Capital One Financial Has Weak Forecast for FANG Q4 Earnings

Diamondback Energy, Inc. (NASDAQ:FANG) – Investment analysts at Capital One Financial decreased their Q4 2024 earnings estimates for Diamondback Energy in a research note issued to investors on Wednesday, October 16th. Capital One Financial analyst B. Velie now expects that the oil and natural gas company will post earnings per share of $4.52 for the quarter, down from their prior estimate of $4.76. The consensus estimate for Diamondback Energy’s current full-year earnings is $19.08 per share. Capital One Financial also issued estimates for Diamondback Energy’s Q2 2025 earnings at $3.91 EPS, Q3 2025 earnings at $4.07 EPS, Q4 2025 earnings at $3.97 EPS, FY2025 earnings at $15.81 EPS and FY2026 earnings at $16.31 EPS.

Several other analysts also recently issued reports on FANG. Morgan Stanley boosted their price objective on Diamondback Energy from $185.00 to $198.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Jefferies Financial Group began coverage on shares of Diamondback Energy in a report on Monday, September 16th. They set a “hold” rating and a $185.00 price target on the stock. UBS Group decreased their price objective on shares of Diamondback Energy from $247.00 to $223.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Johnson Rice downgraded shares of Diamondback Energy from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, September 24th. Finally, StockNews.com lowered Diamondback Energy from a “buy” rating to a “hold” rating in a report on Saturday, July 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Diamondback Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $210.09.

Diamondback Energy Trading Up 0.0 %

Shares of NASDAQ FANG opened at $183.99 on Monday. The company has a quick ratio of 3.64, a current ratio of 3.66 and a debt-to-equity ratio of 0.65. Diamondback Energy has a 12 month low of $145.70 and a 12 month high of $214.50. The company has a market cap of $32.81 billion, a price-to-earnings ratio of 10.37, a P/E/G ratio of 1.22 and a beta of 1.89. The business has a fifty day simple moving average of $186.35 and a 200-day simple moving average of $194.71.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings data on Monday, August 5th. The oil and natural gas company reported $4.52 earnings per share for the quarter, topping the consensus estimate of $4.51 by $0.01. The business had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.19 billion. Diamondback Energy had a return on equity of 19.54% and a net margin of 37.51%. The company’s revenue was up 29.4% compared to the same quarter last year. During the same period last year, the company posted $3.68 EPS.

Institutional Trading of Diamondback Energy

Several large investors have recently modified their holdings of the company. Quent Capital LLC boosted its holdings in Diamondback Energy by 7.2% during the second quarter. Quent Capital LLC now owns 809 shares of the oil and natural gas company’s stock valued at $162,000 after acquiring an additional 54 shares during the period. Carolinas Wealth Consulting LLC boosted its stake in Diamondback Energy by 67.1% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 137 shares of the oil and natural gas company’s stock valued at $27,000 after purchasing an additional 55 shares during the period. Sugarloaf Wealth Management LLC grew its holdings in Diamondback Energy by 0.3% in the 2nd quarter. Sugarloaf Wealth Management LLC now owns 19,975 shares of the oil and natural gas company’s stock valued at $3,999,000 after buying an additional 56 shares during the last quarter. Versant Capital Management Inc grew its holdings in Diamondback Energy by 16.1% in the 2nd quarter. Versant Capital Management Inc now owns 412 shares of the oil and natural gas company’s stock valued at $82,000 after buying an additional 57 shares during the last quarter. Finally, Confluence Investment Management LLC increased its position in Diamondback Energy by 1.6% in the 2nd quarter. Confluence Investment Management LLC now owns 3,667 shares of the oil and natural gas company’s stock worth $734,000 after buying an additional 58 shares during the period. 90.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Diamondback Energy

In other news, major shareholder Lyndal Greth sold 13,212,830 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $175.11, for a total transaction of $2,313,698,661.30. Following the completion of the sale, the insider now owns 1,037,819 shares in the company, valued at approximately $181,732,485.09. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.48% of the company’s stock.

Diamondback Energy Increases Dividend

The firm also recently announced a None dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were given a dividend of $2.34 per share. This represents a yield of 1.9%. This is an increase from Diamondback Energy’s previous None dividend of $2.26. The ex-dividend date of this dividend was Thursday, August 15th. Diamondback Energy’s dividend payout ratio is presently 20.29%.

Diamondback Energy Company Profile

Diamondback Energy, Inc, an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.