Diamondback Energy (FANG) ended the recent trading session at $154.02, demonstrating a +1.43% change from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.03%. At the same time, the Dow lost 0.58%, and the tech-heavy Nasdaq gained 0.28%.
Shares of the energy exploration and production company have appreciated by 3.36% over the course of the past month, underperforming the Oils-Energy sector's gain of 6.65%, and outperforming the S&P 500's gain of 0.6%.
Investors will be eagerly watching for the performance of Diamondback Energy in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on February 23, 2026. The company's earnings per share (EPS) are projected to be $2.11, reflecting a 42.03% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $3.23 billion, down 13% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $12.5 per share and revenue of $14.98 billion, indicating changes of -24.56% and 0%, 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. These revisions help to show the ever-changing nature 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 reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 12.09% downward. Right now, Diamondback Energy possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Diamondback Energy is currently being traded at a Forward P/E ratio of 16.42. This indicates a premium in contrast to its industry's Forward P/E of 12.28.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 241, which puts it in the bottom 2% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Diamondback Energy, Inc. (FANG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
