Diamondback Energy (NASDAQ:FANG) Stock, Quote.Headers.trade-ideas

Diamondback Energy

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.

Growing Energy Demands

Opinion

Trading Ideas

BEPC

FANG

4 energy stocks to watch for 2025: Diamondback Energy, Brookfield Renewable Partners, NextEra Energy, and Energy Transfer. Diversify and consider strong fundamentals, dividends, and demand.

4 Energy Stocks to Buy for 2025

Jim Cramer: questo titolo è un affare da non lasciarsi scappare

Long Ideas

News

Markets

Media

CPRT

On the latest &#34;Mad Money Lightning Round,&#34; Jim Cramer looks at BHP Group, Diamondback Energy, AMC and Copart.

Jim Cramer: Copart Is &#39;Remarkable,&#39; BHP Is &#39;Well-Run,&#39; Buy This Energy Stock

Wall Street

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Equities

Large Cap

Macro Economic Events

Bonds

Broad U.S. Equity ETFs

Commodities

Politics

Economics

Tech

ETFs

$BTC

$DOGE

SPDR Dow Jones Industrial Average ETF Trust

ILMN

NXPI

PLTR

TRGP

VRTX

Select Sector SPDR-Consumer Discretionary

YUMC

Wall Street rallied on Tuesday as improved investor sentiment aligned with millions of Americans casting their votes for the 47th president.

Wall Street Rallies On Election Day, Palantir Skyrockets, Bitcoin Tops $70,000: What&#39;s Driving Markets Tuesday?

Diamondback Energy Inc

FANG HOLDINGS LTD ADR by Fang Holdings Limited

Fang Holdings Ltd

Fangdd Network Group Ltd. - Class A Ordinary Shares

Fangdd Network Group Ltd

Analyst Ratings

Live On CNBC, Stephanie Link Announces Sold Diamondback Energy

It was reported on December 9, that Travis D Stice, Chief Executive Officer at Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) executed a significant insider sell, according to an SEC filing.
What Happened: Stice's recent move involves selling 3,000 shares of Diamondback Energy. This information is documented in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001539838/000153983824000214//Archives/edgar/data/1539838/000153983824000214/0001539838-24-000214-index.htm">U.S. Securities and Exchange Commission</a> on Monday. The total value is $517,536.
During Tuesday's morning session, Diamondback Energy shares up by 0.14%, currently priced at $167.35.
<h3>Delving into Diamondback Energy's Background</h3>
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.
<h3>Diamondback Energy: A Financial Overview</h3>
Revenue Growth: Diamondback Energy's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 13.03%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Energy sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 40.0%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Diamondback Energy's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 3.19.
</li>
</ul>
Debt Management: Diamondback Energy's debt-to-equity ratio is below the industry average. With a ratio of 0.35, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Insights into Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 9.64 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 3.23 is above industry norms, reflecting an elevated valuation for Diamondback Energy's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Diamondback Energy's EV/EBITDA ratio of 9.19 exceeds industry averages, indicating a premium valuation in the market
</li>
</ul>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Impact of Insider Transactions on Investments</h3>
Insider transactions, although significant, should be considered within the larger context of market analysis and trends.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates grant, award or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001539838">Check Out The Full List Of Diamondback Energy's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Diamondback Energy Chief Executive Officer Sold $517K In Company Stock

UBS analyst Josh Silverstein maintains Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) with a Buy and lowers the price target from $235 to $212.

