Scotiabank Forecasts Strong Price Appreciation for Diamondback Energy (NASDAQ:FANG) Stock

Diamondback Energy (NASDAQ:FANG) had its price objective hoisted by equities researchers at Scotiabank from $175.00 to $195.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “sector outperform” rating on the oil and natural gas company’s stock. Scotiabank’s price objective points to a potential upside of 1.48% from the stock’s current price.

A number of other equities analysts have also issued reports on FANG. Jefferies Financial Group reaffirmed a “hold” rating and set a $173.00 price target on shares of Diamondback Energy in a research note on Monday, January 19th. Wall Street Zen downgraded Diamondback Energy from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th. Susquehanna upped their price objective on Diamondback Energy from $182.00 to $199.00 and gave the company a “positive” rating in a report on Wednesday, February 25th. Piper Sandler lifted their target price on Diamondback Energy from $215.00 to $248.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Finally, Morgan Stanley boosted their price target on shares of Diamondback Energy from $220.00 to $224.00 and gave the stock an “overweight” rating in a research report on Friday. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $207.95.

Diamondback Energy Price Performance

Shares of NASDAQ:FANG traded up $2.36 during trading on Wednesday, reaching $192.16. The company had a trading volume of 542,252 shares, compared to its average volume of 2,981,434. The firm’s fifty day moving average is $183.43 and its 200 day moving average is $161.78. The firm has a market capitalization of $54.06 billion, a PE ratio of 34.32 and a beta of 0.50. Diamondback Energy has a twelve month low of $127.75 and a twelve month high of $204.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.40 and a current ratio of 0.42.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Monday, February 23rd. The oil and natural gas company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.26). Diamondback Energy had a net margin of 11.07% and a return on equity of 8.08%. The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same quarter in the prior year, the business earned $3.67 EPS. Diamondback Energy’s revenue was down 9.0% compared to the same quarter last year. On average, equities analysts forecast that Diamondback Energy will post 16.9 EPS for the current year.

Insider Buying and Selling at Diamondback Energy

In other Diamondback Energy news, Director Steven E. West sold 6,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $188.35, for a total transaction of $1,130,100.00. Following the completion of the sale, the director directly owned 4,484 shares of the company’s stock, valued at approximately $844,561.40. This represents a 57.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Teresa L. Dick sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $190.00, for a total transaction of $950,000.00. Following the completion of the transaction, the chief accounting officer owned 107,755 shares of the company’s stock, valued at approximately $20,473,450. The trade was a 4.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,217,069 shares of company stock worth $201,213,109. 0.48% of the stock is owned by insiders.

Hedge Funds Weigh In On Diamondback Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new stake in shares of Diamondback Energy during the fourth quarter worth $25,000. Richardson Financial Services Inc. grew its stake in Diamondback Energy by 245.1% in the fourth quarter. Richardson Financial Services Inc. now owns 176 shares of the oil and natural gas company’s stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in Diamondback Energy in the 4th quarter worth about $26,000. JPL Wealth Management LLC acquired a new position in Diamondback Energy in the 3rd quarter worth about $26,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Diamondback Energy by 106.3% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the oil and natural gas company’s stock worth $28,000 after purchasing an additional 102 shares in the last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

Diamondback Energy News Roundup

Here are the key news stories impacting Diamondback Energy this week:

• Positive Sentiment: Zacks Research raised multiple near?term and long?range EPS estimates for Diamondback (Q1–Q3 2026, FY2026, FY2027 and beyond), boosting the company’s earnings outlook and supporting the stock’s recent strength. Zacks estimate upgrades (MarketBeat)
• Neutral Sentiment: Zacks compares Diamondback vs. Permian Resources: Diamondback’s scale and cash flow are positives, but Permian Resources’ lower valuation and disciplined growth are cited as competitive advantages — a mixed read for relative investors. FANG vs. PR: Which Permian Basin Player Has the Upper Hand?
• Neutral Sentiment: A sector performance piece looks at how Diamondback and other oil/energy names have trended year?to?date versus the sector — useful context but not a direct catalyst. Are Oils-Energy Stocks Lagging Diamondback Energy (FANG) This Year?
• Neutral Sentiment: General buy?list coverage and market commentary mentioning strong, market?beating names can support interest in FANG but are lower?impact than earnings revisions or valuation debate. 3 Market-Beating Stocks on Our Buy List
• Negative Sentiment: Valuation scrutiny: recent coverage asks whether Diamondback’s rally has left it overvalued given big short? and medium?term gains (90?day and 1?year returns highlighted), which can temper momentum and attract profit?taking. Assessing Whether Diamondback Energy (FANG) Still Looks Overvalued
• Negative Sentiment: Fundamental caution: last reported quarter showed an EPS miss and year?over?year revenue decline, a reminder that operational/earnings execution still matters despite upgraded forecasts (this remains a potential downside risk to sentiment).

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.