondback Energy from $191.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, Truist Financial increased their price objective on shares of Diamondback Energy from $236.00 to $238.00 and gave the company a “buy” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Diamondback Energy has an average rating of “Moderate Buy” and a consensus target price of $216.52.

Diamondback Energy Stock Up 1.1 %

Shares of FANG opened at $162.09 on Thursday. Diamondback Energy has a 52 week low of $152.00 and a 52 week high of $214.50. The firm has a market cap of $47.33 billion, a P/E ratio of 9.28, a price-to-earnings-growth ratio of 1.21 and a beta of 1.86. The firm’s 50-day simple moving average is $165.74 and its 200 day simple moving average is $177.07. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.42 and a current ratio of 0.45.

Institutional Trading of Diamondback Energy

A number of institutional investors have recently made changes to their positions in FANG. Mackenzie Financial Corp boosted its holdings in shares of Diamondback Energy by 59.3% in the fourth quarter. Mackenzie Financial Corp now owns 113,222 shares of the oil and natural gas company’s stock worth $18,549,000 after buying an additional 42,140 shares during the last quarter. Forum Financial Management LP boosted its holdings in shares of Diamondback Energy by 64.8% in the fourth quarter. Forum Financial Management LP now owns 4,960 shares of the oil and natural gas company’s stock worth $813,000 after buying an additional 1,951 shares during the last quarter. Toronto Dominion Bank lifted its holdings in Diamondback Energy by 3.9% during the fourth quarter. Toronto Dominion Bank now owns 66,346 shares of the oil and natural gas company’s stock valued at $10,869,000 after purchasing an additional 2,468 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in Diamondback Energy during the fourth quarter valued at approximately $17,152,000. Finally, Sunbelt Securities Inc. lifted its holdings in Diamondback Energy by 34.2% during the fourth quarter. Sunbelt Securities Inc. now owns 4,342 shares of the oil and natural gas company’s stock valued at $699,000 after purchasing an additional 1,107 shares in the last quarter. 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.