Price Target

UBS Maintains Buy on Diamondback Energy, Lowers Price Target to $212

Energy independence has always been crucial to national security, and that has become even more highlighted in the wake of Russia's invasion of Ukraine and the ongoing fighting in the Middle East.
While energy prices in the United States have moderated in the last few years, energy independence remains a bipartisan political issue, and U.S. domestic oil production is currently at <a href="https://www.eia.gov/todayinenergy/detail.php?id=61545">all-time highs</a>.
But despite these gains in energy production, the sector hasn't reaped the benefits in 2024. The SPDR Energy Select ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) is up just 10% year-to-date compared to a 28% gain from the S&amp;P 500.&nbsp;
President-elect Donald Trump has promised to cut regulations to help oil and gas companies, and renewable energy companies continue to make strides toward lowering costs and expanding market share.
Today, we look at four energy stocks that could break the sector out of its doldrums in 2025.
<h2 class="wp-block-heading">How We Chose</h2>
If you're looking for explosive growth in the energy sector similar to tech, you'll likely be left disappointed. The energy sector is highly dependent on factors beyond the control of companies and governments, such as locating potential patches, equipment and production costs, and OPEC machinations.&nbsp;
The energy stocks we selected share a few common factors: strong balance sheets with income growth and low costs, a sustainable dividend, and solid demand for their products and services. These companies also have strategies to manage volatile commodity prices and unpredictable markets. It&#8217;s also wise for investors to diversify across industries, so we've included traditional oil and gas, renewables, and storage firms in our list.
<h2 class="wp-block-heading">Top 4 Energy Stocks for 2025</h2>
Here are the four stocks we picked for next year based on the abovementioned factors. We attempted to diversify across the sector with companies in different industries while keeping the core themes of sound fundamentals, dividend yield, and promising business outlook.
<h3 class="wp-block-heading">Diamondback Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>)</h3>
Owner of one of the best stock tickers on the exchanges, Diamondback Energy is an oil and gas mining company that also claims over 4,000 acres of valuable land in Texas's oil-rich Permian Basin. Founded in 2007 and trading publicly since 2012, Diamondback has been a prolific acquirer of companies. In September, the company completed a <a href="https://www.diamondbackenergy.com/news-releases/news-release-details/diamondback-energy-inc-closes-merger-endeavor-energy-resources">$50 billion merger</a> with Endeavor, and this trend could continue with a more M/A-friendly administration taking the White House next January.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="1365" height="490" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/09143619/Fang.png" alt="" class="wp-image-683906" style="width:890px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/09143619/Fang.png 1365w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/09143619/Fang-300x108.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/09143619/Fang-1024x368.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/09143619/Fang-768x276.png 768w" sizes="(max-width: 1365px) 100vw, 1365px" /></figure>
FANG shares have given up most of their 2024 gains in the last six months, but the stock appears to have found support at the current $165 level. The stock also has all the features you want in an oil and gas company: steady dividends, quality management, and access to valuable reserves. The stock's dividend yield is 2.16% with a nearly 30% growth rate over the last three years, but the payout ratio remains just 20.6%, indicating a growing but stable dividend. FANG also has a reasonable P/E ratio of 9.96 and shows 34 on a Relative Strength Index (RSI), indicating that the stock could be approaching oversold status.
<h3 class="wp-block-heading">ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>)</h3>
ConocoPhillips is one of the world&#8217;s largest oil and gas companies, a remainder from the initial split of Standard Oil almost 100 years ago. It is headquartered in the United States but has operations expanding around the globe. Like most large-cap stocks in the energy sector, it had a rough performance in 2024 (it's basically traded flat for two years), but the stock is also poised to bounce back thanks to its LNG pipelines and expanding cash flows.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="368" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/09143627/unnamed-9-1024x368.png" alt="" class="wp-image-683907" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/09143627/unnamed-9-1024x368.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/09143627/unnamed-9-300x108.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/09143627/unnamed-9-768x276.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/09143627/unnamed-9.png 1365w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
President-elect Donald Trump has promised to cut regulations and be more friendly to LNG projects than President Biden, which could finally boost ConocoPhillips from its seemingly endless bout of rangebound trading. The stock has a low P/E (12.39), a high-yielding dividend (2.99%), and support from analysts like JPMorgan, which recently made it one of its more <a href="https://www.benzinga.com/24/12/42346110/oil-vs-gas-which-is-better-positioned-for-2025-analyst-upgrades-conocophillips-downgrades-these-3-energy-stocks">prominent upgrades</a>. Overall, COP is a consensus Buy based on an aggregate of 27 different analyst ratings with an average price target of $135, which implies more than 30% upside from the current market price.
December 15th is your last chance: Study proven patterns, learn precise entries, and analyze past winners up to +1,452%. <a href="https://bzresearch.myclickfunnels.com/earnings-gaps-masterclass-registration/?utm_source=WebRD-1209">SAVE MY FREE SPOT</a>
<h3 class="wp-block-heading">Brookfield Renewable Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BEPC#NASDAQ">BEPC</a>)</h3>
Despite Trump's promises to roll back federal EV mandates and general ambivalence to clean energy, renewables growth is likely here to stay. Brookfield Renewable Corp is one company to consider based on this trend, with divisions in the United States, Europe, and South America.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="366" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/09143635/unnamed-10-1024x366.png" alt="" class="wp-image-683908" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/09143635/unnamed-10-1024x366.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/09143635/unnamed-10-300x107.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/09143635/unnamed-10-768x274.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/09143635/unnamed-10.png 1364w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Unlike many of its clean energy peers, BEPC stock pays a dividend with a robust 4.65% yield. The company has a relatively small market cap, approaching $5.5 billion, and coverage is only from two major analysts: JP Morgan (Hold) and Wells Fargo (Buy). However, both investment banks think the stock has an upside based on their price targets ($32 for JPMorgan and $34 for Wells Fargo). The chart also looks appealing; after a three-year downtrend in price, a double-bottom pattern formed between the October 2023 and April 2024 lows, with a breakout occurring shortly after the second bottom. Keep an eye on this stock chart over the next 12 months.
<h3 class="wp-block-heading">GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>)</h3>
GE Vernova was spun out of General Electric when the firm decided to split its business divisions into their own companies. Formerly GE Power and GE Renewables, GE Vernova began trading as a public company in 2023 and has been one of the few bright spots for the energy sector in 2024. GE Vernova currently operates in four segments: Power, Wind, Electrification Systems, and Electrification Software. The company recently <a href="https://www.bloomberg.com/news/articles/2024-12-04/ge-vernova-consortium-wins-350-million-french-power-grid-order">received a large contract</a> from the French government to build a $338 million power substation, and another <a href="https://transformers-magazine.com/tm-news/ge-vernova-to-provide-grid-stabilizing-tech-for-50hertz/">contract bid in Germany</a> to help stabilize the power grid.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="366" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/09143639/Gev-1024x366.png" alt="" class="wp-image-683909" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/09143639/Gev-1024x366.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/09143639/Gev-300x107.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/09143639/Gev-768x274.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/09143639/Gev.png 1364w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Analysts have long favored the stock, but even after more than doubling up in 2024, bullish reports continue to pour in. The three most recent reports come from Wolfe Research, Guggenheim, and Barclays, and each applied a Buy rating on the stock with respective price targets of $403, $400, and $420. From a technical standpoint, the stock trades well above its 50- and 200-day moving averages and reads 61 on the RSI, which indicates the stock still hasn't reached oversold status. GEV doesn't pay a dividend, but its sales growth trajectory and bounty of public projects make it a difficult energy stock to ignore heading into 2025.
<a href="https://bzresearch.myclickfunnels.com/earnings-gaps-masterclass-registration/?utm_source=WebRD-1209">Prepare Now for 2025's Biggest Q1 Trade</a>
Image via Wikimedia Commons

