Diamondback Energy, Inc. (FANG) earnings on May 4, 2026
More Diamondback Energy, Inc. earnings
Prior outlook: Optimistic Outcome: Missed
The stock fell sharply after the company released its quarterly results, dropping nearly 4% from the previous day's close.
FANG price around the earnings
206.16
Change: -3.6%
2026-05-05, 19:59 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Optimistic Outcome: Missed
- Thesis published
Analysts positive; price may climb.
Analysts are largely positive, with price targets suggesting significant upside potential and strong future earnings growth expected. Supportive news in the energy sector and a generally constructive market environment further bolster this optimistic outlook.
Context analyzed before publication
- Summary
- Analysts are largely positive; the scenario is optimistic.
- Reasoning
- Analysts are largely positive, with price targets cited above current levels and strong earnings growth projected. Supportive news in the energy sector and a generally constructive market environment further bolster this optimistic outlook.
- Playbook
- The outlook is constructive, with analysts citing price targets and strong earnings growth projected. The scenario is optimistic.
- Trend
- Outlook improving over past two sessions.
Analysts
Drivers
-
Analysts
Positive
Analysts maintain a Buy rating, with an average price target indicating a scenario for significant price increases. Earnings per share growth is projected to be robust, supported by a price target increase from a major bank.
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.52
- Analysts covering the stock
- 30
- Average price target
- 220.47
- Lowest price target
- 175
- Highest price target
- 266
- Upside to price target
- 16.2%
- Revenue growth
- -9.4%
- Forward EPS
- 16.9
- Trailing EPS
- 5.73
- Analyst moves in the last 60 days
- 0
- Strong buy: 6
- Buy: 20
- Hold: 5
- Sell: 0
- Strong sell: 0
- Strong buy
- 6
- Buy
- 20
- Hold
- 5
- Sell
- 0
- Strong sell
- 0
News and sentiment
Drivers
-
News & sentiment
Positive
The company is benefiting from positive news, including an analyst price target increase and favorable conditions in the broader energy market. Retail investor sentiment is strongly positive, reflecting rational optimism based on current trends.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (4)
- Wells Fargo Maintains Overweight on Diamondback Energy, Raises Price Target to $262 — Benzinga
- Morgan Stanley Maintains Overweight on Diamondback Energy, Raises Price Target to $224 — Benzinga
- UBS Maintains Buy on Diamondback Energy, Raises Price Target to $245 — Benzinga
- Amazon To Rally Around 22%? Here Are 10 Top Analyst Forecasts For Wednesday — Benzinga
Technicals
Drivers
-
Technical
Neutral
While short-term price movement has been flat, the stock has shown positive performance over the last month relative to the market. The nearest price resistance is above the current market review level, and the scenario is optimistic for a potential advance.
Evidence
- Average true range (ATR)
- 3.7%
- Distance to 52-week high
- -7.4%
- 14-day change (14d)
- -0.4%
- 30-day change
- +6.4%
- 30-day relative strength
- +2.6%
- Benchmark change
- +3.8%
- Nearest support
- 170.69
- Nearest resistance
- 204.79
- Volume accumulation ratio
- 1.16
Trends
Evidence
- Average earnings surprise
- -0.6%
- February 23, 2026: actual EPS 1.74 vs estimate 2 (surprise -13.2%)
- November 3, 2025: actual EPS 3.08 vs estimate 2.94 (surprise +4.6%)
- August 4, 2025: actual EPS 2.67 vs estimate 2.72 (surprise -2.0%)
- May 5, 2025: actual EPS 4.54 vs estimate 4.2 (surprise +8.1%)
Expected move
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 1.4%
- 75th percentile move
- 2.4%
- 90th percentile move
- 4.9%
- Up / down moves
- 9 / 9
- Average up move
- +2.5%
- Average down move
- -1.9%
Monitoring and close
What Diamondback Energy, Inc. reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Missed
- Consolidated
- -3.6%
- Max favorable move (MFE)
- 0%
- Max adverse move (MAE)
- 3.7%