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Diamondback Energy - FANG Stock Forecast, Price & News

$130.39
+0.32 (+0.25%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$128.24
$131.59
50-Day Range
$106.71
$155.49
52-Week Range
$66.12
$162.24
Volume
1.79 million shs
Average Volume
2.86 million shs
Market Capitalization
$22.61 billion
P/E Ratio
6.10
Dividend Yield
2.31%
Price Target
$169.42

Diamondback Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.94 Rating Score
Upside/​Downside
29.1% Upside
$168.32 Price Target
Short Interest
Healthy
3.76% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.74
Upright™ Environmental Score
News Sentiment
0.73mentions of Diamondback Energy in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$6.74 M Sold Last Quarter
Proj. Earnings Growth
-4.26%
From $25.83 to $24.73 Per Share

Overall MarketRank

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

3.10 out of 5 stars

Oils/Energy Sector

7th out of 251 stocks

Crude Petroleum & Natural Gas Industry

5th out of 79 stocks

FANG stock logo

About Diamondback Energy (NASDAQ:FANG) Stock

Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico. As of December 31, 2021, the company's total acreage position was approximately 524,700 gross acres in the Permian Basin; and estimated proved oil and natural gas reserves were 1,788,991 thousand barrels of crude oil equivalent. It also held working interests in 5,289 gross producing wells, as well as royalty interests in 6,455 additional wells. In addition, the company owns mineral interests approximately 930,871 gross acres and 27,027 net royalty acres in the Permian Basin and Eagle Ford Shale; and owns, operates, develops, and acquires midstream infrastructure assets, including 866 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system in the Midland and Delaware Basins of the Permian Basin. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FANG. Susquehanna Bancshares lifted their price objective on shares of Diamondback Energy from $152.00 to $167.00 and gave the stock a "positive" rating in a research note on Monday, April 25th. Morgan Stanley lowered their price objective on shares of Diamondback Energy from $178.00 to $170.00 and set an "overweight" rating on the stock in a report on Tuesday, July 19th. Piper Sandler lowered their target price on shares of Diamondback Energy from $196.00 to $191.00 and set an "overweight" rating on the stock in a report on Friday, July 22nd. Bank of America lowered their target price on shares of Diamondback Energy from $170.00 to $143.00 and set a "neutral" rating on the stock in a report on Tuesday, July 19th. Finally, The Goldman Sachs Group lowered their target price on shares of Diamondback Energy from $180.00 to $160.00 and set a "buy" rating on the stock in a report on Tuesday, July 5th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $168.32.

Diamondback Energy Price Performance

FANG Stock traded up $0.06 during midday trading on Friday, reaching $130.13. The company had a trading volume of 15,130 shares, compared to its average volume of 2,443,636. The company has a market capitalization of $22.57 billion, a price-to-earnings ratio of 6.08, a price-to-earnings-growth ratio of 0.22 and a beta of 2.12. The stock has a 50 day moving average price of $123.51 and a 200-day moving average price of $131.73. Diamondback Energy has a 1-year low of $65.93 and a 1-year high of $162.24. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.73 and a quick ratio of 0.69.

Diamondback Energy (NASDAQ:FANG - Get Rating) last issued its earnings results on Monday, August 1st. The oil and natural gas company reported $7.07 EPS for the quarter, topping the consensus estimate of $6.66 by $0.41. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.44 billion. Diamondback Energy had a return on equity of 25.12% and a net margin of 42.23%. The business's quarterly revenue was up 64.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.40 earnings per share. Equities research analysts expect that Diamondback Energy will post 25.83 earnings per share for the current year.

Diamondback Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 23rd. Shareholders of record on Tuesday, August 16th will be paid a dividend of $3.05 per share. This is an increase from Diamondback Energy's previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Monday, August 15th. This represents a $12.20 annualized dividend and a yield of 9.38%. Diamondback Energy's payout ratio is presently 14.03%.

Insiders Place Their Bets

In other news, CFO Hof Matthew Kaes Van't sold 6,000 shares of the company's stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $150.00, for a total value of $900,000.00. Following the completion of the transaction, the chief financial officer now owns 67,334 shares of the company's stock, valued at $10,100,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Hof Matthew Kaes Van't sold 6,000 shares of the company's stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $150.00, for a total value of $900,000.00. Following the completion of the transaction, the chief financial officer now owns 67,334 shares of the company's stock, valued at $10,100,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Travis D. Stice sold 30,000 shares of the company's stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $150.01, for a total value of $4,500,300.00. Following the completion of the transaction, the chief executive officer now directly owns 428,497 shares of the company's stock, valued at approximately $64,278,834.97. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,500 shares of company stock valued at $6,740,850. 0.42% of the stock is currently owned by corporate insiders.