WIIM

Shares of oil and gas companies are trading lower following reports suggesting an Israel-Hezbollah ceasefire.

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer recommended buying BHP Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>), adding that it's a &#8220;very <a href="https://www.benzinga.com/24/11/42084529/bhp-unveils-14-billion-capex-for-chilean-copper-operations">well-run&#8221; company.</a>
On Nov. 20, BHP announced plans to invest up to $14 billion to enhance its copper production in Chile, as revealed during a three-day site tour of its operations. This substantial capital expenditure aims to secure the long-term future of its assets in the region and support the growing global demand for copper.
Cramer said Diamondback Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) is a buy.
On Nov. 4, Diamondback Energy reported quarterly earnings of $3.38 per share, which missed the analyst consensus estimate of $3.99 per share. The company reported quarterly sales of $2.65 billion which beat the analyst consensus estimate of $2.44 billion.
When asked about AMC Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>), he said, &#8220;If it gets to six, I want you to sell it. Period. End of story.&#8221;
On Nov. 12, the company disclosed a debt retirement move in a SEC filing. The company said it entered into a series of privately negotiated agreements to retire $24.22 million in unsecured debt through 5.75% subordinated notes due 2025 <a href="https://www.benzinga.com/trading-ideas/movers/24/11/41952040/amc-entertainment-shares-are-on-the-rise-today-whats-going-on">between Nov. 8 and Nov. 12</a>.
Copart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) is a &#8220;remarkable&#8221; company, Cramer said. &#8220;I need to see a pullback in Copart.&#8221;
On Nov. 21, Copart reported better-than-expected sales results for the first quarter.
Price Action:
<ul>
<li>BHP Group shares gained 0.7% to settle at $52.36 on Friday.</li>
<li>Diamondback Energy shares gained 1.4% to close at $185.29.</li>
<li>AMC Entertainment shares gained 1.3% to close at $4.55.</li>
<li>Copart shares jumped 10.2% to settle at $62.70 during the session.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42137942/jim-cramer-says-this-stock-is-a-bitcoin-play-and-he-prefers-to-own-bitcoin">Jim Cramer Says This Stock Is A Bitcoin Play And He Prefers To Own Bitcoin</a></li>
</ul>

Jim Cramer: Copart Is 'Remarkable,' BHP Is 'Well-Run,' Buy This Energy Stock

Investors with a lot of money to spend have taken a bullish stance on Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with FANG, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 19 options trades for Diamondback Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 89% bullish and 5%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $28,200, and 18, calls, for a total amount of $626,310.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $182.49 to $208.56 for Diamondback Energy over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Diamondback Energy's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Diamondback Energy's whale activity within a strike price range from $182.49 to $208.56 in the last 30 days. 
<h3>Diamondback Energy Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732046450_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>FANG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$18.4</td>
<td>$16.8</td>
<td>$18.3</td>
<td>$182.49</td>
<td>$64.0K</td>
<td align="right">16</td>
<td align="right">35</td>
</tr>
<tr>
<td>FANG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$11.4</td>
<td>$10.9</td>
<td>$11.2</td>
<td>$185.00</td>
<td>$44.8K</td>
<td align="right">17</td>
<td align="right">327</td>
</tr>
<tr>
<td>FANG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$11.4</td>
<td>$10.9</td>
<td>$11.2</td>
<td>$185.00</td>
<td>$40.3K</td>
<td align="right">17</td>
<td align="right">287</td>
</tr>
<tr>
<td>FANG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$11.3</td>
<td>$10.8</td>
<td>$11.1</td>
<td>$185.00</td>
<td>$39.9K</td>
<td align="right">17</td>
<td align="right">388</td>
</tr>
<tr>
<td>FANG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$11.3</td>
<td>$10.8</td>
<td>$11.1</td>
<td>$185.00</td>
<td>$39.9K</td>
<td align="right">17</td>
<td align="right">232</td>
</tr>
</tbody>
</table>

