Diamondback Energy - FANG Stock Forecast, Price & News

19 Wall Street 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 research analysts is that investors should "buy" FANG shares.
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19 Wall Street analysts have issued 1 year price targets for Diamondback Energy's shares. Their FANG share price forecasts range from $143.00 to $214.00. On average, they anticipate the company's stock price to reach $180.62 in the next year. This suggests a possible upside of 25.8% from the stock's current price.
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Diamondback Energy's stock was trading at $136.78 at the beginning of the year. Since then, FANG shares have increased by 5.0% and is now trading at $143.56.
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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) announced its quarterly earnings data on Sunday, October, 31st. The oil and natural gas company reported $2.94 earnings per share for the quarter, beating analysts' consensus estimates of $2.81 by $0.13. The oil and natural gas company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.48 billion. Diamondback Energy had a net margin of 45.47% and a trailing twelve-month return on equity of 28.49%. The business's quarterly revenue was up 165.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 earnings per share.
Read the conference call transcript.

Diamondback Energy announced a None dividend on Monday, November 7th. Investors of record on Thursday, November 17th will be paid a dividend of $2.26 per share on Friday, November 25th. This represents a dividend 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 2.19%. 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 12.54% 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 approved a stock buyback plan 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 reacquire up to 17.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership 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 a number of retail and institutional investors. Top institutional shareholders include Boston Partners (1.14%), Pacer Advisors Inc. (0.78%), Yacktman Asset Management LP (0.75%), Mizuho Markets Americas LLC (0.00%), Sumitomo Mitsui Trust Holdings Inc. (0.28%) and DNB Asset Management AS (0.25%). 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 $143.56.

Diamondback Energy (NASDAQ:FANG) has a market capitalization of $25.76 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.