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Diamondback Energy Stock Price, News & Analysis (NASDAQ:FANG)

$154.61
+0.59 (+0.38%)
(As of 10:04 AM ET)
Compare
Today's Range
$153.54
$154.69
50-Day Range
$145.12
$169.92
52-Week Range
$119.01
$171.40
Volume
66,985 shs
Average Volume
2.05 million shs
Market Capitalization
$27.67 billion
P/E Ratio
8.77
Dividend Yield
2.17%
Price Target
$185.24

Diamondback Energy MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
20.3% Upside
$185.24 Price Target
Short Interest
Healthy
3.16% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.40
Upright™ Environmental Score
News Sentiment
1.03mentions of Diamondback Energy in the last 14 days
Based on 23 Articles This Week
Insider Trading
Selling Shares
$1.68 M Sold Last Quarter
Proj. Earnings Growth
16.27%
From $18.81 to $21.87 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.34 out of 5 stars

Oils/Energy Sector

11th out of 238 stocks

Crude Petroleum & Natural Gas Industry

6th out of 74 stocks


FANG stock logo

About Diamondback Energy Stock (NASDAQ:FANG)

Diamondback Energy, Inc. is an independent oil and natural gas company headquartered in Midland, Texas. Founded in 2007, Diamondback Energy's mission is to provide sustainable energy to the world while maintaining a commitment to safety, environmental stewardship, and operational excellence. The company primarily focuses on acquiring, developing, exploring, and producing oil and natural gas reserves in the Permian Basin of West Texas.

Diamondback Energy's essential products and services include the exploration, development, and production of crude oil and natural gas. The company's target market primarily comprises commercial and industrial customers who rely on oil and natural gas for energy. Its key customers include midstream companies, refineries, and petrochemical producers. Diamondback Energy has received multiple awards and recognition for its environmental and safety efforts, including the "Environmental Stewardship Award" from the Independent Petroleum Association of America.

Diamondback Energy's leadership team comprises experienced professionals with diverse backgrounds in the energy industry. Travis Stice has served as the company's Chief Executive Officer since its founding and has over 30 years of experience in the industry. 

Diamondback Energy has experienced strong financial performance recently, with revenues increasing and positive earnings per share for the past several years, with EPS growing yearly. Diamondback Energy's profit margin is higher than the industry average, and the company has a relatively low debt-to-equity ratio indicating a relatively low level of debt financing.

Diamondback Energy's current market capitalization is around $25 billion, with a price-to-earnings ratio and a price-to-book ratio lower than industry averages. This suggests that the market is pricing in some growth potential for the company.

The stock has been volatile due to concerns about rising inflation and interest rates. The volatility reflects the broader market's uncertainty about the trajectory of interest rates and the potential impact on economic growth and corporate earnings. However, the company's strong financial position and efficient operations should enable it to weather any possible downturn in the energy market.

Diamondback Energy operates in the oil and gas exploration and production industry, specifically focused on the Permian Basin, one of the largest and most productive oil and gas regions in the United States. The company's competitors include other sizeable independent exploration and production companies, such as Concho Resources and Pioneer Natural Resources, as well as integrated oil and gas companies like Chevron and ExxonMobil.

The industry has undergone significant consolidation in recent years, with several large mergers and acquisitions, as companies look to achieve scale and cost efficiencies. The sector also faces regulatory and political risks, with potential changes in tax policies and environmental regulations that could impact profitability.

Diamondback Energy has a solid competitive position in the industry, focusing on operational efficiency and cost control, allowing it to maintain profitability even in challenging market conditions. The company has also invested in technology and innovation, including using artificial intelligence and machine learning to optimize drilling and completion operations.

Diamondback Energy's growth opportunities primarily focus on expanding its presence in the Permian Basin by exploring and developing new oil and gas reserves. The company has a strong track record of successful drilling and completion operations, and its efficient operations and low-cost structure provide a competitive advantage in the industry.

In addition to organic growth, Diamondback Energy has also pursued acquisitions in the past, acquiring Energen Corporation in 2018 for $9.2 billion. The company has indicated that it remains open to further acquisition opportunities that can drive shareholder growth and value.

Diamondback Energy faces several risks and challenges that could impact its future performance. The company is highly dependent on the price of oil and gas, which can be volatile and subject to significant fluctuations. Additionally, the industry is subject to regulatory and political risks, which could impact profitability and the ability to operate in certain areas.

The company also faces competition from other large independent exploration and production companies and integrated oil and gas companies, which could impact market share and profitability. However, Diamondback Energy's focus on operational efficiency and cost control provides an industry competitive advantage.

