Breaking Down Diamondback Energy: 19 Analysts Share Their Views

In the latest quarter, 19 analysts provided ratings for Diamondback Energy FANG, showcasing a mix of bullish and bearish perspectives.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 6 12 1 0 0
Last 30D 0 1 0 0 0
1M Ago 1 0 0 0 0
2M Ago 3 7 1 0 0
3M Ago 2 4 0 0 0

Insights from analysts' 12-month price targets are revealed, presenting an average target of $224.26, a high estimate of $255.00, and a low estimate of $184.00. This upward trend is apparent, with the current average reflecting a 7.85% increase from the previous average price target of $207.94.

price target chart

Decoding Analyst Ratings: A Detailed Look

The standing of Diamondback Energy among financial experts becomes clear 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
Bob Brackett Bernstein Announces Outperform $243.00 -
Nitin Kumar Mizuho Raises Buy $222.00 $217.00
Scott Hanold RBC Capital Raises Outperform $220.00 $195.00
Roger Read Wells Fargo Lowers Overweight $224.00 $227.00
Derrick Whitfield Stifel Raises Buy $229.00 $224.00
Neal Dingmann Truist Securities Raises Buy $250.00 $248.00
Tim Rezvan Keybanc Raises Overweight $225.00 $210.00
Biju Perincheril Susquehanna Raises Positive $245.00 $212.00
Mark Lear Piper Sandler Raises Overweight $247.00 $227.00
Devin McDermott Morgan Stanley Lowers Overweight $184.00 $186.00
Paul Cheng Scotiabank Raises Sector Outperform $255.00 $210.00
Nitin Kumar Mizuho Raises Buy $217.00 $200.00
Betty Jiang Barclays Announces Equal-Weight $214.00 -
Neal Dingmann Truist Securities Lowers Buy $248.00 $250.00
Devin McDermott Morgan Stanley Raises Overweight $186.00 $177.00
Stephen Richardson Evercore ISI Group Raises Outperform $215.00 $185.00
Derrick Whitfield Stifel Raises Buy $224.00 $192.00
Tim Rezvan Keybanc Raises Overweight $210.00 $186.00
Roger Read Wells Fargo Raises Overweight $203.00 $189.00

Key Insights:

  • Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Diamondback Energy. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Diamondback Energy compared to the broader market.
  • Price Targets: Delving into movements, analysts provide estimates for the future value of Diamondback Energy's stock. This analysis reveals shifts in analysts' expectations over time.

Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Diamondback Energy's market position. Stay informed and make data-driven decisions with the assistance of 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: Delving into Financials

Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.

Positive Revenue Trend: Examining Diamondback Energy's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 16.61% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Energy sector, the company excelled with a growth rate higher than the average among peers.

Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 34.63%, the company showcases strong profitability and effective cost control.

Return on Equity (ROE): Diamondback Energy's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 4.57%, the company showcases efficient use of equity capital and strong financial health.

Return on Assets (ROA): Diamondback Energy's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.62% ROA, the company effectively utilizes its assets for optimal returns.

Debt Management: Diamondback Energy's debt-to-equity ratio is below the industry average at 0.39, reflecting a lower dependency on debt financing and a more conservative financial approach.

The Core of Analyst Ratings: What Every Investor Should Know

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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