Diamondback Energy, Inc. with ticker code (FANG) now have 26 analysts in total covering the stock. The consensus rating is pointing to ‘buy’. The range between the high target price and low target price is between $263.00 and $154.00 with the average target price sitting at $223.89. Given that the stocks previous close was at $187.56 this now indicates there is a potential upside of 19.4%. It’s also worth noting that there is a 50 day moving average of $198.34 and the 200 moving average now moves to $172.29. The market capitalization for the company is 33.68B. The stock price for the company is currently $188.87 USD
The potential market cap would be $40,208,322,000 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 10.65, revenue per share of $46.19 and a 9.89% 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.
