Research Analysts Issue Forecasts for FANG Q4 Earnings

Diamondback Energy, Inc. (NASDAQ:FANG) – Investment analysts at Roth Capital lowered their Q4 2024 EPS estimates for shares of Diamondback Energy in a research note issued on Tuesday, November 5th. Roth Capital analyst L. Mariani now expects that the oil and natural gas company will earn $3.33 per share for the quarter, down from their previous forecast of $4.46. The consensus estimate for Diamondback Energy’s current full-year earnings is $17.10 per share. Roth Capital also issued estimates for Diamondback Energy’s Q1 2025 earnings at $3.30 EPS, Q2 2025 earnings at $3.14 EPS, Q3 2025 earnings at $3.54 EPS, Q4 2025 earnings at $3.96 EPS and FY2025 earnings at $13.94 EPS.

Diamondback Energy (NASDAQ:FANG) last posted its earnings results on Monday, November 4th. The oil and natural gas company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.62 by ($1.24). The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.43 billion. Diamondback Energy had a return on equity of 17.64% and a net margin of 33.64%. Diamondback Energy’s revenue was up 13.0% compared to the same quarter last year. During the same period last year, the business earned $5.49 EPS.

A number of other equities research analysts have also recently weighed in on FANG. Piper Sandler lifted their price target on shares of Diamondback Energy from $240.00 to $252.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Benchmark reiterated a “buy” rating and issued a $195.00 target price on shares of Diamondback Energy in a report on Tuesday, October 29th. KeyCorp decreased their price target on Diamondback Energy from $225.00 to $216.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Susquehanna dropped their price objective on Diamondback Energy from $237.00 to $233.00 and set a “positive” rating for the company in a research note on Friday, October 18th. Finally, Bank of America boosted their price objective on Diamondback Energy from $201.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Two analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Diamondback Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.64.

Diamondback Energy Stock Down 1.1 %

Shares of FANG opened at $181.59 on Thursday. The company’s 50-day moving average price is $182.34 and its 200 day moving average price is $192.55. Diamondback Energy has a 12-month low of $145.70 and a 12-month high of $214.50. The company has a current ratio of 3.66, a quick ratio of 3.64 and a debt-to-equity ratio of 0.65. The firm has a market cap of $53.52 billion, a P/E ratio of 10.42, a price-to-earnings-growth ratio of 1.26 and a beta of 1.89.

Institutional Investors Weigh In On Diamondback Energy

Institutional investors have recently added to or reduced their stakes in the business. Prospera Financial Services Inc increased its stake in Diamondback Energy by 56.9% in the third quarter. Prospera Financial Services Inc now owns 4,553 shares of the oil and natural gas company’s stock valued at $786,000 after purchasing an additional 1,651 shares during the last quarter. Caprock Group LLC grew its position in shares of Diamondback Energy by 3.0% in the 3rd quarter. Caprock Group LLC now owns 8,074 shares of the oil and natural gas company’s stock valued at $1,392,000 after buying an additional 237 shares during the last quarter. Swiss National Bank raised its stake in Diamondback Energy by 11.7% during the 3rd quarter. Swiss National Bank now owns 560,099 shares of the oil and natural gas company’s stock worth $96,561,000 after acquiring an additional 58,500 shares in the last quarter. Concord Asset Management LLC VA lifted its position in Diamondback Energy by 4.9% in the third quarter. Concord Asset Management LLC VA now owns 2,945 shares of the oil and natural gas company’s stock valued at $508,000 after acquiring an additional 138 shares during the last quarter. Finally, Tower Bridge Advisors boosted its stake in Diamondback Energy by 20.0% in the third quarter. Tower Bridge Advisors now owns 6,930 shares of the oil and natural gas company’s stock valued at $1,195,000 after acquiring an additional 1,154 shares in the last quarter. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Insider Buying and Selling at Diamondback Energy

In other Diamondback Energy news, major shareholder Lyndal Greth sold 13,212,830 shares of Diamondback Energy stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $175.11, for a total transaction of $2,313,698,661.30. Following the completion of the sale, the insider now directly owns 1,037,819 shares of the company’s stock, valued at $181,732,485.09. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.48% of the stock is owned by insiders.

Diamondback Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, November 14th. Diamondback Energy’s dividend payout ratio (DPR) 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.