Diamondback Energy, Inc. (NASDAQ:FANG) Given Average Recommendation of “Buy” by Brokerages

Posted by Brenda Bartman on Jul 30th, 2026

Diamondback Energy, Inc. (NASDAQ:FANG – Get Free Report) has been assigned a consensus recommendation of “Buy” from the twenty-five brokerages that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and four have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $218.6842.

Several analysts have issued reports on FANG shares. Wells Fargo & Company set a $212.00 price objective on Diamondback Energy in a research note on Monday, June 22nd. Truist Financial lowered their price target on Diamondback Energy from $242.00 to $220.00 and set a “buy” rating for the company in a report on Thursday, July 16th. Morgan Stanley dropped their price target on Diamondback Energy from $229.00 to $216.00 and set an “overweight” rating on the stock in a research report on Monday, June 29th. Barclays upped their price target on Diamondback Energy from $225.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $249.00 price objective on shares of Diamondback Energy in a report on Wednesday, June 10th.

Read Our Latest Stock Report on Diamondback Energy

Insider Buying and Selling at Diamondback Energy

In other news, Director Charles Alvin Meloy sold 83,334 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $187.12, for a total value of $15,593,458.08. Following the transaction, the director directly owned 851,530 shares in the company, valued at approximately $159,338,293.60. This trade represents a 8.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Teresa L. Dick sold 7,000 shares of Diamondback Energy stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $200.90, for a total transaction of $1,406,300.00. Following the completion of the transaction, the chief accounting officer directly owned 85,755 shares of the company’s stock, valued at $17,228,179.50. This trade represents a 7.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 113,691 shares of company stock valued at $21,622,752 over the last three months. 0.64% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Diamondback Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of FANG. Wellington Management Group LLP raised its position in shares of Diamondback Energy by 74.1% during the 4th quarter. Wellington Management Group LLP now owns 3,239,837 shares of the oil and natural gas company’s stock worth $487,045,000 after purchasing an additional 1,379,010 shares during the period. EnCap Energy Capital Fund XII L.P. acquired a new position in Diamondback Energy during the 4th quarter valued at approximately $169,342,000. Smead Capital Management Inc. acquired a new position in Diamondback Energy during the 2nd quarter valued at approximately $144,775,000. Encompass Capital Advisors LLC acquired a new position in Diamondback Energy during the 4th quarter valued at approximately $112,198,000. Finally, Capital Research Global Investors grew its stake in Diamondback Energy by 14.1% during the 4th quarter. Capital Research Global Investors now owns 4,332,885 shares of the oil and natural gas company’s stock worth $651,363,000 after buying an additional 534,073 shares during the last quarter. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Diamondback Energy Stock Performance

Shares of Diamondback Energy stock opened at $199.13 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.55 and a current ratio of 0.56. Diamondback Energy has a 1 year low of $134.30 and a 1 year high of $214.51. The firm’s 50-day simple moving average is $190.77 and its 200-day simple moving average is $183.89. The firm has a market cap of $56.02 billion, a PE ratio of 231.55 and a beta of 0.42.

Diamondback Energy (NASDAQ:FANG – Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 EPS for the quarter, topping analysts’ consensus estimates of $3.74 by $0.49. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $3.83 billion. Diamondback Energy had a return on equity of 7.76% and a net margin of 1.87%.The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $4.54 earnings per share. Equities analysts forecast that Diamondback Energy will post 18.9 earnings per share for the current fiscal year.

About Diamondback Energy

(Get Free Report)

Diamondback Energy, Inc (NASDAQ: FANG) is an independent oil and natural gas company focused on the development, exploration and production of unconventional resources in the Permian Basin. Headquartered in Midland, Texas, the company concentrates its operations in the core Midland and Delaware sub‑basins of West Texas and southeastern New Mexico, where it pursues contiguous acreage positions to support repeatable drilling programs.

Diamondback’s activities span the upstream value chain, including leasehold acquisition, well planning, drilling, completion and production optimization.