50% OFF
MarketBeat All Access
Get 30 days free. Save 50% your first year.
  •  days
  •  Hours
  •  Minutes
  •  Seconds
×
S&P 500   3,655.04 (-1.03%)
DOW   29,260.81 (-1.11%)
QQQ   274.37 (-0.41%)
AAPL   150.77 (+0.23%)
MSFT   237.45 (-0.20%)
META   136.37 (-2.88%)
GOOGL   98.17 (-0.58%)
AMZN   115.15 (+1.20%)
TSLA   276.01 (+0.25%)
NVDA   122.28 (-2.30%)
NIO   17.62 (-0.11%)
BABA   78.91 (+0.14%)
AMD   66.30 (-2.44%)
T   15.67 (-2.12%)
MU   48.88 (-2.44%)
CGC   2.74 (-3.52%)
F   11.99 (-2.60%)
GE   64.35 (-0.31%)
DIS   98.12 (-1.39%)
AMC   6.83 (-14.52%)
PYPL   84.26 (-3.12%)
PFE   43.83 (-0.57%)
NFLX   224.07 (-1.03%)
S&P 500   3,655.04 (-1.03%)
DOW   29,260.81 (-1.11%)
QQQ   274.37 (-0.41%)
AAPL   150.77 (+0.23%)
MSFT   237.45 (-0.20%)
META   136.37 (-2.88%)
GOOGL   98.17 (-0.58%)
AMZN   115.15 (+1.20%)
TSLA   276.01 (+0.25%)
NVDA   122.28 (-2.30%)
NIO   17.62 (-0.11%)
BABA   78.91 (+0.14%)
AMD   66.30 (-2.44%)
T   15.67 (-2.12%)
MU   48.88 (-2.44%)
CGC   2.74 (-3.52%)
F   11.99 (-2.60%)
GE   64.35 (-0.31%)
DIS   98.12 (-1.39%)
AMC   6.83 (-14.52%)
PYPL   84.26 (-3.12%)
PFE   43.83 (-0.57%)
NFLX   224.07 (-1.03%)
S&P 500   3,655.04 (-1.03%)
DOW   29,260.81 (-1.11%)
QQQ   274.37 (-0.41%)
AAPL   150.77 (+0.23%)
MSFT   237.45 (-0.20%)
META   136.37 (-2.88%)
GOOGL   98.17 (-0.58%)
AMZN   115.15 (+1.20%)
TSLA   276.01 (+0.25%)
NVDA   122.28 (-2.30%)
NIO   17.62 (-0.11%)
BABA   78.91 (+0.14%)
AMD   66.30 (-2.44%)
T   15.67 (-2.12%)
MU   48.88 (-2.44%)
CGC   2.74 (-3.52%)
F   11.99 (-2.60%)
GE   64.35 (-0.31%)
DIS   98.12 (-1.39%)
AMC   6.83 (-14.52%)
PYPL   84.26 (-3.12%)
PFE   43.83 (-0.57%)
NFLX   224.07 (-1.03%)
S&P 500   3,655.04 (-1.03%)
DOW   29,260.81 (-1.11%)
QQQ   274.37 (-0.41%)
AAPL   150.77 (+0.23%)
MSFT   237.45 (-0.20%)
META   136.37 (-2.88%)
GOOGL   98.17 (-0.58%)
AMZN   115.15 (+1.20%)
TSLA   276.01 (+0.25%)
NVDA   122.28 (-2.30%)
NIO   17.62 (-0.11%)
BABA   78.91 (+0.14%)
AMD   66.30 (-2.44%)
T   15.67 (-2.12%)
MU   48.88 (-2.44%)
CGC   2.74 (-3.52%)
F   11.99 (-2.60%)
GE   64.35 (-0.31%)
DIS   98.12 (-1.39%)
AMC   6.83 (-14.52%)
PYPL   84.26 (-3.12%)
PFE   43.83 (-0.57%)
NFLX   224.07 (-1.03%)

