Happy Thanksgiving! Save 50% on Your MarketBeat All Access Subscription.
  •  days
  •  Hours
  •  Minutes
  •  Seconds
×
S&P 500   3,992.19 (-0.84%)
DOW   34,090.85 (-0.75%)
QQQ   284.09 (-0.99%)
AAPL   145.20 (-1.96%)
MSFT   242.78 (-1.90%)
META   109.09 (-2.08%)
GOOGL   96.28 (-1.21%)
AMZN   94.87 (+1.56%)
TSLA   187.20 (+2.37%)
NVDA   160.68 (-1.24%)
NIO   10.31 (+1.38%)
BABA   75.95 (+0.60%)
AMD   73.94 (-1.60%)
T   18.88 (-1.26%)
MU   56.20 (-3.78%)
CGC   3.47 (-5.19%)
F   13.73 (-2.49%)
GE   86.48 (-1.88%)
DIS   96.12 (-2.78%)
AMC   7.30 (-2.80%)
PYPL   80.76 (+0.85%)
PFE   49.20 (-0.02%)
NFLX   283.52 (-0.71%)
S&P 500   3,992.19 (-0.84%)
DOW   34,090.85 (-0.75%)
QQQ   284.09 (-0.99%)
AAPL   145.20 (-1.96%)
MSFT   242.78 (-1.90%)
META   109.09 (-2.08%)
GOOGL   96.28 (-1.21%)
AMZN   94.87 (+1.56%)
TSLA   187.20 (+2.37%)
NVDA   160.68 (-1.24%)
NIO   10.31 (+1.38%)
BABA   75.95 (+0.60%)
AMD   73.94 (-1.60%)
T   18.88 (-1.26%)
MU   56.20 (-3.78%)
CGC   3.47 (-5.19%)
F   13.73 (-2.49%)
GE   86.48 (-1.88%)
DIS   96.12 (-2.78%)
AMC   7.30 (-2.80%)
PYPL   80.76 (+0.85%)
PFE   49.20 (-0.02%)
NFLX   283.52 (-0.71%)
S&P 500   3,992.19 (-0.84%)
DOW   34,090.85 (-0.75%)
QQQ   284.09 (-0.99%)
AAPL   145.20 (-1.96%)
MSFT   242.78 (-1.90%)
META   109.09 (-2.08%)
GOOGL   96.28 (-1.21%)
AMZN   94.87 (+1.56%)
TSLA   187.20 (+2.37%)
NVDA   160.68 (-1.24%)
NIO   10.31 (+1.38%)
BABA   75.95 (+0.60%)
AMD   73.94 (-1.60%)
T   18.88 (-1.26%)
MU   56.20 (-3.78%)
CGC   3.47 (-5.19%)
F   13.73 (-2.49%)
GE   86.48 (-1.88%)
DIS   96.12 (-2.78%)
AMC   7.30 (-2.80%)
PYPL   80.76 (+0.85%)
PFE   49.20 (-0.02%)
NFLX   283.52 (-0.71%)
S&P 500   3,992.19 (-0.84%)
DOW   34,090.85 (-0.75%)
QQQ   284.09 (-0.99%)
AAPL   145.20 (-1.96%)
MSFT   242.78 (-1.90%)
META   109.09 (-2.08%)
GOOGL   96.28 (-1.21%)
AMZN   94.87 (+1.56%)
TSLA   187.20 (+2.37%)
NVDA   160.68 (-1.24%)
NIO   10.31 (+1.38%)
BABA   75.95 (+0.60%)
AMD   73.94 (-1.60%)
T   18.88 (-1.26%)
MU   56.20 (-3.78%)
CGC   3.47 (-5.19%)
F   13.73 (-2.49%)
GE   86.48 (-1.88%)
DIS   96.12 (-2.78%)
AMC   7.30 (-2.80%)
PYPL   80.76 (+0.85%)
PFE   49.20 (-0.02%)
NFLX   283.52 (-0.71%)

Diamondback Energy - FANG Stock Forecast, Price & News

$145.07
-4.25 (-2.85%)
(As of 11/28/2022 12:04 PM ET)
Add
Compare
Today's Range
$143.00
$146.21
50-Day Range
$111.21
$167.03
52-Week Range
$95.02
$168.95
Volume
66,051 shs
Average Volume
2.74 million shs
Market Capitalization
$25.53 billion
P/E Ratio
5.91
Dividend Yield
2.01%
Price Target
$181.85

