What is Scotiabank’s Estimate for FANG FY2026 Earnings?

Diamondback Energy, Inc. (NASDAQ:FANG) – Stock analysts at Scotiabank issued their FY2026 earnings estimates for shares of Diamondback Energy in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst P. Cheng expects 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 target on the stock. The consensus estimate for Diamondback Energy’s current full-year earnings is $16.51 per share.

Diamondback Energy (NASDAQ:FANG) last announced its earnings results on Monday, November 4th. The oil and natural gas company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.62 by ($1.24). The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.43 billion. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. The firm’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.49 earnings per share.

FANG has been the subject of several other research reports. Jefferies Financial Group initiated coverage on shares of Diamondback Energy in a research report on Monday, September 16th. They issued a “hold” rating and a $185.00 target price for the company. Evercore ISI cut their price objective on Diamondback Energy from $235.00 to $209.00 and set an “outperform” rating on the stock in a research note on Monday, September 30th. Wells Fargo & Company lifted their target price on Diamondback Energy from $218.00 to $219.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Royal Bank of Canada reissued an “outperform” rating and set a $210.00 price target on shares of Diamondback Energy in a research report on Wednesday, November 6th. Finally, UBS Group decreased their price objective on shares of Diamondback Energy from $235.00 to $212.00 and set a “buy” rating for the company in a report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Diamondback Energy has an average rating of “Moderate Buy” and an average price target of $209.83.

Diamondback Energy Stock Up 2.2 %

Shares of NASDAQ:FANG opened at $174.77 on Friday. The firm 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. The company has a fifty day simple moving average of $170.76 and a 200 day simple moving average of $183.96. The company has a current ratio of 0.45, a quick ratio of 0.42 and a debt-to-equity ratio of 0.31. Diamondback Energy has a 12-month low of $147.93 and a 12-month high of $214.50.

Hedge Funds Weigh In On Diamondback Energy

Large investors have recently made changes to their positions in the business. Carolinas Wealth Consulting LLC grew its position in Diamondback Energy by 67.1% during the second quarter. Carolinas Wealth Consulting LLC now owns 137 shares of the oil and natural gas company’s stock valued at $27,000 after purchasing an additional 55 shares in the last quarter. HHM Wealth Advisors LLC purchased a new position in shares of Diamondback Energy during the 2nd quarter valued at $40,000. Values First Advisors Inc. acquired a new position in shares of Diamondback Energy in the third quarter worth $42,000. CVA Family Office LLC raised its holdings in shares of Diamondback Energy by 28.1% during the third quarter. CVA Family Office LLC now owns 296 shares of the oil and natural gas company’s stock worth $51,000 after acquiring an additional 65 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group raised its holdings in shares of Diamondback Energy by 109.7% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 260 shares of the oil and natural gas company’s stock worth $52,000 after acquiring an additional 136 shares in the last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

Insider Buying and Selling at Diamondback Energy

In related news, Director Mark Lawrence Plaumann sold 1,150 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $181.00, for a total value of $208,150.00. Following the completion of the sale, the director now directly owns 4,712 shares of the company’s stock, valued at approximately $852,872. This represents a 19.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.48% of the company’s stock.

Diamondback Energy Announces Dividend

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

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.