FANG Stock Price History

FANG Stock News Headlines

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With Diamondback Energy It's About the Long-Term
Q3 2023 Diamondback Energy Inc Earnings Call
See More Headlines
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Company Calendar

Last Earnings
11/06/2023
Ex-Dividend for 11/24 Dividend
11/15/2023
Dividend Payable
11/24/2023
Today
11/27/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/20/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
Current Symbol
NASDAQ:FANG
CUSIP
25278X10
Fax
N/A
Employees
972
Year Founded
2007

Price Target and Rating

Average Stock Price Target
$185.24
High Stock Price Target
$225.00
Low Stock Price Target
$145.00
Potential Upside/Downside
+19.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
18 Analysts

Profitability

Net Income
$4.39 billion
Pretax Margin
51.89%

Debt

Sales & Book Value

Annual Sales
$9.64 billion
Cash Flow
$31.24 per share
Book Value
$87.43 per share

Miscellaneous

Free Float
178,215,000
Market Cap
$27.57 billion
Optionable
Optionable
Beta
1.98

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FANG Stock Analysis - Frequently Asked Questions

Should I buy or sell Diamondback Energy stock right now?

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Diamondback Energy in the last twelve months. There are currently 1 hold rating, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FANG shares.
View FANG analyst ratings
or view top-rated stocks.

What is Diamondback Energy's stock price target for 2024?

17 brokers have issued 1 year target prices for Diamondback Energy's stock. Their FANG share price targets range from $145.00 to $225.00. On average, they expect the company's share price to reach $185.24 in the next twelve months. This suggests a possible upside of 20.3% from the stock's current price.
View analysts price targets for FANG
or view top-rated stocks among Wall Street analysts.

How have FANG shares performed in 2023?

Diamondback Energy's stock was trading at $136.78 at the beginning of 2023. Since then, FANG shares have increased by 12.6% and is now trading at $154.02.
View the best growth stocks for 2023 here
.

When is Diamondback Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
View our FANG earnings forecast
.

How were Diamondback Energy's earnings last quarter?

Diamondback Energy, Inc. (NASDAQ:FANG) released its quarterly earnings results on Monday, November, 6th. The oil and natural gas company reported $5.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.90 by $0.59. The oil and natural gas company earned $2.34 billion during the quarter, compared to analyst estimates of $2.21 billion. Diamondback Energy had a trailing twelve-month return on equity of 20.66% and a net margin of 38.84%. The company's revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.48 earnings per share.
Read the conference call transcript
.

How often does Diamondback Energy pay dividends? What is the dividend yield for Diamondback Energy?

Diamondback Energy announced a quarterly dividend on Monday, November 6th. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.84 per share on Friday, November 24th. This represents a $3.36 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Wednesday, November 15th.
Read our dividend analysis for FANG
.

Is Diamondback Energy a good dividend stock?

Diamondback Energy (NASDAQ:FANG) pays an annual dividend of $3.36 per share and currently has a dividend yield of 2.17%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 19.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FANG will have a dividend payout ratio of 15.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FANG.

How will Diamondback Energy's stock buyback program work?

Diamondback Energy announced that its board has initiated a stock repurchase plan on Monday, August 1st 2022, which permits the company to buyback $4,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 17.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

What is Travis D. Stice's approval rating as Diamondback Energy's CEO?

26 employees have rated Diamondback Energy Chief Executive Officer Travis D. Stice on Glassdoor.com. Travis D. Stice has an approval rating of 96% among the company's employees. This puts Travis D. Stice in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 66.0% of employees surveyed would recommend working at Diamondback Energy to a friend.

What other stocks do shareholders of Diamondback Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Diamondback Energy investors own include Alibaba Group (BABA), NVIDIA (NVDA), Micron Technology (MU), Intel (INTC), Tesla (TSLA), Walt Disney (DIS), Advanced Micro Devices (AMD), Boeing (BA), Johnson & Johnson (JNJ) and Netflix (NFLX).

Who are Diamondback Energy's major shareholders?

Diamondback Energy's stock is owned by many different retail and institutional investors. Top institutional shareholders include Blackstone Inc. (3.27%), FMR LLC (3.12%), Morgan Stanley (1.95%), Invesco Ltd. (1.86%), Massachusetts Financial Services Co. MA (1.68%) and Northern Trust Corp (1.12%). Insiders that own company stock include Daniel N Wesson, David L Houston, Hof Matthew Kaes Van't, Matt Zmigrosky, Michael P Cross, Russell Pantermuehl, Steven E West, Teresa L Dick, Thomas F Hawkins and Travis D Stice.
View institutional ownership trends
.

How do I buy shares of Diamondback Energy?

Shares of FANG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:FANG) was last updated on 11/28/2023 by MarketBeat.com Staff

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