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Diamondback Energy (FANG) Ascends While Market Falls: Some Facts to Note
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In the latest close session, Diamondback Energy (FANG - Free Report) was up +1.22% at $205.49. The stock's performance was ahead of the S&P 500's daily loss of 1.21%. Elsewhere, the Dow saw a downswing of 0.97%, while the tech-heavy Nasdaq depreciated by 2.15%.
The stock of energy exploration and production company has risen by 10.65% in the past month, leading the Oils-Energy sector's gain of 5.23% and the S&P 500's gain of 0.42%.
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 August 3, 2026. The company is expected to report EPS of $6.08, up 127.72% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $4.82 billion, indicating a 31.08% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $18.9 per share and revenue of $18.37 billion, which would represent changes of +41.36% and +22.23%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Diamondback Energy. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 5.72% lower. As of now, Diamondback Energy holds a Zacks Rank of #3 (Hold).
In terms of valuation, Diamondback Energy is presently being traded at a Forward P/E ratio of 10.74. This signifies a premium in comparison to the average Forward P/E of 10.42 for its industry.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 208, putting it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Diamondback Energy (FANG) Ascends While Market Falls: Some Facts to Note
In the latest close session, Diamondback Energy (FANG - Free Report) was up +1.22% at $205.49. The stock's performance was ahead of the S&P 500's daily loss of 1.21%. Elsewhere, the Dow saw a downswing of 0.97%, while the tech-heavy Nasdaq depreciated by 2.15%.
The stock of energy exploration and production company has risen by 10.65% in the past month, leading the Oils-Energy sector's gain of 5.23% and the S&P 500's gain of 0.42%.
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 August 3, 2026. The company is expected to report EPS of $6.08, up 127.72% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $4.82 billion, indicating a 31.08% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $18.9 per share and revenue of $18.37 billion, which would represent changes of +41.36% and +22.23%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Diamondback Energy. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 5.72% lower. As of now, Diamondback Energy holds a Zacks Rank of #3 (Hold).
In terms of valuation, Diamondback Energy is presently being traded at a Forward P/E ratio of 10.74. This signifies a premium in comparison to the average Forward P/E of 10.42 for its industry.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 208, putting it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.