<h3>About Diamondback Energy</h3>
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.
After a thorough review of the options trading surrounding Diamondback Energy, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Diamondback Energy</h3>
<ul>
<li>With a volume of 829,166, the price of FANG is down -0.83% at $180.39. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 91 days.</li>
</ul>
<h3>What The Experts Say On Diamondback Energy</h3>
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $214.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Reflecting concerns, an analyst from Benchmark lowers its rating to Buy with a new price target of $195. 
&#x2A; An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $210. 
&#x2A; Consistent in their evaluation, an analyst from Raymond James keeps a Strong Buy rating on Diamondback Energy with a target price of $237. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Diamondback Energy, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

What the Options Market Tells Us About Diamondback Energy

In the preceding three months, 21 analysts have released ratings for Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>), presenting a wide array of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">6</td>
<td align="right">14</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">3</td>
<td align="right">10</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $215.67, a high estimate of $252.00, and a low estimate of $182.00. A 2.78% drop is evident in the current average compared to the previous average price target of $221.84. 
<img src="https://www.benzinga.com/files/images/story/2024/1732028490_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
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.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Freeman</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Strong Buy</td>
<td>$237.00</td>
<td>$232.00</td>
</tr>
<tr>
<td>Scott Hanold</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$210.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Subash Chandra</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$195.00</td>
<td>$195.00</td>
</tr>
<tr>
<td>Roger Read</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$218.00</td>
<td>$219.00</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$233.00</td>
<td>$237.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$230.00</td>
<td>$220.00</td>
</tr>
<tr>
<td>Tim Rezvan</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$216.00</td>
<td>$225.00</td>
</tr>
<tr>
<td>Mark Lear</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$252.00</td>
<td>$240.00</td>
</tr>
<tr>
<td>Paul Cheng</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Outperform</td>
<td>$225.00</td>
<td>$245.00</td>
</tr>
<tr>
<td>Phillip Jungwirth</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$215.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>Subash Chandra</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$195.00</td>
<td>$154.00</td>
</tr>
<tr>
<td>Betty Jiang</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$210.00</td>
<td>$216.00</td>
</tr>
<tr>
<td>Arun Jayaram</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Overweight</td>
<td>$182.00</td>
<td>-</td>
</tr>
<tr>
<td>Roger Read</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$219.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>Stephen Richardson</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$209.00</td>
<td>$235.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$220.00</td>
<td>$255.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$223.00</td>
<td>$247.00</td>
</tr>
<tr>
<td>Scott Hanold</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$220.00</td>
<td>$220.00</td>
</tr>
<tr>
<td>Devin McDermott</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$198.00</td>
<td>$185.00</td>
</tr>
<tr>
<td>Lloyd Byrne</td>
<td>Jefferies</td>
<td>Announces</td>
<td>Hold</td>
<td>$185.00</td>
<td>-</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$237.00</td>
<td>$245.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>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.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Diamondback Energy compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Diamondback Energy's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
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.
<a href="https://www.benzinga.com/quote/FANG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Diamondback Energy analyst ratings.</a>
<h2>Discovering Diamondback Energy: A Closer Look</h2>
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.
<h3>Diamondback Energy's Economic Impact: An Analysis</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Diamondback Energy's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 13.03%. This indicates a substantial increase in the company's 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 24.91%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Diamondback Energy's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.4%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Diamondback Energy's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 1.3%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Diamondback Energy's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.35.
<h2>The Basics of Analyst Ratings</h2>
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.
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.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Beyond The Numbers: 21 Analysts Discuss Diamondback Energy Stock

It was reported on November 14, that Mark L. Plaumann, Director at Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) executed a significant insider sell, according to an SEC filing.
What Happened: Plaumann's decision to sell 1,390 shares of Diamondback Energy was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001539838/000153983824000206//Archives/edgar/data/1539838/000153983824000206/0001539838-24-000206-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The total value of the sale is $251,590.
In the Friday's morning session, Diamondback Energy's shares are currently trading at $182.28, experiencing a down of 0.08%.
<h3>Unveiling the Story Behind Diamondback Energy</h3>
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.
<h3>Diamondback Energy: Financial Performance Dissected</h3>
Revenue Growth: Over the 3 months period, Diamondback Energy showcased positive performance, achieving a revenue growth rate of 13.03% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Energy sector, the company excelled with a growth rate higher than the average among peers.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: With a low gross margin of 40.0%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Diamondback Energy's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 3.19.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.35, Diamondback Energy adopts a prudent financial strategy, indicating a balanced approach to debt management.
Financial Valuation Breakdown:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 10.53 is lower than the industry average, implying a discounted valuation for Diamondback Energy's stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 3.52 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 9.85 reflects market recognition of Diamondback Energy's value, positioning it as more highly valued compared to industry peers.
</li>
</ul>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Uncovering the Importance of Insider Activity</h3>
Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Breaking Down the Significance of Transaction Codes</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001539838">Check Out The Full List Of Diamondback Energy's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Diamondback Energy Director Sold $251K In Company Stock

Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) has outperformed the market over the past 5 years by 4.82% on an annualized basis producing an average annual return of 18.67%. Currently, Diamondback Energy has a market capitalization of $53.66 billion. 
Buying $100 In FANG: If an investor had bought $100 of FANG stock 5 years ago, it would be worth $239.15 today based on a price of $183.29 for FANG at the time of writing.
<h3>Diamondback Energy's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730989829_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Diamondback Energy 5 Years Ago Would Be Worth This Much Today

CSAN

KLXE

NCSM

NINE

PUMP

RCON

Shares of oil and gas companies are trading higher After Donald Trump wins the 2024 presidential election.

Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) has been analyzed by 25 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">17</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $218.96, along with a high estimate of $252.00 and a low estimate of $182.00. Observing a downward trend, the current average is 2.87% lower than the prior average price target of $225.43. 
<img src="https://www.benzinga.com/files/images/story/2024/1730912446_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Diamondback Energy. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Scott Hanold</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$210.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Subash Chandra</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$195.00</td>
<td>$195.00</td>
</tr>
<tr>
<td>Roger Read</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$218.00</td>
<td>$219.00</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$233.00</td>
<td>$237.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$230.00</td>
<td>$220.00</td>
</tr>
<tr>
<td>Tim Rezvan</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$216.00</td>
<td>$225.00</td>
</tr>
<tr>
<td>Mark Lear</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$252.00</td>
<td>$240.00</td>
</tr>
<tr>
<td>Paul Cheng</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Outperform</td>
<td>$225.00</td>
<td>$245.00</td>
</tr>
<tr>
<td>Phillip Jungwirth</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$215.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>Subash Chandra</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$195.00</td>
<td>$154.00</td>
</tr>
<tr>
<td>Betty Jiang</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$210.00</td>
<td>$216.00</td>
</tr>
<tr>
<td>Arun Jayaram</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Overweight</td>
<td>$182.00</td>
<td>-</td>
</tr>
<tr>
<td>Roger Read</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$219.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>Stephen Richardson</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$209.00</td>
<td>$235.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$220.00</td>
<td>$255.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$223.00</td>
<td>$247.00</td>
</tr>
<tr>
<td>Scott Hanold</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$220.00</td>
<td>$220.00</td>
</tr>
<tr>
<td>Devin McDermott</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$198.00</td>
<td>$185.00</td>
</tr>
<tr>
<td>Lloyd Byrne</td>
<td>Jefferies</td>
<td>Announces</td>
<td>Hold</td>
<td>$185.00</td>
<td>-</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$237.00</td>
<td>$245.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$247.00</td>
<td>$245.00</td>
</tr>
<tr>
<td>Mark Lear</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$240.00</td>
<td>$249.00</td>
</tr>
<tr>
<td>Roger Read</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$230.00</td>
<td>$231.00</td>
</tr>
<tr>
<td>Scott Hanold</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$220.00</td>
<td>$220.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$245.00</td>
<td>$257.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Diamondback Energy. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>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.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Diamondback Energy's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Diamondback Energy's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/FANG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Diamondback Energy analyst ratings.</a>
<h2>About Diamondback Energy</h2>
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.
<h3>Diamondback Energy: Delving into Financials</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Diamondback Energy's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 6.57%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Diamondback Energy's net margin is impressive, surpassing industry averages. With a net margin of 24.91%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Diamondback Energy's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 2.4%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Diamondback Energy's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 1.3%, the company may face hurdles in achieving optimal financial performance.
Debt Management: With a below-average debt-to-equity ratio of 0.35, Diamondback Energy adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>What Are Analyst Ratings?</h2>
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.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 25 Analyst Projections For Diamondback Energy

RBC Capital analyst Scott Hanold reiterates Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) with a Outperform and maintains $210 price target.

Reiteration

RBC Capital Reiterates Outperform on Diamondback Energy, Maintains $210 Price Target

Diamondback Energy shares are trading lower after the company reported worse-than-expected Q3 adjusted EPS results.

