Diamondback Energy, Inc. (NASDAQ:FANG – Free Report) – Investment analysts at Zacks Research dropped their Q3 2026 earnings per share (EPS) estimates for shares of Diamondback Energy in a research report issued to clients and investors on Monday, August 17th. Zacks Research analyst Team now expects that the oil and natural gas company will earn $2.70 per share for the quarter, down from their prior estimate of $4.32. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Diamondback Energy’s current full-year earnings is $19.50 per share. Zacks Research also issued estimates for Diamondback Energy’s Q4 2026 earnings at $3.11 EPS, FY2026 earnings at $16.52 EPS, Q1 2027 earnings at $4.27 EPS, Q4 2027 earnings at $3.08 EPS, FY2027 earnings at $14.95 EPS, Q1 2028 earnings at $3.12 EPS and Q2 2028 earnings at $4.37 EPS.
Diamondback Energy (NASDAQ:FANG – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The oil and natural gas company reported $6.48 earnings per share for the quarter, topping the consensus estimate of $6.08 by $0.40. Diamondback Energy had a return on equity of 10.10% and a net margin of 8.58%.The company had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $4.89 billion. During the same period in the prior year, the firm earned $2.38 earnings per share. The firm’s revenue for the quarter was up 51.2% on a year-over-year basis.
Check Out Our Latest Research Report on FANG
Diamondback Energy Trading Up 1.8%
Shares of NASDAQ FANG opened at $210.02 on Wednesday. The stock has a market cap of $58.81 billion, a P/E ratio of 40.94 and a beta of 0.43. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.47 and a quick ratio of 0.45. Diamondback Energy has a 1 year low of $134.30 and a 1 year high of $214.51. The firm has a 50-day moving average of $190.79 and a 200 day moving average of $188.42.
Institutional Investors Weigh In On Diamondback Energy
Hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Diamondback Energy in the second quarter worth about $3,303,362,000. Bank of New York Mellon Corp purchased a new position in shares of Diamondback Energy during the 2nd quarter valued at about $852,791,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Diamondback Energy during the 2nd quarter valued at about $268,855,000. Wellington Management Group LLP grew its stake 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 valued at $487,045,000 after acquiring an additional 1,379,010 shares during the period. Finally, EnCap Energy Capital Fund XII L.P. bought a new position in shares of Diamondback Energy during the 4th quarter valued at approximately $169,342,000. Institutional investors own 90.01% of the company’s stock.
Insider Transactions at Diamondback Energy
In other Diamondback Energy news, EVP Matt Zmigrosky sold 5,000 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $200.54, for a total value of $1,002,700.00. Following the transaction, the executive vice president owned 46,392 shares of the company’s stock, valued at approximately $9,303,451.68. This represents a 9.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark Lawrence Plaumann sold 500 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $196.50, for a total value of $98,250.00. Following the completion of the transaction, the director directly owned 13,437 shares in the company, valued at $2,640,370.50. The trade was a 3.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 129,167 shares of company stock worth $24,714,309 in the last three months. 0.64% of the stock is owned by insiders.
Diamondback Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 13th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $4.40 annualized dividend and a dividend yield of 2.1%. Diamondback Energy’s payout ratio is presently 85.77%.
More Diamondback Energy News
Here are the key news stories impacting Diamondback Energy this week:
- Positive Sentiment: Diamondback’s participation in new Permian-to-Katy gas and Solitude pipeline ventures is reshaping its investment story toward greater midstream exposure. The projects could improve market access, support long-term production growth and diversify revenue beyond oil and gas production. How Diamondback’s Permian-to-Katy Gas Pipeline Bet Has Changed Its Investment Story
- Positive Sentiment: Zacks Research raised its Q2 2028 EPS forecast to $4.37 from $3.51 and increased its FY2028 estimate to $15.37 from $14.83, suggesting analysts see potential for longer-term earnings resilience from Diamondback’s operations and infrastructure investments.
- Neutral Sentiment: Analysts continue to rate FANG “Hold.” An article discussing whether the shares are undervalued after Diamondback joined the Solitude pipeline venture may reinforce investor interest, although it does not represent a formal rating change. Is Diamondback Energy Undervalued As It Joins the Solitude Pipeline Venture?
- Negative Sentiment: Zacks Research lowered several earnings forecasts, including Q3 2026 EPS to $2.70 from $4.32, Q4 2026 EPS to $3.11 from $4.19, FY2026 EPS to $16.52 from $18.11, and FY2027 EPS to $14.95 from $16.42. It also reduced Q1 2027, Q4 2027, Q2 2027 and Q3 2027 estimates, signaling weaker expected near-term profitability.
About Diamondback Energy
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.
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