Diamondback Energy - FANG Stock Forecast, Price & News

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Diamondback Energy in the last twelve months. There are currently 1 sell rating, 2 hold ratings, 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.
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19 Wall Street analysts have issued 1-year target prices for Diamondback Energy's stock. Their FANG share price forecasts range from $143.00 to $214.00. On average, they predict the company's stock price to reach $180.62 in the next year. This suggests a possible upside of 19.6% from the stock's current price.
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Diamondback Energy's stock was trading at $136.78 on January 1st, 2023. Since then, FANG stock has increased by 10.4% and is now trading at $150.96.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
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Diamondback Energy will be holding an earnings conference call on Wednesday, February 22nd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Diamondback Energy, Inc. (NASDAQ:FANG) posted its earnings results on Monday, November, 7th. The oil and natural gas company reported $6.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.51 by $0.03. The oil and natural gas company had revenue of $2.44 billion for the quarter, compared to analysts' expectations of $2.38 billion. Diamondback Energy had a trailing twelve-month return on equity of 28.49% and a net margin of 45.47%.

Diamondback Energy declared a None dividend on Monday, November 7th. Shareholders of record on Thursday, November 17th will be given a dividend of $2.26 per share on Friday, November 25th. This represents a yield of 4.7%. The ex-dividend date is Wednesday, November 16th.
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Diamondback Energy (NASDAQ:FANG) pays an annual dividend of $3.00 per share and currently has a dividend yield of 1.99%. 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 12.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FANG will have a dividend payout ratio of 12.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FANG.

Diamondback Energy announced that its board has authorized a stock repurchase program on Monday, August 1st 2022, which allows the company to buyback $4,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 17.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its shares are undervalued.

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.

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).

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

Diamondback Energy's stock is owned by a number of institutional and retail investors. Top institutional investors include Yacktman Asset Management LP (0.75%), DNB Asset Management AS (0.25%), Strs Ohio (0.20%), Assenagon Asset Management S.A. (0.17%), New York State Teachers Retirement System (0.11%) and Copeland Capital Management LLC (0.10%). Insiders that own company stock include Daniel N Wesson, 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.
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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.
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One share of FANG stock can currently be purchased for approximately $150.96.

Diamondback Energy (NASDAQ:FANG) has a market capitalization of $26.57 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 $24.55 on an earnings per share basis.

The company employs 870 workers across the globe.

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.