Diamondback Energy stock: BMO Capital cuts Diamondback Energy stock target to USD 220.00

Published on 10/21/2026 at 17:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due November 2, 2026. Diamondback Energy stock costs EUR 180.56 on October 21, 2026, down 0.14 percent versus the Xetra close.

BMO target cut and earnings date

BMO Capital cut its Diamondback Energy target from USD 224.00 to USD 220.00 on October 19, 2026.
Third-quarter 2026 results are scheduled for November 2, 2026.
Diamondback Energy stock costs EUR 180.56 at Lang & Schwarz on October 21, 2026 at 5:02 p.m. CEST, 0.14 percent below the Xetra close of October 20, 2026.
Second-quarter revenue reached USD 5.56 billion and net income was USD 1.88 billion.

Diamondback Energy, US25278X1090, Illustration mit AI erstellt.

BMO Capital cut its Diamondback Energy target from USD 224.00 to USD 220.00 on October 19, 2026, according to MarketScreener. Diamondback Energy stock was trading at EUR 180.56 at Lang & Schwarz on October 21, 2026 at 5:02 p.m. CEST, 0.14 percent below the Xetra close of October 20, 2026 at EUR 180.82.

Target remains above the US quote

The revised BMO target remains 8.65 percent above Diamondback Energy's USD 202.48 Nasdaq quote at 11:05 a.m. ET on October 21, 2026. That comparison uses the home-market quotation, while the daily stock figure for German investors uses the euro price at Lang & Schwarz.

Diamondback Energy reported USD 5.56 billion in second-quarter 2026 revenue, USD 1.88 billion in net income attributable to common shareholders and diluted earnings per share of USD 6.65. Operating cash flow was USD 3.59 billion in the same quarter. These figures put cash generation alongside the analyst target change.

Stock stays below its yearly high

The Nasdaq quote stood within a USD 137.03 to USD 216.90 52-week range on October 21, 2026. At USD 202.48, the stock was 6.65 percent below its high. The same quote showed a market capitalization of USD 56.7 billion and a price-to-earnings ratio of 39.54.

Results date and valuation

Diamondback Energy's investor calendar schedules the third-quarter 2026 earnings release for November 2, 2026 after the market closes, with the conference call on November 3, 2026. The date was also carried in the company release distributed through Yahoo Finance.

Diamondback Energy describes itself as an independent oil and natural gas company focused on unconventional, onshore reserves in the Permian Basin. Its operations center on the Wolfcamp, Spraberry and Bone Spring formations, according to Diamondback Energy.

Comparison with peers

Diamondback Energy: 0.03 percent higher on October 21, 2026, price-to-earnings ratio 39.54, market capitalization USD 56.7 billion.
Chevron (NYSE, USD): 0.44 percent higher, price-to-earnings ratio 21.74, market capitalization USD 447.9 billion.
EOG Resources (NYSE, USD): 0.20 percent higher, price-to-earnings ratio 12.31, market capitalization USD 83.0 billion.

Next results set the next reference point

The November 2 release will provide the next reported comparison for production, revenue, earnings and cash flow. Until then, the BMO target of USD 220.00 and the current distance from the USD 216.90 yearly high frame the valuation discussion.

Diamondback Energy was trading at EUR 180.56 at Lang & Schwarz on October 21, 2026 at 5:02 p.m. CEST, 0.14 percent below the Xetra close of October 20, 2026 at EUR 180.82. The further course of trading is shown by the continuously updated real-time quote of Diamondback Energy stock.