Diamondback Energy - FANG Stock Forecast, Price & News

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Diamondback Energy in the last year. There are currently 1 sell rating, 1 hold rating, 17 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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20 equities research analysts have issued 1-year price objectives for Diamondback Energy's stock. Their FANG share price forecasts range from $143.00 to $210.00. On average, they predict the company's share price to reach $178.30 in the next twelve months. This suggests a possible upside of 34.3% 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 shares have decreased by 2.9% and is now trading at $132.79.
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Diamondback Energy saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 6,040,000 shares, an increase of 25.8% from the February 28th total of 4,800,000 shares. Based on an average daily volume of 2,400,000 shares, the short-interest ratio is presently 2.5 days. Approximately 3.5% of the company's shares are sold short.
View Diamondback Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
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Diamondback Energy, Inc. (NASDAQ:FANG) released its earnings results on Tuesday, February, 21st. The oil and natural gas company reported $5.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.20 by $0.09. The oil and natural gas company had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $2.09 billion. Diamondback Energy had a trailing twelve-month return on equity of 29.29% and a net margin of 45.48%. Diamondback Energy's revenue was up .4% on a year-over-year basis. During the same period in the previous year, the business posted $3.63 earnings per share.
Read the conference call transcript.

Diamondback Energy declared a quarterly dividend on Tuesday, February 21st. Stockholders of record on Friday, March 3rd will be paid a dividend of $2.95 per share on Friday, March 10th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 8.89%. The ex-dividend date of this dividend is Thursday, March 2nd.
Read our dividend analysis for FANG.

ETFs with the largest weight of Diamondback Energy (NASDAQ:FANG) stock in their portfolio include Invesco Dynamic Energy Exploration & Production ETF (PXE), Invesco S&P 500 Equal Weight Energy ETF (RYE), iShares U.S. Oil & Gas Exploration & Production ETF (IEO), 2ndVote Life Neutral Plus ETF (LYFE), AXS Brendan Wood TopGun Index ETF (TGN), Alger Mid Cap 40 ETF (FRTY), First Trust Energy AlphaDEX Fund (FXN) and First Trust Natural Gas ETF (FCG).

Diamondback Energy (NASDAQ:FANG) pays an annual dividend of $3.20 per share and currently has a dividend yield of 2.55%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 12.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FANG will have a dividend payout ratio of 13.82% 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 has approved a share repurchase program on Monday, August 1st 2022, which authorizes the company to buyback $4,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 17.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors 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 variety of institutional and retail investors. Top institutional investors include Geode Capital Management LLC (2.08%), Morgan Stanley (1.99%), Boston Partners (1.14%), Ontario Teachers Pension Plan Board (1.13%), Susquehanna International Group LLP (0.00%) and Dimensional Fund Advisors LP (0.95%). 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 $132.79.

Diamondback Energy (NASDAQ:FANG) has a market capitalization of $24.38 billion and generates $9.64 billion in revenue each year. The oil and natural gas company earns $4.39 billion in net income (profit) each year or $24.63 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.