Q4 EPS Estimate for Diamondback Energy Lowered by Analyst

Diamondback Energy, Inc. (NASDAQ:FANG) – Roth Capital dropped their Q4 2024 earnings per share estimates for Diamondback Energy in a note issued to investors on Tuesday, November 5th. Roth Capital analyst L. Mariani now anticipates that the oil and natural gas company will post earnings per share of $3.33 for the quarter, down from their prior estimate of $4.46. The consensus estimate for Diamondback Energy’s current full-year earnings is $17.10 per share. Roth Capital also issued estimates for Diamondback Energy’s Q1 2025 earnings at $3.30 EPS, Q2 2025 earnings at $3.14 EPS, Q3 2025 earnings at $3.54 EPS, Q4 2025 earnings at $3.96 EPS and FY2025 earnings at $13.94 EPS.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings data on Monday, November 4th. The oil and natural gas company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $4.62 by ($1.24). Diamondback Energy had a net margin of 33.64% and a return on equity of 17.64%. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter last year, the firm earned $5.49 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis.

A number of other equities research analysts have also issued reports on FANG. StockNews.com lowered Diamondback Energy from a “hold” rating to a “sell” rating in a research report on Tuesday. JPMorgan Chase & Co. began coverage on Diamondback Energy in a research report on Wednesday, October 2nd. They issued an “overweight” rating and a $182.00 target price on the stock. Bank of America boosted their price target on Diamondback Energy from $201.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Wells Fargo & Company reaffirmed a “sector outperform” rating on shares of Diamondback Energy in a research report on Friday, October 18th. Finally, Benchmark reaffirmed a “buy” rating and set a $195.00 price target on shares of Diamondback Energy in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Diamondback Energy currently has an average rating of “Moderate Buy” and a consensus target price of $209.64.

Diamondback Energy Trading Up 4.5 %

NASDAQ:FANG opened at $183.62 on Thursday. Diamondback Energy has a fifty-two week low of $145.70 and a fifty-two week high of $214.50. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.66 and a quick ratio of 3.64. The stock has a market capitalization of $54.12 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 1.26 and a beta of 1.89. The business’s 50-day simple moving average is $182.34 and its 200-day simple moving average is $192.55.

Diamondback Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th will be given a dividend of $0.90 per share. The ex-dividend date is Thursday, November 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.96%. Diamondback Energy’s payout ratio is 20.61%.

Insider Activity

In other news, major shareholder Lyndal Greth sold 13,212,830 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 1,037,819 shares of the company’s stock, valued at approximately $181,732,485.09. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Diamondback Energy

A number of institutional investors have recently modified their holdings of the business. Quent Capital LLC raised its holdings in shares of Diamondback Energy by 7.2% during the 2nd quarter. Quent Capital LLC now owns 809 shares of the oil and natural gas company’s stock worth $162,000 after buying an additional 54 shares in the last quarter. Carolinas Wealth Consulting LLC increased its holdings in Diamondback Energy by 67.1% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 137 shares of the oil and natural gas company’s stock worth $27,000 after purchasing an additional 55 shares in the last quarter. Financial Advocates Investment Management increased its holdings in Diamondback Energy by 3.0% in the 3rd quarter. Financial Advocates Investment Management now owns 1,907 shares of the oil and natural gas company’s stock worth $329,000 after purchasing an additional 55 shares in the last quarter. Sugarloaf Wealth Management LLC increased 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 worth $3,999,000 after purchasing an additional 56 shares in the last quarter. Finally, Versant Capital Management Inc increased 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 worth $82,000 after purchasing an additional 57 shares in the last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

About Diamondback Energy

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.