Diamondback Energy (NASDAQ:FANG) Stock Keeps Outperform Rating at Royal Bank Of Canada

Posted by Brenda Bartman on Oct 14th, 2026

Diamondback Energy (NASDAQ:FANG – Get Free Report)‘s stock had its “outperform” rating reissued by equities researchers at Royal Bank Of Canada in a report issued on Wednesday, Benzinga reports. They presently have a $240.00 price target on the oil and natural gas company’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 20.90% from the stock’s previous close.

A number of other research analysts also recently issued reports on FANG. Stifel Nicolaus started coverage on Diamondback Energy in a research note on Thursday, September 10th. They set a “buy” rating and a $259.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of Diamondback Energy from $211.00 to $233.00 in a report on Wednesday, August 5th. Raymond James Financial reissued a “strong-buy” rating on shares of Diamondback Energy in a report on Thursday, September 17th. Jefferies Financial Group reaffirmed a “hold” rating and set a $215.00 target price (up from $205.00) on shares of Diamondback Energy in a research note on Sunday. Finally, Capital One Financial lifted their price target on shares of Diamondback Energy from $272.00 to $283.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $224.54.

View Our Latest Analysis on Diamondback Energy

Diamondback Energy Stock Performance

Shares of NASDAQ FANG traded up $0.33 during trading on Wednesday, reaching $198.51. 988,371 shares of the company traded hands, compared to its average volume of 2,629,869. Diamondback Energy has a 52-week low of $137.03 and a 52-week high of $216.90. The firm has a 50 day simple moving average of $196.57 and a 200-day simple moving average of $194.23. The company has a quick ratio of 0.45, a current ratio of 0.47 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $55.59 billion, a PE ratio of 38.75 and a beta of 0.55.

Diamondback Energy (NASDAQ:FANG – Get Free Report) last issued its quarterly earnings data 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 net margin of 8.58% and a return on equity of 10.10%. The firm had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter in the prior year, the business earned $2.38 EPS. The business’s quarterly revenue was up 51.2% on a year-over-year basis. Equities research analysts anticipate that Diamondback Energy will post 20.41 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Travis D. Stice sold 75,000 shares of the business’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $204.31, for a total transaction of $15,323,250.00. Following the completion of the sale, the director directly owned 49,727 shares of the company’s stock, valued at approximately $10,159,723.37. The trade was a 60.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles Meloy sold 33,333 shares of the firm’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $183.74, for a total transaction of $6,124,605.42. Following the transaction, the director directly owned 759,864 shares in the company, valued at $139,617,411.36. This trade represents a 4.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 141,666 shares of company stock valued at $28,061,456. 0.64% of the stock is owned by corporate insiders.

Institutional Trading of Diamondback Energy

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Diamondback Energy in the second quarter valued at about $3,303,362,000. Bank of New York Mellon Corp purchased a new position in Diamondback Energy during the 2nd quarter valued at about $852,791,000. Wellington Management Group LLP raised its holdings in Diamondback Energy by 31.3% in the second quarter. Wellington Management Group LLP now owns 16,420,247 shares of the oil and natural gas company’s stock valued at $2,886,351,000 after acquiring an additional 3,918,943 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Diamondback Energy during the second quarter worth approximately $268,855,000. Finally, EnCap Energy Capital Fund XII L.P. purchased a new position in Diamondback Energy during the 4th quarter worth approximately $169,342,000. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Diamondback Energy Company Profile

(Get Free Report)

Diamondback Energy, Inc is an independent oil and natural gas company headquartered in Midland, Texas. The company focuses primarily on the acquisition, development, exploration and production of unconventional, onshore oil and natural gas reserves in the Permian Basin of West Texas and southeastern New Mexico.

Diamondback’s operations are concentrated in the Midland and Delaware sub-basins, where it develops properties using horizontal drilling and hydraulic fracturing. Its production includes crude oil, natural gas and natural gas liquids.