Diamondback Energy - FANG Stock Forecast, Price & News

$111.21
-3.99 (-3.46%)
(As of 09/26/2022 05:33 PM ET)
Add
Compare
Today's Range
$110.97
$115.80
50-Day Range
$112.52
$140.17
52-Week Range
$91.53
$162.24
Volume
2.54 million shs
Average Volume
2.81 million shs
Market Capitalization
$19.29 billion
P/E Ratio
5.20
Dividend Yield
2.60%
Price Target
$168.89

Diamondback Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.94 Rating Score
Upside/​Downside
51.5% Upside
$168.89 Price Target
Short Interest
Healthy
4.45% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.74
Upright™ Environmental Score
News Sentiment
0.84mentions of Diamondback Energy in the last 14 days
Based on 22 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-2.22%
From $26.10 to $25.52 Per Share

Overall MarketRank

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

2.91 out of 5 stars

Oils/Energy Sector

27th out of 254 stocks

Crude Petroleum & Natural Gas Industry

17th out of 81 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.

Receive FANG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Diamondback Energy and its competitors with MarketBeat's FREE daily newsletter.

FANG Stock News Headlines

Natural Gas Prices Continue To Rally, These Stocks Should Benefit (FANG)
Natural gas prices are up significantly over the past few years, and companies that explore and produce NG, should benefit substantially.
6FANG : Diamondback Energy Whale Trades Spotted
Diamondback Energy (NASDAQ:FANG) PT Raised to $155.00
Diamondback Energy (NASDAQ:FANG) Shares Gap Down to $132.62
KeyCorp Begins Coverage on Diamondback Energy (NASDAQ:FANG)
Diamondback Energy (NASDAQ:FANG) Coverage Initiated at KeyCorp
13 Analysts Have This to Say About Diamondback Energy
Diamondback Energy: Your FANG For The Next Decade?
See More Headlines
Receive FANG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Diamondback Energy and its competitors with MarketBeat's FREE daily newsletter.

FANG Company Calendar

Last Earnings
8/01/2022
Ex-Dividend for 8/23 Dividend
8/15/2022
Dividend Payable
8/23/2022
Today
9/26/2022
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
$168.89
High Stock Price Forecast
$203.00
Low Stock Price Forecast
$135.00
Forecasted Upside/Downside
+51.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.94
Research Coverage
18 Analysts

Profitability

Net Income
$2.18 billion
Pretax Margin
55.82%

Debt

Sales & Book Value

Annual Sales
$6.80 billion
Cash Flow
$17.49 per share
Book Value
$73.11 per share

Miscellaneous

Free Float
172,713,000
Market Cap
$19.29 billion
Optionable
Optionable
Beta
2.06

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?

18 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, 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 forecast for 2022?

18 equities research analysts have issued 12 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 share price to reach $168.89 in the next year. This suggests a possible upside of 51.5% 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 on January 1st, 2022. Since then, FANG stock has increased by 3.3% and is now trading at $111.46.
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) issued its quarterly earnings results on Monday, August, 1st. The oil and natural gas company reported $7.07 EPS for the quarter, beating the consensus estimate of $6.66 by $0.41. The oil and natural gas company earned $2.77 billion during the quarter, compared to analysts' expectations of $2.44 billion. Diamondback Energy had a trailing twelve-month return on equity of 25.12% and a net margin of 42.23%. Diamondback Energy's revenue for the quarter was up 64.7% compared to the same quarter last year. During the same quarter last year, the company posted $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 announced 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 dividend on an annualized basis and a yield of 10.95%. The ex-dividend date is Monday, August 15th. This is a boost 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 2.60%. 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.

How will Diamondback Energy's stock buyback program work?

Diamondback Energy declared that its board has initiated 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 buy up to 17.9% of its shares through open market purchases. Shares repurchase plans are generally 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?

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).

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 many different retail and institutional investors. Top institutional shareholders 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 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.

What is Diamondback Energy's stock price today?

One share of FANG stock can currently be purchased for approximately $111.46.

How much money does Diamondback Energy make?

Diamondback Energy (NASDAQ:FANG) has a market capitalization of $19.33 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.

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 9/26/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.