Zacks Research Projects Q1 2026 Earnings for Diamondback Energy (FANG)

Mon, 04 May 2026 08:24:00 +0200

Zacks Research has issued its Q1 2026 earnings estimate for Diamondback Energy, Inc. (NASDAQ:FANG), forecasting the oil and natural gas company to earn $3.50 per share for the quarter. The firm also maintains a “Strong-Buy” rating on the stock. Analysts project the company's full-year 2026 earnings at $18.84 per share, with quarterly estimates of $4.57 for Q2, $4.47 for Q3, and $4.35 for Q4. Looking ahead, estimates for 2027 and Q1 2028 suggest continued strong performance. Other analysts have weighed in as well, with price targets ranging from $222 to $245 and ratings mostly in the “Buy” or “Strong-Buy” range. Diamondback Energy’s stock recently opened at $207.65, with a market capitalization of $58.41 billion and a PE ratio of 37.01. The company’s revenue fell 9% year-over-year in the last quarter, reporting $3.38 billion, with EPS of $1.74, below consensus expectations. Diamondback increased its quarterly dividend to $1.05, representing a 2% yield. Insider sales have occurred, but i