We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Diamondback Energy (FANG) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
The most recent trading session ended with Diamondback Energy (FANG - Free Report) standing at $124.53, reflecting a +0.94% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.23% loss on the day. Elsewhere, the Dow saw a downswing of 0.91%, while the tech-heavy Nasdaq appreciated by 0.1%.
Shares of the energy exploration and production company witnessed a loss of 11.95% over the previous month, trailing the performance of the Oils-Energy sector with its loss of 7.71% and outperforming the S&P 500's loss of 12.13%.
The investment community will be paying close attention to the earnings performance of Diamondback Energy in its upcoming release. The company is slated to reveal its earnings on May 5, 2025. The company is expected to report EPS of $3.67, down 18.44% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $3.58 billion, showing a 60.65% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $14.89 per share and a revenue of $14.76 billion, demonstrating changes of -10.14% and +33.42%, respectively, from the preceding year.
Any recent changes to analyst estimates for Diamondback Energy should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 4.86% fall in the Zacks Consensus EPS estimate. Diamondback Energy currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Diamondback Energy is currently exchanging hands at a Forward P/E ratio of 8.29. For comparison, its industry has an average Forward P/E of 6.62, which means Diamondback Energy is trading at a premium to the group.
Also, we should mention that FANG has a PEG ratio of 0.99. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Oil and Gas - Exploration and Production - United States industry had an average PEG ratio of 0.79 as trading concluded yesterday.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 178, finds itself in the bottom 29% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Diamondback Energy (FANG) Gains As Market Dips: What You Should Know
The most recent trading session ended with Diamondback Energy (FANG - Free Report) standing at $124.53, reflecting a +0.94% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.23% loss on the day. Elsewhere, the Dow saw a downswing of 0.91%, while the tech-heavy Nasdaq appreciated by 0.1%.
Shares of the energy exploration and production company witnessed a loss of 11.95% over the previous month, trailing the performance of the Oils-Energy sector with its loss of 7.71% and outperforming the S&P 500's loss of 12.13%.
The investment community will be paying close attention to the earnings performance of Diamondback Energy in its upcoming release. The company is slated to reveal its earnings on May 5, 2025. The company is expected to report EPS of $3.67, down 18.44% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $3.58 billion, showing a 60.65% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $14.89 per share and a revenue of $14.76 billion, demonstrating changes of -10.14% and +33.42%, respectively, from the preceding year.
Any recent changes to analyst estimates for Diamondback Energy should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 4.86% fall in the Zacks Consensus EPS estimate. Diamondback Energy currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Diamondback Energy is currently exchanging hands at a Forward P/E ratio of 8.29. For comparison, its industry has an average Forward P/E of 6.62, which means Diamondback Energy is trading at a premium to the group.
Also, we should mention that FANG has a PEG ratio of 0.99. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Oil and Gas - Exploration and Production - United States industry had an average PEG ratio of 0.79 as trading concluded yesterday.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 178, finds itself in the bottom 29% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.