Diamondback Energy, Inc. (NASDAQ:FANG) Receives $215.70 Average PT from Analysts

Posted by Brian Himes on May 12th, 2026

Diamondback Energy, Inc. (NASDAQ:FANG – Get Free Report) has been assigned an average rating of “Buy” from the twenty-six analysts that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and five have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $218.25.

FANG has been the subject of a number of recent analyst reports. Piper Sandler increased their target price on shares of Diamondback Energy from $215.00 to $248.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Scotiabank increased their target price on shares of Diamondback Energy from $175.00 to $195.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Raymond James Financial reissued a “strong-buy” rating and set a $242.00 target price on shares of Diamondback Energy in a research report on Monday, April 27th. Truist Financial set a $242.00 target price on shares of Diamondback Energy in a research report on Wednesday, May 6th. Finally, Freedom Capital raised shares of Diamondback Energy to a “strong-buy” rating in a research report on Tuesday, March 10th.

Read Our Latest Report on Diamondback Energy

Insider Activity at Diamondback Energy

In other news, Director Charles Alvin Meloy sold 7,857 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $189.20, for a total transaction of $1,486,544.40. Following the completion of the sale, the director owned 942,721 shares of the company’s stock, valued at $178,362,813.20. This trade represents a 0.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Matt Zmigrosky sold 4,101 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $190.51, for a total transaction of $781,281.51. Following the sale, the executive vice president directly owned 56,392 shares of the company’s stock, valued at approximately $10,743,239.92. This trade represents a 6.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 164,321 shares of company stock worth $30,054,975. Corporate insiders own 0.64% of the company’s stock.

Institutional Trading of Diamondback Energy

Several large investors have recently modified their holdings of FANG. Wellington Management Group LLP grew 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 buying an additional 1,379,010 shares during the period. EnCap Energy Capital Fund XII L.P. acquired a new stake in shares of Diamondback Energy during the 4th quarter worth approximately $169,342,000. Smead Capital Management Inc. acquired a new stake in Diamondback Energy in the 2nd quarter valued at $144,775,000. Capital Research Global Investors grew its position in Diamondback Energy by 38.0% in the 3rd quarter. Capital Research Global Investors now owns 3,798,812 shares of the oil and natural gas company’s stock valued at $543,610,000 after purchasing an additional 1,046,398 shares during the period. Finally, Encompass Capital Advisors LLC acquired a new stake in Diamondback Energy in the 4th quarter valued at $112,198,000. Institutional investors and hedge funds own 90.01% of the company’s stock.

Diamondback Energy Stock Performance

NASDAQ:FANG opened at $196.15 on Friday. The company has a market capitalization of $55.18 billion, a PE ratio of 228.08 and a beta of 0.46. The company has a 50 day simple moving average of $189.81 and a two-hundred day simple moving average of $166.35. 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 fifty-two week low of $132.20 and a fifty-two week high of $214.51.

Diamondback Energy (NASDAQ:FANG – Get Free Report) last released its earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 earnings per share for the quarter, beating 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 net margin of 1.87% and a return on equity of 7.76%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.54 EPS. Research analysts anticipate that Diamondback Energy will post 18.88 earnings per share for the current year.

Diamondback Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th will be given a dividend of $1.10 per share. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.2%. Diamondback Energy’s payout ratio is 488.37%.

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.

Analyst Recommendations for Diamondback Energy (NASDAQ:FANG)

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