Diamondback Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.89 Rating Score
Upside/​Downside
26.4% Upside
$181.85 Price Target
Short Interest
Bearish
7.37% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.01
Upright™ Environmental Score
News Sentiment
0.78mentions of Diamondback Energy in the last 14 days
Based on 25 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.77%
From $24.87 to $25.56 Per Share

Overall MarketRank

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

2.79 out of 5 stars

Oils/Energy Sector

62nd out of 245 stocks

Crude Petroleum & Natural Gas Industry

31st out of 80 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

Diamondback Energy: Sticking With The Plan
Diamondback Energy: Dividends Are Going Up
The Biggest "Missing Ingredient" in the $7 Trillion EV Market
China has owned the graphite market for decades. But the U.S. just added graphite to a list of super-critical minerals... "essential for America's National Defense." Perfect timing for a "made in America" graphite company looking to mine, manufacture, and recycle graphite for the booming electric car market.
The Biggest "Missing Ingredient" in the $7 Trillion EV Market
China has owned the graphite market for decades. But the U.S. just added graphite to a list of super-critical minerals... "essential for America's National Defense." Perfect timing for a "made in America" graphite company looking to mine, manufacture, and recycle graphite for the booming electric car market.
Diamondback Energy (NASDAQ:FANG) Price Target Raised to $209.00
Diamondback Energy (NASDAQ:FANG) Price Target Raised to $195.00
First Week of FANG January 2025 Options Trading
Diamondback Energy: We're Sharpening Our FANG Strategy
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
10/31/2021
Ex-Dividend for 11/25 Dividend
11/16/2022
Dividend Payable
11/25/2022
Today
11/28/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/28/2023

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
$181.85
High Stock Price Forecast
$214.00
Low Stock Price Forecast
$143.00
Forecasted Upside/Downside
+25.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
18 Analysts

Profitability

Net Income
$2.18 billion
Pretax Margin
59.96%

Debt

Sales & Book Value

Annual Sales
$6.80 billion
Cash Flow
$17.61 per share
Book Value
$73.11 per share

Miscellaneous

Free Float
175,260,000
Market Cap
$25.53 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
  • Mr. Thomas F. HawkinsMr. Thomas F. Hawkins (Age 68)
    Exec. VP of Special Projects













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 year. There are currently 1 sell rating, 2 hold ratings, 14 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 2023?

18 Wall Street research analysts have issued twelve-month price objectives for Diamondback Energy's stock. Their FANG share price forecasts range from $143.00 to $214.00. On average, they anticipate the company's share price to reach $181.85 in the next year. This suggests a possible upside of 25.8% 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 34.0% and is now trading at $144.57.
View the best growth stocks for 2022 here
.

Are investors shorting Diamondback Energy?

Diamondback Energy saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 12,270,000 shares, an increase of 26.4% from the October 31st total of 9,710,000 shares. Based on an average daily volume of 2,490,000 shares, the days-to-cover ratio is presently 4.9 days. Currently, 7.4% of the company's shares are sold short.
View Diamondback Energy's Short Interest
.

When is Diamondback Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our FANG earnings forecast
.

How were Diamondback Energy's earnings last quarter?

Diamondback Energy, Inc. (NASDAQ:FANG) issued its quarterly earnings data on Sunday, October, 31st. The oil and natural gas company reported $2.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.81 by $0.13. The oil and natural gas company earned $1.91 billion during the quarter, compared to analysts' expectations 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 firm's quarterly revenue was up 165.3% compared to the same quarter last year. During the same period last year, the business posted $0.62 EPS.
Read the conference call transcript
.

How often does Diamondback Energy pay dividends? What is the dividend yield for Diamondback Energy?

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 of this dividend is Wednesday, November 16th.
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 2.01%. 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 11.74% 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 authorized a share repurchase program on Monday, August 1st 2022, which permits the company to repurchase $4,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 17.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's management believes its shares are 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 a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (12.37%), BlackRock Inc. (7.49%), State Street Corp (6.55%), Boston Partners (1.95%), Massachusetts Financial Services Co. MA (1.55%) and Nuveen Asset Management LLC (1.33%). 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 $144.57.

How much money does Diamondback Energy make?

Diamondback Energy (NASDAQ:FANG) has a market capitalization of $25.44 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.

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 11/28/2022 by MarketBeat.com Staff