BMO cuts target for Diamondback Energy stock from USD 224.00 to USD 220.00
Published on 10/26/2026 at 16:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSBMO revises its valuation view
- BMO Capital cut its Diamondback Energy target from USD 224.00 to USD 220.00 on October 19, 2026.
- Second-quarter revenue reached USD 5.56 billion for the period ended June 30, 2026.
- Diamondback Energy stock cost EUR 184.85 at Lang & Schwarz on October 26, 2026 at 4:31 p.m. CET.
- Diamondback Energy scheduled its third-quarter earnings call for November 3, 2026.
Diamondback Energy reduced its analyst target as BMO Capital cut the objective from USD 224.00 to USD 220.00 on October 19, 2026, according to MarketScreener. The target sits 6.45 percent above the USD 206.66 Nasdaq price at 11:34 a.m. EDT on October 26, 2026. Diamondback Energy was trading at EUR 184.85 at Lang & Schwarz on October 26, 2026 at 4:31 p.m. CET.
Revenue sets the operating backdrop
Diamondback Energy reported USD 5.56 billion in second-quarter revenue for the period ended June 30, 2026, up from USD 3.65 billion a year earlier. Net income reached USD 1.88 billion for the quarter, compared with USD 699 million in the prior-year period, while diluted earnings per share were USD 6.65. These figures are reported by Markets Insider.
Nasdaq range leaves limited room
On the Nasdaq, the stock's USD 206.66 price was 4.72 percent below its 52-week high of USD 216.90 and 50.82 percent above its low of USD 137.03 on October 26, 2026. The company had a market capitalization of USD 57.9 billion, a price-to-earnings ratio of 40.37 and a dividend yield of 2.00 percent. Its year-to-date gain was 36.87 percent as of October 23, 2026.
Results date adds a near-term marker
Diamondback Energy scheduled its third-quarter 2026 earnings call for November 3, 2026, according to the company's investor-relations page. The same page identifies the company as a Permian Basin oil and natural gas producer focused on the Wolfcamp, Spraberry and Bone Spring formations. Morgan Stanley maintained an Equal-Weight rating while raising its target from USD 216.00 to USD 222.00 on October 15, 2026, as reported by GuruFocus.
Comparison with peers
Diamondback Energy: plus 0.44 percent, P/E 40.37, market capitalization USD 57.9 billion.
EOG Resources (NYSE, USD): plus 0.19 percent, P/E 12.71, market capitalization USD 85.7 billion.
Occidental Petroleum (NYSE, USD): minus 0.21 percent, P/E 9.85, market capitalization USD 64.0 billion.
Targets and earnings now define the setup
BMO's lower USD 220.00 target contrasts with Morgan Stanley's USD 222.00 objective, while the scheduled November 3 earnings call supplies the next company-specific date. The Nasdaq quotation remains below its yearly high, and the June-quarter revenue increase gives the valuation discussion a concrete operating benchmark.
The stock was trading at EUR 184.85 at Lang & Schwarz on October 26, 2026 at 4:31 p.m. CET.
The further course of trading is shown by the continuously updated real-time quote of Diamondback Energy stock.
Diamondback Energy stock key data
- Company: Diamondback Energy, Inc.
- ISIN: US25278X1090
- Ticker: FANG
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 26, 2026, 4:31 p.m. CET): EUR 184.85
- Market capitalization: USD 57.9 billion (as of October 26, 2026)
- 52-week range: USD 137.03-216.90 (as of October 26, 2026)
- Sector / Industry: Energy / Oil and Gas Exploration and Production
- Next earnings date: November 3, 2026
Market context: Market report S&P 500.
