- Prev close
- $189.63
- Day range
- $184.79 – $189.07
- Next earnings
- in 86 days
Diamondback Energy rose +1.6% in its most recent session, which looked more like sector support than stock-specific excitement, while the longer-term picture is mixed with +18.1% revenue growth but -94.5% EPS growth and a rich 201.0 trailing P/E.
FANG
DIAMONDBACK ENERGY INC
As of Aug 2, 2026
66/100
Worth keeping an eye onHealth ScoreMove drivers
FANG gained +1.6% in 2026-08-01's close, while the S&P 500 rose +0.7% and the Nasdaq 100 rose +0.6%, so the stock outpaced the market but not by a wide margin. The cleaner read is sector support rather than a stock-specific catalyst: the energy sector was higher and the NYSE Energy Sector Index rose 1.6%, which lines up with the modest advance in FANG. The intraday path also showed strength into the close, from an open of $198.475 to a high of $203.79 and a close of $202.95, so it was not a sharp reversal day.
Volatility check
This looks like ordinary volatility for a low-beta energy name rather than a fundamental break. Beta is 0.44, so the stock is mechanically less volatile than the market, and the business still shows +18.1% revenue growth TTM and +4.7% in the latest quarter with gross margin at +67.8%. The offset is valuation and earnings quality: PE is 201.0, forward PE is 11.2, and EPS is -94.5% YoY TTM, so PEG 40.25 — P/E divided by growth — is not meaningful here because earnings are contracting. That means the stock can move on sentiment and energy prices even when reported sales growth is intact, which makes a +1.6% session unsurprising rather than diagnostic.
Earnings setup
The next earnings date is not available this period, so I cannot anchor the report to a confirmed release date. What is available suggests the market will focus on whether +18.1% revenue growth TTM and +4.7% latest-quarter revenue growth can translate into better earnings quality after EPS fell -94.5% YoY TTM, especially with operating margin at -1.6% and net margin at +1.9%. The setup is also shaped by valuation: PE is 201.0 on trailing earnings, while forward PE is 11.2, so the gap between current and forward profitability is large. Prior print reaction data are not provided here, so I cannot say how the shares typically trade around earnings from the facts available.
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