Diamondback Energy - FANG Stock Forecast, Price & News

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diamondback Energy in the last year. There are currently 2 hold ratings, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" FANG shares.
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18 brokerages have issued 1 year target prices for Diamondback Energy's stock. Their FANG share price forecasts range from $135.00 to $203.00. On average, they expect the company's stock price to reach $169.00 in the next year. This suggests a possible upside of 19.1% from the stock's current price.
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Diamondback Energy's stock was trading at $107.85 at the beginning of the year. Since then, FANG shares have increased by 31.6% and is now trading at $141.89.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
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Diamondback Energy will be holding an earnings conference call on Tuesday, November 8th 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 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 earned $2.77 billion during the quarter, compared to the consensus estimate of $2.44 billion. Diamondback Energy had a net margin of 42.23% and a trailing twelve-month return on equity of 25.12%. The business's quarterly revenue was up 64.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.40 EPS.
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Diamondback Energy declared a quarterly dividend on Monday, August 1st. Shareholders of record on Tuesday, August 16th will be paid a dividend of $3.05 per share on Tuesday, August 23rd. This represents a $12.20 annualized dividend and a yield of 8.60%. The ex-dividend date of this dividend is Monday, August 15th. This is a positive change from the stock's previous quarterly dividend of $0.70.
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Diamondback Energy (NASDAQ:FANG) pays an annual dividend of $3.00 per share and currently has a dividend yield of 2.20%. 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 11.76% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FANG.

Diamondback Energy declared that its Board of Directors has initiated a share repurchase plan on Monday, August 1st 2022, which allows the company to repurchase $4,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 17.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is 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 many different institutional and retail investors. Top institutional shareholders include First Hawaiian Bank (0.01%), New England Research & Management Inc. (0.01%), Symmetry Partners LLC (0.01%), Confluence Investment Management LLC (0.00%) and AdvisorNet Financial Inc (0.00%). Insiders that own company stock include Daniel N Wesson, Hof Matthew Kaes Van't, 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 $141.89.

Diamondback Energy (NASDAQ:FANG) has a market capitalization of $24.61 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.

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.