Diamondback Energy, Inc. with ticker code (FANG) now have 27 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The target price High/Low ranges between 222 and 140 suggesting an average Analsyt target price of $172.33. Now with the previous closing price of $148.04 this now indicates there is a potential upside of 16.4%. Also worth taking note is the 50 day moving average now sits at $138.53 and the 200 day moving average is $139.70. The total market capitalization for the company now stands at 26.61B. The stock price for the company is currently is currently 148.45 USD
The potential market cap would be $30,970,689,196 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 7.7, revenue per share of 43.79 and a 11.72% return on assets.
Diamondback Energy, Inc. is an independent oil and gas company, which is focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. The Company operates through upstream segment, which is engaged in the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas. The midstream operations are focused on owning, operating, developing and acquiring midstream infrastructure assets in the Midland and Delaware Basins of the Permian Basin. Its total acreage position in the Permian Basin is approximately 508,767 net acres, which consisted primarily of approximately 325,540 acres in the Midland Basin and approximately 150,719 acres in the Delaware Basin. The Company’s subsidiaries include Diamondback E&P LLC, Viper Energy Partners GP LLC, Rattler Midstream GP LLC, and QEP Resources, Inc.
