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Diamondback Energy - FANG Stock Forecast, Price & News

$138.40
+0.83 (+0.60%)
(As of 02/3/2023 05:18 PM ET)
Add
Compare
Today's Range
$137.66
$141.34
50-Day Range
$129.60
$150.96
52-Week Range
$103.71
$168.95
Volume
1.55 million shs
Average Volume
1.98 million shs
Market Capitalization
$24.84 billion
P/E Ratio
5.64
Dividend Yield
2.09%
Price Target
$180.62

Diamondback Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.84 Rating Score
Upside/​Downside
30.5% Upside
$180.62 Price Target
Short Interest
Healthy
3.94% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.09
Upright™ Environmental Score
News Sentiment
0.29mentions of Diamondback Energy in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$275,564 Sold Last Quarter
Proj. Earnings Growth
-1.08%
From $24.05 to $23.79 Per Share

Overall MarketRank

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

3.02 out of 5 stars

Oils/Energy Sector

17th out of 241 stocks

Crude Petroleum & Natural Gas Industry

9th out of 75 stocks

FANG stock logo

About Diamondback Energy (NASDAQ:FANG) Stock

Diamondback Energy, Inc. is an independent oil and natural gas company, which engages in the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves. It operates through the Upstream and Midstream Services segments. The Upstream segment focuses on the Permian Basin operations in West Texas. The Midstream Services segment is involved in the Midland and Delaware Basins. The company was founded in December 2007 and is headquartered in Midland, TX.

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FANG Stock News Headlines

A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
Barclays Reaffirms Their Buy Rating on Diamondback (FANG)
See More Headlines
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FANG Company Calendar

Last Earnings
11/07/2022
Ex-Dividend for 11/25 Dividend
11/16/2022
Dividend Payable
11/25/2022
Today
2/03/2023
Next Earnings (Confirmed)
2/21/2023
Fiscal Year End
12/31/2023

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
$180.62
High Stock Price Forecast
$214.00
Low Stock Price Forecast
$143.00
Forecasted Upside/Downside
+30.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.84
Research Coverage
19 Analysts

Profitability

Net Income
$2.18 billion
Pretax Margin
59.96%

Debt

Sales & Book Value

Annual Sales
$6.80 billion
Cash Flow
$17.50 per share
Book Value
$73.11 per share

Miscellaneous

Free Float
175,260,000
Market Cap
$24.84 billion
Optionable
Optionable
Beta
2.02

Social Links


Key Executives

  • Travis D. SticeTravis D. Stice
    Chairman & Chief Executive Officer
  • Matthew Kaes Van't Hof
    President & Chief Financial Officer
  • Daniel N. WessonDaniel N. Wesson
    Chief Operating Officer & Executive Vice President
  • David L. Cannon
    Senior Vice President-Geoscience & Technology
  • Greg Dolezal
    Vice President-Information Technology













FANG Stock - Frequently Asked Questions

Should I buy or sell Diamondback Energy stock right now?

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.
View FANG analyst ratings
or view top-rated stocks.

What is Diamondback Energy's stock price forecast for 2023?

19 Wall Street analysts have issued 1-year target prices for Diamondback Energy's stock. Their FANG share price forecasts range from $143.00 to $214.00. On average, they expect the company's share price to reach $180.62 in the next year. This suggests a possible upside of 31.3% 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 2023?

Diamondback Energy's stock was trading at $136.78 at the beginning of 2023. Since then, FANG stock has increased by 0.6% and is now trading at $137.57.
View the best growth stocks for 2023 here
.

When is Diamondback Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
View our FANG earnings forecast
.

How can I listen to Diamondback Energy's earnings call?

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.

How were Diamondback Energy's earnings last quarter?

Diamondback Energy, Inc. (NASDAQ:FANG) released its quarterly earnings results on Monday, November, 7th. The oil and natural gas company reported $6.48 EPS for the quarter, missing analysts' consensus estimates of $6.51 by $0.03. The oil and natural gas company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.38 billion. Diamondback Energy had a trailing twelve-month return on equity of 28.49% and a net margin of 45.47%.

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. Investors 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 2.09%. 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 12.61% 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 announced that its Board of Directors has initiated a share buyback program on Monday, August 1st 2022, which authorizes the company to buyback $4,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 17.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board 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 variety of retail and institutional investors. Top institutional investors include Yacktman Asset Management LP (0.75%), Sumitomo Mitsui Trust Holdings Inc. (0.28%), DNB Asset Management AS (0.25%), Strs Ohio (0.20%), Simplex Trading LLC (0.00%) and Assenagon Asset Management S.A. (0.17%). 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.
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 $137.57.

How much money does Diamondback Energy make?

Diamondback Energy (NASDAQ:FANG) has a market capitalization of $24.69 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 2/3/2023 by MarketBeat.com Staff