Diamondback Energy - FANG Stock Forecast, Price & News

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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
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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.

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.

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.

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.

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 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.
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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 $111.46.

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.

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.