Wall Street rallied on Tuesday as improved investor sentiment aligned with millions of Americans casting their votes <a href="https://www.benzinga.com/topic/2024-election">for the 47th president.</a>
Betting markets leaned slightly toward Donald Trump, with CFTC-regulated Kalshi placing Trump's win probability at 56% compared to Kamala Harris's 44%.
National polls show a close contest, with the latest New York Times/Siena College poll indicating both candidates tied at 48% in the popular vote.
The S&amp;P 500 climbed 1.2%, while the tech-focused Nasdaq 100 surged 1.5%, marking its strongest one-day increase in nearly a month. 
All 11 sectors of the S&amp;P 500 experienced gains, with consumer discretionary stocks outperforming. Small caps also joined the rally, with the Russell 2000 index gaining 1.1%.
Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) led the S&amp;P 500, with shares soaring after the artificial intelligence company surpassed quarterly earnings estimates and provided strong guidance.
In macroeconomic news, U.S. services sector activity hit over two-year highs <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41750522/us-services-sector-gauge-rises-more-than-expected-to-over-2-year-highs-as-employm">in October, outperforming expectations</a>.
Treasury yields increased by 5 basis points, while the dollar declined for a second consecutive session.
Gold edged up 0.3%, hovering near record highs, and oil prices gained 1.2% after a 3.2% surge on Monday.
Crypto sentiment was strong as well, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) jumping 4.5% to over $70,000 and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) spiking 12%.
Read also: <a href="https://www.benzinga.com/markets/24/11/41741466/if-trump-and-republicans-sweep-dollar-may-climb-7-but-harris-win-could-bring-5-drop-says-jpmorgan">If Trump And Republicans Sweep, Dollar May Climb 7% — But Harris Win Could Bring 5% Drop, Says JPMorgan</a>
<h3 class="wp-block-heading">Tuesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,259.62</td>
<td>1.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,779.38</td>
<td>1.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,244.40</td>
<td>1.1%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,191.93</td>
<td>1.0%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:30 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent110424&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 1.1% to $575.87.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.9% to $421.79.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) soared 1.4% to $492.61.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 1.1% to $222.47.</li>
<li>The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, rising 1.7%. The Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, up 0.4%.</li>
</ul>
<h3 class="wp-block-heading">Monday&#8217;s Stock Movers</h3>
Stocks reacting to earnings reports included: 
<ul>
<li>Vertex Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>), up 4.8%</li>
<li>Palantir Technologies Inc., up 22.8%</li>
<li>NXP Semiconductors NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>), down 6.8%</li>
<li>Diamondback Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>), down 1.6%</li>
<li>American International Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>), down 2.3%</li>
<li>Illumina Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>), down 0.5%</li>
<li>Apollo Global Management Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>), up 6.2%</li>
<li>Emerson Electric Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>), up 6.8%, </li>
<li>Marathon Petroleum Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>), up 3.9%, </li>
<li>Cummins Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMI#NYSE">CMI</a>), up 8.8%, </li>
<li>Targa Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRGP#NYSE">TRGP</a>), 4.7%,</li>
<li>YUM! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>), up 2.5%, </li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41746843/bond-market-fear-gauge-soars-to-1-year-high-ahead-of-us-election-results-bond-vigil">Bond Market Fear Gauge Soars To 1-Year High Ahead Of US Election Results: &#8216;Bond Vigilantes Have Been Voting Early&#8217;</a></li>
</ul>
Photo via Shutterstock.

Wall Street Rallies On Election Day, Palantir Skyrockets, Bitcoin Tops $70,000: What's Driving Markets Tuesday?

This includes a minor contribution from Viper's closed acquisition of Tumbleweed. It also shows it expects to hit pro forma production expectations sooner than originally expected.

Guidance

Diamondback Expects To Produce 470 - 475 MBO/d (840 - 850 MBOE/d) Oil During Q4

Diamondback Energy Updates Production And Capital Guidance For  Full Year 2024 To Give Effect To Endeavor Merger

Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) reported quarterly earnings of $3.38 per share which missed the analyst consensus estimate of $3.99 by 15.29 percent. The company reported quarterly sales of $2.65 billion which beat the analyst consensus estimate of $2.44 billion by 8.33 percent. This is a 13.03 percent increase over sales of $2.34 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Diamondback Energy Q3 2024 Adj EPS $3.38 Misses $3.99 Estimate, Sales $2.65B Beat $2.44B Estimate

The U.S. stock market struggled to gain momentum on Monday as investors remained cautious ahead of <a href="https://www.benzinga.com/topic/election-day">Election Day on Tuesday</a>. 
Vice President Kamala Harris holds a 1-point lead over ex-President Donald Trump, according to the New York Times national polling average; she has a 4-point lead among likely voters nationally, <a href="https://maristpoll.marist.edu/polls/u-s-presidential-contest-november-2024/">according to the latest PBS News/NPR/Marist poll</a>.
Betting markets, as tracked by the CFTC-regulated Kalshi, favor a Trump win at a 53% chance, <a href="https://www.benzinga.com/general/politics/24/11/41702729/harris-surges-in-prediction-markets-nabs-kalshi-lead-with-just-three-days-to-go">but with diminishing odds</a> compared to previous weeks. Also, the betting odds are susceptible to wild swings from so-called "whale" bettors, including one individual on Polymarket <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41463756/polymarket-to-review-user-base-in-light-of-whales-betting-millions-on-trump-election-win" target="_blank" rel="noreferrer noopener">who spent as much as</a> $43 million on a Trump victory.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41717129/polymarkets-all-time-leading-trader-bets-over-500-000-on-kamala-harris-slams-nate-silver-f">Polymarket&#8217;s All-Time Leading Trader Bets Over $500,000 On Kamala Harris, Slams Nate Silver For Including &#8216;Fake Poll&#8217; Data In Model</a>
&#8220;Neither candidate holds a meaningful edge in enough states to win 270 electoral votes. In the history of modern polling, there's never been a race where the final polls showed such a close contest,&#8221; said Nate Cohn, chief political analyst for the New York Times. 
The S&amp;P 500 slipped 0.2%, while the Dow dropped 0.6%, hitting its lowest intraday level since mid-September. In contrast, small-cap stocks in the Russell 2000 outperformed, rising 1%. The Nasdaq 100 also retreated, dipping below the 20,000 mark.
Treasury yields fell by nearly 10 basis points as investors scaled back positions linked to Trump&#8217;s inflationary policies, such as high tariffs and more expansionary fiscal measures. The dollar also weakened, down 0.5%.
The increasing likelihood of a Harris victory gave a boost to solar and renewable energy stocks, with the Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) climbing 3.6%. 
Oil and gas stocks also gained, as crude prices surged 3% after OPEC+ postponed an anticipated production hike. Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) jumped 3%, marking its largest single-day gain since late June.
Gold held steady at $2,740, while Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell over 1%, dropping below $68,000.
<h3 class="wp-block-heading">Monday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,230.95</td>
<td>1.0%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,715.31</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,978.22</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>41,807.92</td>
<td>-0.6%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:45 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent110424&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.1% to $570.22.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;fell 0.5% to $418.44.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.2% to $486.77.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 1.1% to $221.27.</li>
<li>The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, rising 1.7%. The Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, down 1.5%.</li>
</ul>
<h3 class="wp-block-heading">Monday&#8217;s Stock Movers</h3>
Stocks reacting to earnings reports included: 
<ul>
<li>Zoetis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTS#NYSE">ZTS</a>), down 3.9%, </li>
<li>Constellation Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NYSE">CEG</a>), down 10.5%, </li>
<li>Marriott International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>), down 1.8%, </li>
<li>Fidelity National Information Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>), down 0.4%, </li>
<li>Public Service Enterprise Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEG#NYSE">PEG</a>), down 5.9%, </li>
<li>TPG Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPG#NASDAQ">TPG</a>), down 5.5%. </li>
<li>Fox Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>), up 3.7%, </li>
<li>YUM China Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>), up 7.9%, </li>
<li>Loews Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/L#NYSE">L</a>), down 4.8%, </li>
</ul>
Stocks slated to report earnings after the close are Vertex Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>), Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), NXP Semiconductors NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>), Diamondback Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>), American International Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>), Illumina Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>), Hologic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLX#NASDAQ">HOLX</a>) and Astera Labs Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>).
Now Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41702887/harris-takes-lead-in-red-state-iowa-in-shock-poll">Harris Takes Lead In Red State Iowa In Shock Poll</a></li>
</ul>
Image: Shutterstock

