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Diamondback Energy (FANG) Ascends While Market Falls: Some Facts to Note
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Diamondback Energy (FANG - Free Report) closed the most recent trading day at $198.18, moving +1.57% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.02%. Meanwhile, the Dow experienced a drop of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.15%.
Shares of the energy exploration and production company have depreciated by 5.16% over the course of the past month, underperforming the Oils-Energy sector's gain of 3.04%, and the S&P 500's gain of 2.05%.
Market participants will be closely following the financial results of Diamondback Energy in its upcoming release. The company plans to announce its earnings on November 2, 2026. The company is forecasted to report an EPS of $4.47, showcasing a 45.13% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $4.18 billion, showing a 6.46% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $20.41 per share and revenue of $18.8 billion, indicating changes of +52.66% and +25.14%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Diamondback Energy. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 past month, the Zacks Consensus EPS estimate has moved 2.32% higher. Diamondback Energy is currently a Zacks Rank #3 (Hold).
With respect to valuation, Diamondback Energy is currently being traded at a Forward P/E ratio of 9.56. This expresses no noticeable deviation compared to the average Forward P/E of 9.56 of 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 60, putting it in the top 25% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Diamondback Energy (FANG) Ascends While Market Falls: Some Facts to Note
Diamondback Energy (FANG - Free Report) closed the most recent trading day at $198.18, moving +1.57% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.02%. Meanwhile, the Dow experienced a drop of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.15%.
Shares of the energy exploration and production company have depreciated by 5.16% over the course of the past month, underperforming the Oils-Energy sector's gain of 3.04%, and the S&P 500's gain of 2.05%.
Market participants will be closely following the financial results of Diamondback Energy in its upcoming release. The company plans to announce its earnings on November 2, 2026. The company is forecasted to report an EPS of $4.47, showcasing a 45.13% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $4.18 billion, showing a 6.46% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $20.41 per share and revenue of $18.8 billion, indicating changes of +52.66% and +25.14%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Diamondback Energy. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 past month, the Zacks Consensus EPS estimate has moved 2.32% higher. Diamondback Energy is currently a Zacks Rank #3 (Hold).
With respect to valuation, Diamondback Energy is currently being traded at a Forward P/E ratio of 9.56. This expresses no noticeable deviation compared to the average Forward P/E of 9.56 of 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 60, putting it in the top 25% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.