Diamondback Energy (NASDAQ:FANG) underwent analysis by 19 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 7 | 12 | 0 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 2 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 3 | 0 | 0 | 0 |
| 3M Ago | 4 | 8 | 0 | 0 | 0 |
Analysts have set 12-month price targets for Diamondback Energy, revealing an average target of $216.21, a high estimate of $252.00, and a low estimate of $182.00. A 3.17% drop is evident in the current average compared to the previous average price target of $223.28.
Interpreting Analyst Ratings: A Closer Look
The standing of Diamondback Energy among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Nitin Kumar | Mizuho | Lowers | Outperform | $207.00 | $219.00 |
| Josh Silverstein | UBS | Lowers | Buy | $212.00 | $235.00 |
| John Freeman | Raymond James | Raises | Strong Buy | $237.00 | $232.00 |
| Scott Hanold | RBC Capital | Maintains | Outperform | $210.00 | $210.00 |
| Subash Chandra | Benchmark | Maintains | Buy | $195.00 | $195.00 |
| Roger Read | Wells Fargo | Lowers | Overweight | $218.00 | $219.00 |
| Biju Perincheril | Susquehanna | Lowers | Positive | $233.00 | $237.00 |
| Neal Dingmann | Truist Securities | Raises | Buy | $230.00 | $220.00 |
| Tim Rezvan | Keybanc | Lowers | Overweight | $216.00 | $225.00 |
| Mark Lear | Piper Sandler | Raises | Overweight | $252.00 | $240.00 |
| Paul Cheng | Scotiabank | Lowers | Sector Outperform | $225.00 | $245.00 |
| Phillip Jungwirth | BMO Capital | Raises | Outperform | $215.00 | $205.00 |
| Subash Chandra | Benchmark | Raises | Buy | $195.00 | $154.00 |
| Betty Jiang | Barclays | Lowers | Overweight | $210.00 | $216.00 |
| Arun Jayaram | JP Morgan | Announces | Overweight | $182.00 | - |
| Roger Read | Wells Fargo | Lowers | Overweight | $219.00 | $230.00 |
| Stephen Richardson | Evercore ISI Group | Lowers | Outperform | $209.00 | $235.00 |
| Neal Dingmann | Truist Securities | Lowers | Buy | $220.00 | $255.00 |
| Josh Silverstein | UBS | Lowers | Buy | $223.00 | $247.00 |
Key Insights: Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Diamondback Energy. This information provides a snapshot of how analysts perceive the current state of the company. Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Diamondback Energy compared to the broader market. Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Capture valuable insights into Diamondback Energy's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Diamondback Energy analyst ratings.
Delving into Diamondback Energy's Background
Diamondback Energy is an independent oil and gas producer in the United States. The company operates exclusively in the Permian Basin. At the end of 2023, the company reported net proven reserves of 2.2 billion barrels of oil equivalent. Net production averaged about 448,000 barrels per day in 2023, at a ratio of 59% oil, 21% natural gas liquids, and 20% natural gas.
Diamondback Energy: A Financial Overview
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Diamondback Energy's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 13.03%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Energy sector.
Net Margin: Diamondback Energy's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 24.91%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Diamondback Energy's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.4%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Diamondback Energy's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 1.3%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Diamondback Energy's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.35.
The Core of Analyst Ratings: What Every Investor Should Know
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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Latest Ratings for FANG
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2022 | Scotiabank | Upgrades | Sector Perform | Sector Outperform |
| Mar 2022 | B of A Securities | Downgrades | Buy | Neutral |
| Mar 2022 | Raymond James | Maintains | Strong Buy |
View More Analyst Ratings for FANG
View the Latest Analyst Ratings
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