Mid Cap

ALAB

HOLX

Wall Street Struggles Ahead Of Election Day, Energy Sector Outperforms, Solar Stocks Rise: What's Driving Markets Monday?

The stock market indexes have enjoyed record highs in recent years with the S&amp;P 500 outperforming other years with President Joe Biden leading the country for the last <a href="https://www.benzinga.com/general/education/24/02/37275812/if-you-invested-in-the-s-p-500-when-joe-biden-became-president-heres-how-much-youd-have-today">nearly four years.</a>
With the 2024 presidential election nearing, here's a look back at the top performing S&amp;P 500 stocks in 2021, which was Biden's first year in the White House.
What Happened: Biden stepped down from <a href="https://www.benzinga.com/topic/2024-election">the 2024 presidential election </a>earlier this year. While the current president won't be re-elected to the White House, past performance with a Democrat as president could highlight which stocks and sectors could be winners if Kamala Harris is victorious in Tuesday's election.
The S&amp;P 500, which is tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was up 26.9% in 2021. This marked the best yearly performance since 2018 and the second-best performance for the key stock market index in the last 11 years.
The 12 months following Election Day 2020, which was won by Biden, <a href="https://www.benzinga.com/news/22/01/25137004/biden-vs-trump-how-did-stock-market-returns-compare-after-their-first-year-as-president">saw the S&amp;P 500 gain 37.4%.</a> This was the best one-year market return under a president in many years.
Here were the 10 best-performing S&amp;P 500 stocks in 2021, according to a <a href="https://finance.yahoo.com/news/top-10-best-performing-stocks-190949855.html">report </a>from InvestorPlace, and their sectors.
<ol>
<li>Devon Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>): 196.1%, energy</li>
<li>Marathon Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>): 149.7%, energy</li>
<li>Moderna (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>): 143.1%, health care/biotech</li>
<li>Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>): 142.0%, technology/cybersecurity</li>
<li>Signature Bank (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SBNY#OTC">SBNY</a>): 141.5%, financials</li>
<li>Ford (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>): 137.5%, automotive</li>
<li>Bath &amp; Body Works (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>): 133.7%, consumer discretionary/retail</li>
<li>Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>): 127.4%, energy</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>): 125.5%, technology/semiconductors</li>
<li>Nucor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>): 118.4%, industrials</li>
</ol>
The results above show that energy was a top sector in 2021 and represented several of the top-performing stocks for the year. Technology also had several companies on the list.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent103124">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: Click through <a href="https://www.benzinga.com/general/politics/24/10/41584466/these-10-stocks-were-the-best-s-p-500-performers-in-2017-when-trump-was-president-will-history-r">to see the 10 best</a> and <a href="https://www.benzinga.com/general/politics/24/10/41606114/10-s-p-500-stocks-were-worst-performers-in-first-year-of-trumps-presidency-will-they-sink-again">10 worst-performing</a> S&amp;P 500 stocks of 2017, Donald Trump's first year in the White House.
The list above included Nvidia, which was also a top 10 winner in 2017, during Donald Trump's first year in the White House.
<a href="https://www.benzinga.com/topic/signature-bank" target="_blank" rel="noopener">Signature Bank</a>, which was the third-largest bank failure in U.S. history, was a top performer in 2017.
Investors should consider whether these past results could repeat if Harris is elected and begins her presidential term in 2025. Energy isn't often thought of as a segment that could do well under a Democratic president, but past results show that the sector could do well, at least in the first year.
Coincidentally, energy was cited as a potential poor sector if Trump wins the 2024 election based on the 2017 results. What likely happened in 2017, and what could happen again, is a run-up in stocks during the election year and a potential selloff in the year after as investors take profits.
With less than one week until the 2024 election, investors are likely positioning their portfolio based on a Trump or&nbsp;Harris&nbsp;victory in some regards. With a close election predicted, investors may want to look to sectors that could benefit under either candidate.
Freedom Capital Markets&nbsp;Chief Global Strategist&nbsp;Jay Woods&nbsp;previously<a href="https://www.benzinga.com/etfs/sector-etfs/24/08/40515453/exclusive-trump-or-harris-12-stocks-2-etfs-could-win-no-matter-whos-president-says-market-strate" target="_blank" rel="noreferrer noopener">&nbsp;shared some sectors&nbsp;</a>and stocks to watch with Benzinga that could benefit regardless of whether Trump or Harris wins the 2024 election.
Woods named defense stocks and cybersecurity stocks as two of the top sectors to watch ahead of the 2024 election.
&#8220;I think you&#8217;ve got to watch this sector closely,&#8221; Woods said of the defense sector.
Woods added that defense stocks could continue to benefit from geopolitical concerns and the world's many adverse events.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/sports-betting/24/10/41589659/trump-vs-harris-state-by-state-2024-election-betting-odds-which-candidate-is-favored-to-wi">Trump Vs. Harris: State-By-State 2024 Election Betting Odds, Which Candidate Is Favored To Win In Your Community?</a></li>
</ul>
Photo: Shutterstock

