Diamondback Energy, Inc. which can be found using ticker (FANG) now have 26 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The range between the high target price and low target price is between $286.00 and $154.00 with the average share target price sitting at $226.19. (at the time of writing). Given that the stocks previous close was at $199.77 this would imply there is now a potential upside of 13.2%. There is a 50 day moving average of $197.96 and the 200 moving average now moves to $180.31. The company has a market capitalization of 35.91B. Currently the stock stands at: $201.29 USD
The potential market cap would be $40,657,958,194 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 10.42, revenue per share of $49.52 and a 9.63% 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.
