BMO cuts Diamondback Energy stock target to USD 220.00

Published on 10/21/2026 at 11:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BMO cuts target USD 224.00 to USD 220.00. Diamondback Energy stock costs EUR 179.95 on October 21, 2026, with USD 5.56 billion revenue in the second quarter.

Target reset and earnings

BMO lowered its Diamondback Energy target by USD 4.00 on October 19, 2026.
Second-quarter revenue reached USD 5.56 billion, while diluted earnings per share were USD 6.65.
Diamondback Energy stock trades at EUR 179.95 at 11:52 a.m. CEST at Lang & Schwarz on October 21, 2026.

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Diamondback Energy (ISIN US25278X1090) was trading at EUR 179.95 at Lang & Schwarz on October 21, 2026, at 11:52 a.m. CEST, while BMO Capital Markets cut its target from USD 224.00 to USD 220.00 on October 19, 2026, according to MarketScreener. The target reduction puts the latest analyst action beside a strong second-quarter operating result.

Analyst targets reset

The October 19 adjustment followed BMO's October 2 increase from USD 215.00 to USD 224.00, according to the same MarketScreener report. The latest move therefore cuts USD 4.00 from the prior target, a 1.79 percent reduction calculated against USD 224.00. MarketScreener lists Diamondback Energy on NASDAQ under ticker FANG and in the oil and gas exploration and production industry.

What do the results show?

Diamondback Energy reported USD 5.56 billion in second-quarter revenue and diluted earnings per share of USD 6.65, according to the standardized financial statements. Revenue was 31.18 percent higher than the USD 4.24 billion reported for the first quarter of 2026, while net income attributable to common shareholders reached USD 1.88 billion in the second quarter.

MarketBeat reported that second-quarter earnings per share of USD 6.48 exceeded the USD 6.08 consensus estimate and that revenue rose 51.20 percent year over year to USD 5.56 billion. The differing earnings-per-share figures reflect the distinction between the standardized diluted figure and the adjusted result cited by MarketBeat.

Three dated company events

On September 30, 2026, Diamondback Energy announced two board resignations, according to MarketScreener. On October 2, 2026, BMO Capital Markets raised its target to USD 224.00 from USD 215.00. On October 19, 2026, BMO Capital Markets lowered that target to USD 220.00 from USD 224.00.

Next reporting date

Diamondback Energy scheduled its third-quarter 2026 earnings conference call for November 3, 2026, according to the company's investor relations page. The company develops unconventional oil and natural gas reserves in the Permian Basin in West Texas.

Stock and company profile

Diamondback Energy's latest primary-market quote was USD 202.42 on October 20, 2026, at 4:00 p.m. EDT on NASDAQ. Its market capitalization was USD 56.7 billion, with a 52-week range of USD 137.03 to USD 216.90. The company generated USD 3.59 billion in operating cash flow during the second quarter, giving the earnings discussion a cash-flow measure alongside revenue and profit.

Euro quote in perspective

The euro quotation stood at EUR 179.95 at Lang & Schwarz on October 21, 2026, at 11:52 a.m. CEST. The next scheduled company event is the third-quarter earnings call on November 3, 2026. The further course of trading is shown by the continuously updated real-time quote of Diamondback Energy stock.