13 analysts have shared their evaluations of Diamondback Energy FANG during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 8 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 2 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 2 | 0 | 0 | 0 |
| 3M Ago | 1 | 5 | 1 | 0 | 0 |
Analysts have set 12-month price targets for Diamondback Energy, revealing an average target of $190.15, a high estimate of $225.00, and a low estimate of $169.00. Witnessing a positive shift, the current average has risen by 1.73% from the previous average price target of $186.92.
Investigating Analyst Ratings: An Elaborate Study
A clear picture of Diamondback Energy's perception among financial experts is painted with a thorough analysis 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 |
|---|---|---|---|---|---|
| Tim Rezvan | Keybanc | Lowers | Overweight | $170.00 | $183.00 |
| John Freeman | Raymond James | Lowers | Strong Buy | $190.00 | $214.00 |
| Josh Silverstein | UBS | Lowers | Buy | $183.00 | $198.00 |
| Derrick Whitfield | Stifel | Raises | Buy | $194.00 | $182.00 |
| Roger Read | Wells Fargo | Lowers | Overweight | $189.00 | $190.00 |
| Mark Lear | Piper Sandler | Raises | Overweight | $206.00 | $189.00 |
| Biju Perincheril | Susquehanna | Raises | Positive | $203.00 | $200.00 |
| Neal Dingmann | Truist Securities | Raises | Buy | $225.00 | $215.00 |
| Scott Gruber | Citigroup | Raises | Neutral | $170.00 | $160.00 |
| Roger Read | Wells Fargo | Raises | Overweight | $190.00 | $168.00 |
| Biju Perincheril | Susquehanna | Raises | Positive | $200.00 | $189.00 |
| Devin McDermott | Morgan Stanley | Lowers | Overweight | $169.00 | $171.00 |
| Tim Rezvan | Keybanc | Raises | Overweight | $183.00 | $171.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Diamondback Energy. This insight gives a snapshot of analysts' perspectives on 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: Understanding forecasts, analysts offer estimates for Diamondback Energy's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Diamondback Energy's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Diamondback Energy analyst ratings.
Discovering Diamondback Energy: A Closer Look
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 2022, the company reported net proven reserves of 2 billion barrels of oil equivalent. Net production averaged about 386,000 barrels per day in 2022, at a ratio of 58% oil, 21% natural gas liquids, and 21% natural gas.
Diamondback Energy's Financial Performance
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Challenges: Diamondback Energy's revenue growth over 3 months faced difficulties. As of 30 September, 2023, the company experienced a decline of approximately -3.85%. This indicates a decrease in 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 net margin excels beyond industry benchmarks, reaching 39.37%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Diamondback Energy's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 5.75%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 3.29%, the company showcases effective utilization of assets.
Debt Management: Diamondback Energy's debt-to-equity ratio is below the industry average. With a ratio of 0.38, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Core of Analyst Ratings: What Every Investor Should Know
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
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.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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