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FANG Stock News Headlines

Diamondback Energy (NASDAQ:FANG) Shares Gap Down to $133.13
Shale Companies Prepare For Their Best Quarter Ever
Diamondback Energy, Inc. Reports Rise In Q2 Bottom Line
7 Oversold Energy Stocks to Buy Now
See More Headlines
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FANG Company Calendar

Ex-Dividend for 5/23 Dividend
5/11/2022
Dividend Payable
5/23/2022
Last Earnings
8/01/2022
Ex-Dividend for 8/23 Dividend
8/15/2022
Today
8/19/2022
Dividend Payable
8/23/2022
Next Earnings (Estimated)
11/07/2022
Fiscal Year End
12/31/2022

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
870
Year Founded
2007

Price Target and Rating

Average Stock Price Forecast
$168.32
High Stock Price Forecast
$203.00
Low Stock Price Forecast
$135.00
Forecasted Upside/Downside
+29.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.94
Research Coverage
17 Analysts

Profitability

Net Income
$2.18 billion
Pretax Margin
55.82%

Debt

Sales & Book Value

Annual Sales
$6.80 billion
Cash Flow
$18.79 per share
Book Value
$82.97 per share

Miscellaneous

Free Float
172,713,000
Market Cap
$22.61 billion
Optionable
Optionable
Beta
2.12

Social Links


Key Executives

  • Mr. Travis D. SticeMr. Travis D. Stice (Age 60)
    CEO & Chairman
    Comp: $4.52M
  • Mr. Matthew Kaes Van't Hof (Age 35)
    Pres & CFO
    Comp: $2.35M
  • Ms. Teresa L. DickMs. Teresa L. Dick (Age 52)
    Chief Accounting Officer, Exec. VP & Assistant Sec.
    Comp: $1.28M
  • Mr. P. Matt Zmigrosky (Age 43)
    Exec. VP, Gen. Counsel & Sec.
    Comp: $1.42M
  • Mr. Russell D. PantermuehlMr. Russell D. Pantermuehl (Age 62)
    Advisor
    Comp: $1.78M
  • Mr. Daniel N. WessonMr. Daniel N. Wesson (Age 38)
    Exec. VP & COO
  • Mr. Adam T. Lawlis
    VP of Investor Relations
  • Mr. Jere W. Thompson III
    VP of Strategy & Corp. Devel.
  • Mr. Johnny D. Dossey
    VP of Marketing
  • Ms. Jennifer Soliman (Age 52)
    Exec. VP & Chief HR Officer













FANG Stock - 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 2 hold ratings, 14 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 forecast for 2022?

17 brokers have issued twelve-month target prices for Diamondback Energy's stock. Their FANG share price forecasts range from $135.00 to $203.00. On average, they predict the company's stock price to reach $168.32 in the next twelve months. This suggests a possible upside of 29.1% 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 2022?

Diamondback Energy's stock was trading at $107.85 at the start of the year. Since then, FANG shares have increased by 20.9% and is now trading at $130.39.
View the best growth stocks for 2022 here
.

When is Diamondback Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our FANG earnings forecast
.

How were Diamondback Energy's earnings last quarter?

Diamondback Energy, Inc. (NASDAQ:FANG) posted its quarterly earnings data on Monday, August, 1st. The oil and natural gas company reported $7.07 EPS for the quarter, beating analysts' consensus estimates of $6.66 by $0.41. The oil and natural gas company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.44 billion. Diamondback Energy had a trailing twelve-month return on equity of 25.12% and a net margin of 42.23%. The company's revenue was up 64.7% on a year-over-year basis. During the same period last year, the company earned $2.40 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 declared a quarterly dividend on Monday, August 1st. Investors of record on Tuesday, August 16th will be given a dividend of $3.05 per share on Tuesday, August 23rd. This represents a $12.20 dividend on an annualized basis and a yield of 9.36%. The ex-dividend date is Monday, August 15th. This is an increase from the stock's previous quarterly dividend of $0.70.
Read our dividend analysis for FANG
.

Is Diamondback Energy a good dividend stock?

Diamondback Energy (NASDAQ:FANG) pays an annual dividend of $3.00 per share and currently has a dividend yield of 2.31%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 14.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FANG will have a dividend payout ratio of 12.13% 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 declared that its Board of Directors has authorized a share repurchase plan on Monday, August 1st 2022, which authorizes the company to repurchase $4,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 17.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

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

14 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.

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).

What is Diamondback Energy's stock symbol?

Diamondback Energy trades on the NASDAQ under the ticker symbol "FANG."

Who are Diamondback Energy's major shareholders?

Diamondback Energy's stock is owned by a variety of retail and institutional investors. Top institutional investors include State Street Corp (6.21%), FMR LLC (5.01%), Massachusetts Financial Services Co. MA (1.31%), Northern Trust Corp (1.22%), Price T Rowe Associates Inc. MD (1.19%) and Voya Investment Management LLC (0.88%). Insiders that own company stock include Daniel N Wesson, Hof Matthew Kaes Van't, Michael L Hollis, Michael P Cross, Randall J Holder, 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.

What is Diamondback Energy's stock price today?

One share of FANG stock can currently be purchased for approximately $130.39.

How much money does Diamondback Energy make?

Diamondback Energy (NASDAQ:FANG) has a market capitalization of $22.61 billion and generates $6.80 billion in revenue each year. The oil and natural gas company earns $2.18 billion in net income (profit) each year or $21.39 on an earnings per share basis.

How many employees does Diamondback Energy have?

The company employs 870 workers across the globe.

When was Diamondback Energy founded?

Diamondback Energy was founded in 2007.

How can I contact Diamondback Energy?

Diamondback Energy's mailing address is 500 West Texas Suite 1200, Midland TX, 79701. The official website for the company is www.diamondbackenergy.com. The oil and natural gas company can be reached via phone at (432) 221-7400 or via email at ir@diamondbackenergy.com.

This page (NASDAQ:FANG) was last updated on 8/19/2022 by MarketBeat.com Staff

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