Diamondback Energy (FANG) closed at $139.84 in the latest trading session, marking a -1.08% move from the prior day. This change lagged the S&P 500's 0.14% gain on the day. Meanwhile, the Dow lost 0.04%, and the Nasdaq, a tech-heavy index, added 0.38%.
Prior to today's trading, shares of the energy exploration and production company had lost 5.03% lagged the Oils-Energy sector's loss of 0.85% and the S&P 500's gain of 5.35%.
Analysts and investors alike will be keeping a close eye on the performance of Diamondback Energy in its upcoming earnings disclosure. The company's earnings report is set to go public on August 4, 2025. In that report, analysts expect Diamondback Energy to post earnings of $2.63 per share. This would mark a year-over-year decline of 41.81%. At the same time, our most recent consensus estimate is projecting a revenue of $3.39 billion, reflecting a 36.67% rise from the equivalent quarter last year.
FANG's full-year Zacks Consensus Estimates are calling for earnings of $13.25 per share and revenue of $14.07 billion. These results would represent year-over-year changes of -20.04% and +27.17%, respectively.
Investors should also note any recent changes to analyst estimates for Diamondback Energy. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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. Within the past 30 days, our consensus EPS projection has moved 0.19% higher. Diamondback Energy is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Diamondback Energy has a Forward P/E ratio of 10.67 right now. Its industry sports an average Forward P/E of 10.74, so one might conclude that Diamondback Energy is trading at a discount comparatively.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 158, positioning it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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.
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Diamondback Energy, Inc. (FANG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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