Diamondback Energy - FANG Stock Forecast, Price & News

21 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, 1 hold rating, 18 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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21 brokerages have issued 12 month target prices for Diamondback Energy's stock. Their FANG share price forecasts range from $143.00 to $210.00. On average, they expect the company's stock price to reach $178.00 in the next year. This suggests a possible upside of 31.7% from the stock's current price.
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Diamondback Energy's stock was trading at $136.78 on January 1st, 2023. Since then, FANG shares have decreased by 1.2% and is now trading at $135.17.
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Diamondback Energy saw a increase in short interest in March. As of March 15th, there was short interest totaling 6,040,000 shares, an increase of 25.8% from the February 28th total of 4,800,000 shares. Based on an average trading volume of 2,400,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 3.5% of the company's stock are short sold.
View Diamondback Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
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Diamondback Energy will be holding an earnings conference call on Tuesday, May 2nd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Diamondback Energy, Inc. (NASDAQ:FANG) posted its earnings results on Tuesday, February, 21st. The oil and natural gas company reported $5.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.20 by $0.09. The oil and natural gas company earned $2.03 billion during the quarter, compared to the consensus estimate 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 firm's revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the company posted $3.63 earnings per share.
Read the conference call transcript.

Diamondback Energy announced a quarterly dividend on Tuesday, February 21st. Investors of record on Friday, March 3rd will be paid a dividend of $2.95 per share on Friday, March 10th. This represents a $11.80 annualized dividend and a yield of 8.73%. 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 Dynamic Energy Exploration & Production ETF (PXE), 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) and First Trust Natural Gas ETF (FCG).

Diamondback Energy (NASDAQ:FANG) pays an annual dividend of $3.20 per share and currently has a dividend yield of 2.41%. 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 14.49% 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 has approved 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 shares through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its shares are 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."

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 $135.17.

Diamondback Energy (NASDAQ:FANG) has a market capitalization of $24.82 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.