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Diamondback (FANG)
NASDAQ:FANG
Diamondback (FANG) Stock Price & Analysis
3,325 Followers
FANG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$118.12 - $211.96
Previous Close$201.15
Volume1.06M
Average Volume (3M)1.82M
Market Cap
$35.87B
Enterprise Value$41.90B
Total Cash (Recent Filing)$912.00M
Total Debt (Recent Filing)$6.23B
Price to Earnings (P/E)11.6
Beta0.93
Next Earnings
Apr 30, 2024EPS Estimate
$4.4Next Dividend Ex-DateN/A
Dividend Yield3.98%
Share Statistics
EPS (TTM)17.35
Shares Outstanding178,446,583
10 Day Avg. Volume1,473,954
30 Day Avg. Volume1,817,226
Standard Deviation0.18
R-Squared0.33
Alpha0.00714
Financial Highlights & Ratios
Price to Book (P/B)2.19
Price to Sales (P/S)3.72
Price to Cash Flow (P/CF)5.60
P/FCF Ratio36.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.42
Enterprise Value/Gross Profit6.18
Enterprise Value/Ebitda7.05
Forecast
1Y Price Target
$208.84Price Target Upside4.63% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering19
Diamondback News
PremiumMarket News
QQQ ETF Update, 4/9/2024 
Bulls Say, Bears Say
Bulls Say
Acquisition BenefitsFANG's acquisition of Endeavor Energy has created one of the largest reserve bases in the core of the Midland Basin.
Financial PerformanceAnalyst increases the price target for FANG to $200 per share, maintaining a Buy rating.
Operational EfficiencyThe company is realizing greater field efficiencies in 2024, driving 8% lower capex to hold 4Q23 volumes flat.
Bears Say
Financial ForecastExpectations for HH gas are projected to decline in the next two years.
Financial StrategyFANG has reduced its shareholder payout commitment from 75% to 50% of free cash flow, potentially impacting investor returns.
Operational PerformanceFANG's oil production guidance is set slightly below analyst estimates.
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Ownership Overview
7.79% Insiders
36.19% Mutual Funds
29.97% Other Institutional Investors
26.05% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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FANG FAQ
What was Diamondback’s price range in the past 12 months?
Diamondback lowest stock price was $118.12 and its highest was $211.96 in the past 12 months.
What is Diamondback’s market cap?
Currently, no data Available
When is Diamondback’s upcoming earnings report date?
Diamondback’s upcoming earnings report date is Apr 30, 2024 which is in 11 days.
How were Diamondback’s earnings last quarter?
Diamondback released its earnings results on Feb 20, 2024. The company reported $4.74 earnings per share for the quarter, beating the consensus estimate of $4.695 by $0.045.
Is Diamondback overvalued?
According to Wall Street analysts Diamondback’s price is currently Undervalued.
Does Diamondback pay dividends?
Diamondback does not currently pay dividends.
What is Diamondback’s EPS estimate?
Diamondback’s EPS estimate is $4.4.
How many shares outstanding does Diamondback have?
Diamondback has 178,339,980 shares outstanding.
What happened to Diamondback’s price movement after its last earnings report?
Diamondback reported an EPS of $4.74 in its last earnings report, beating expectations of $4.695. Following the earnings report the stock price went up 0.948%.
Which hedge fund is a major shareholder of Diamondback?
Among the largest hedge funds holding Diamondback’s share is Diamond Hill Capital Management Inc. It holds Diamondback’s shares valued at 249M.
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Diamondback Stock Smart Score
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$208.84 (4.63% Upside)
$208.84 (4.63% Upside)
Blogger Sentiment
Bullish
FANG Sentiment 100%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Decreased
By 5.1M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $5.9M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.0%
Last 30 Days ▼ 1.9%
Last 30 Days ▼ 1.9%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
46.25%
12-Months-Change
Fundamentals
Return on Equity
19.73%
Trailing 12-Months
Asset Growth
10.65%
Trailing 12-Months
Company Description
Diamondback
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 involves in the Midland and Delaware Basins. The company was founded in December 2007 and is headquartered in Midland, TX.
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FANG Company Deck
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FANG Earnings Call
Q4 2024
0:00 / 0:00
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FANG Revenue Breakdown
86.53% Oil sales
8.17% Natural gas liquid sales
3.11% Natural gas sales
1.32% Sales of purchased oil
0.87% Other operating income
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FANG Stock 12 Months Forecast
Average Price Target
$208.84
▲(4.63% Upside)
Technical Analysis
Best Analysts Covering FANG
1 Year
1 Year Success Rate
22/23 ratings generated profit
1 Year Average Return
+39.02%
reiterated a buy rating 3 months ago
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