Diamondback Energy (NASDAQ:FANG) Shares Gap Down – Here’s What Happened

Posted by Francis Steltz on Jul 27th, 2026

Diamondback Energy, Inc. (NASDAQ:FANG – Get Free Report)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $204.68, but opened at $197.08. Diamondback Energy shares last traded at $200.69, with a volume of 130,513 shares.

Analysts Set New Price Targets

FANG has been the subject of a number of analyst reports. Roth Capital set a $212.00 price target on shares of Diamondback Energy and gave the company a “buy” rating in a report on Monday, June 22nd. Scotiabank boosted their price objective on Diamondback Energy from $175.00 to $195.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Morgan Stanley decreased their price objective on shares of Diamondback Energy from $229.00 to $216.00 and set an “overweight” rating for the company in a report on Monday, June 29th. Zacks Research cut Diamondback Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Finally, Mizuho boosted their price objective on shares of Diamondback Energy from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Four equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Diamondback Energy currently has an average rating of “Buy” and a consensus target price of $218.68.

Check Out Our Latest Stock Analysis on FANG

Diamondback Energy Trading Down 1.8%

The company’s fifty day moving average price is $191.42 and its 200-day moving average price is $182.82. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.56 and a quick ratio of 0.55. The stock has a market cap of $56.52 billion, a price-to-earnings ratio of 233.62 and a beta of 0.42.

Diamondback Energy (NASDAQ:FANG – Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $3.83 billion. Diamondback Energy had a net margin of 1.87% and a return on equity of 7.76%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $4.54 earnings per share. On average, research analysts expect that Diamondback Energy, Inc. will post 18.9 EPS for the current fiscal year.

Diamondback Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th were paid a $1.10 dividend. The ex-dividend date was Thursday, May 14th. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.2%. Diamondback Energy’s dividend payout ratio (DPR) is currently 511.63%.

Insider Buying and Selling at Diamondback Energy

In other Diamondback Energy news, Director Mark Lawrence Plaumann sold 500 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $196.50, for a total value of $98,250.00. Following the sale, the director directly owned 13,437 shares of the company’s stock, valued at approximately $2,640,370.50. This represents a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the executive vice president directly owned 46,392 shares in the company, valued at $9,303,451.68. This represents a 9.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 113,691 shares of company stock valued at $21,622,752. Company insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Diamondback Energy

A number of hedge funds have recently bought and sold shares of FANG. Massachusetts Financial Services Co. MA raised its stake in Diamondback Energy by 4.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,441,622 shares of the oil and natural gas company’s stock valued at $216,719,000 after purchasing an additional 56,194 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Diamondback Energy by 18.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 139,308 shares of the oil and natural gas company’s stock worth $20,942,000 after buying an additional 21,575 shares during the last quarter. Eagle Global Advisors LLC purchased a new stake in shares of Diamondback Energy during the 4th quarter valued at approximately $5,472,000. Hsbc Holdings PLC lifted its holdings in Diamondback Energy by 16.3% in the fourth quarter. Hsbc Holdings PLC now owns 338,577 shares of the oil and natural gas company’s stock valued at $50,890,000 after acquiring an additional 47,450 shares during the last quarter. Finally, QSM Asset Management Ltd grew its position in Diamondback Energy by 100.0% in the fourth quarter. QSM Asset Management Ltd now owns 61,000 shares of the oil and natural gas company’s stock worth $9,170,000 after acquiring an additional 30,500 shares during the period. Hedge funds and other institutional investors own 90.01% of the company’s stock.

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.