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 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.
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18 Wall Street analysts have issued 1-year price objectives 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 $181.85 in the next twelve months. This suggests a possible upside of 25.0% from the stock's current price.
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Diamondback Energy's stock was trading at $107.85 at the beginning of the year. Since then, FANG shares have increased by 34.9% and is now trading at $145.46.
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Diamondback Energy saw a increase in short interest in 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 trading volume of 2,490,000 shares, the days-to-cover ratio is presently 4.9 days. Approximately 7.4% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
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Diamondback Energy, Inc. (NASDAQ:FANG) released its quarterly earnings data on Sunday, October, 31st. The oil and natural gas company reported $2.94 earnings per share 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 business's quarterly revenue was up 165.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 EPS.
Read the conference call transcript.

Diamondback Energy declared a None dividend on Monday, November 7th. Shareholders of record on Thursday, November 17th will be paid 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.
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Diamondback Energy (NASDAQ:FANG) pays an annual dividend of $3.00 per share and currently has a dividend yield of 2.06%. 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 11.96% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FANG.

Diamondback Energy announced that its Board of Directors has initiated a stock 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 purchase up to 17.9% of its stock through open market purchases. Stock repurchase programs are typically an indication 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 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.
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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 $145.46.

Diamondback Energy (NASDAQ:FANG) has a market capitalization of $25.60 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.

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.