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 Wall Street analysts have issued 12 month price objectives for Diamondback Energy's shares. Their FANG share price forecasts range from $143.00 to $210.00. On average, they predict the company's share price to reach $181.45 in the next twelve months. This suggests a possible upside of 38.6% from the stock's current price.
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Diamondback Energy's stock was trading at $136.78 at the start of the year. Since then, FANG stock has decreased by 4.3% and is now trading at $130.90.
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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 quarterly earnings data 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 analyst estimates of $2.09 billion. Diamondback Energy had a net margin of 45.48% and a trailing twelve-month return on equity of 29.29%. The company's revenue was up .4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.63 earnings per share.
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Diamondback Energy declared a quarterly dividend on Tuesday, February 21st. Stockholders of record on Friday, March 3rd will be given 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 9.01%. 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 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), First Trust Natural Gas ETF (FCG) and 2ndVote Society Defended ETF (EGIS).

Diamondback Energy (NASDAQ:FANG) pays an annual dividend of $3.20 per share and currently has a dividend yield of 2.60%. 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 13.86% 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 stock buyback program on Monday, August 1st 2022, which permits the company to repurchase $4,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 17.9% of its stock through open market purchases. Stock repurchase programs are often a sign 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 many different institutional and retail investors. Top institutional shareholders 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 $130.90.

Diamondback Energy (NASDAQ:FANG) has a market capitalization of $24.03 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.