FY2025 EPS Forecast for Diamondback Energy Raised by Analyst

Diamondback Energy, Inc. (NASDAQ:FANG) – Stock analysts at Scotiabank lifted their FY2025 earnings per share (EPS) estimates for shares of Diamondback Energy in a research note issued on Wednesday, March 19th. Scotiabank analyst P. Cheng now expects that the oil and natural gas company will post earnings per share of $15.40 for the year, up from their previous forecast of $15.20. The consensus estimate for Diamondback Energy’s current full-year earnings is $15.49 per share.

Diamondback Energy (NASDAQ:FANG) last announced its earnings results on Tuesday, February 25th. The oil and natural gas company reported $3.64 EPS for the quarter, topping the consensus estimate of $3.57 by $0.07. Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. The business had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.55 billion.

Several other brokerages have also recently commented on FANG. 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 Thursday, January 23rd. Mizuho increased their price objective on Diamondback Energy from $201.00 to $204.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. The Goldman Sachs Group initiated coverage on shares of Diamondback Energy in a report on Monday, December 2nd. They set a “buy” rating and a $227.00 target price on the stock. Wolfe Research upgraded 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 research note on Friday, January 3rd. Finally, Barclays lowered their price objective on shares of Diamondback Energy from $210.00 to $200.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Diamondback Energy has a consensus rating of “Moderate Buy” and a consensus target price of $209.92.

Diamondback Energy Trading Up 1.6 %

Diamondback Energy stock opened at $161.01 on Monday. The company has a market cap of $46.60 billion, a price-to-earnings ratio of 9.22, a P/E/G ratio of 1.24 and a beta of 1.85. The firm has a 50-day moving average of $160.14 and a 200-day moving average of $170.13. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42. Diamondback Energy has a one year low of $137.09 and a one year high of $214.50.

Diamondback Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Thursday, March 6th. This is a positive change from Diamondback Energy’s previous quarterly dividend of $0.90. Diamondback Energy’s dividend payout ratio is presently 25.32%.

Insider Transactions at Diamondback Energy

In related news, Director Frank D. Tsuru bought 2,000 shares of Diamondback Energy stock in a transaction dated Friday, February 28th. The shares were bought at an average cost of $156.51 per share, with a total value of $313,020.00. Following the acquisition, the director now owns 5,730 shares in the company, valued at $896,802.30. This trade represents a 53.62 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. 111 Capital bought a new position in Diamondback Energy in the 4th quarter valued at about $248,000. Thoma Capital Management LLC bought a new position in Diamondback Energy in the fourth quarter valued at approximately $640,000. Wealth Enhancement Advisory Services LLC raised its position in Diamondback Energy by 145.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 39,162 shares of the oil and natural gas company’s stock valued at $6,416,000 after purchasing an additional 23,191 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its stake in Diamondback Energy by 6.5% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 1,758 shares of the oil and natural gas company’s stock worth $288,000 after purchasing an additional 108 shares during the last quarter. Finally, PKO Investment Management Joint Stock Co acquired a new stake in shares of Diamondback Energy in the 4th quarter valued at $901,000. Institutional investors and hedge funds 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.