Education

General

BBWI

FTNT

MRNA

NVDA

SBNY

These 10 Stocks Were S&P 500's Top Performers In Biden's First Year: Could Trend Continue If Harris Wins 2024 Election?

Diamond Hill Large Cap Strategy Fund Q3 2024 Market Commentary

Diamond Hill Large Cap Concentrated Strategy Fund Q3 2024 Market Commentary

Goldman Sachs resumed coverage of Diamondback Energy (FANG) with a Buy rating and $227 price target implying 28% upside to current levels. The comp...

Diamondback Energy resumed with a Buy at Goldman Sachs

4-Factor Dividend Growth Portfolio: FY3 Starts Out With A Gain But Slower Than Prior Years

Columbia Flexible Capital Income Fund Q3 2024 Commentary

BNY Mellon Dynamic Value Fund Q3 2024 Commentary

Red, White, And Wealth: Building An All-American Dividend Portfolio

UBS analyst Josh Silverstein raised the firm's price target on Diamondback Energy (FANG) to $235 from $212 and keeps a Buy rating on the shares. Th...

Diamondback Energy price target raised to $235 from $212 at UBS

BNY Mellon Natural Resources Fund Q3 2024 Commentary

UBS lowered the firm's price target on Diamondback Energy (FANG) to $212 from $235 and keeps a Buy rating on the shares. The firm sees "a mixed out...

Diamondback Energy price target lowered to $212 from $235 at UBS

ABEV

AMZN

ASML

BKAG

BKCI

BKEM

BKGI

BKHY

BKIE

BKLC

BKMC

BKSE

BKUI

BLDR

CSCCF

CSCO

CTAS

DHIL

GOOGL

INFY

KVUE

LPLA

LRCX

MPWR

MSCI

ODFL

PAYX

RKLB

SBAC

SCHD

VNOM

Press Releases

Diamondback Energy, Kinetik Holdings and EPIC Midstream Announce Transformative Transactions for EPIC Crude

Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Schedules Third Quarter 2024 Conference Call for November 5, 2024

Diamondback Energy, Inc. Schedules Third Quarter 2024 Conference Call for November 5, 2024

Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Announces Closing of Acquisition

Diamondback Energy, Inc. Announces Revised Third Quarter Production and Capital Guidance

Texas Pacific Land Corporation Acquires Permian Oil and Gas Mineral and Royalty Interests in Cash Transaction

EPIC Crude Completes Issuance of New $1,200 Million Senior Secured Term Loan B

Viper Energy, Inc.,  a Subsidiary of Diamondback Energy, Inc., Reports Third Quarter 2024 Financial and Operating Results

Diamondback Energy, Inc. Announces Third Quarter 2024 Financial and Operating Results

Letter to Stockholders Issued By Diamondback Energy, Inc.

ARES

KNTK

Antero Resources Corporation Common Stock

Antero Resources

Chord Energy

Civitas Resources

CNX Resources

ConocoPhillips

California Resources Corporation Common Stock

California Resources

Comstock Resources

Coterra Energy

Devon Energy

EOG Resources

Expand Energy

Hess

Magnolia Oil & Gas Corporation Class A Common Stock

Magnolia Oil & Gas

Matador Resources

Murphy Oil

Ovintiv

Permian Resources Corporation Class A Common Stock

Permian Resources

Range Resources

SM Energy

Texas Pacific Land Corporation Common Stock

Texas Pacific Land

Vista Energy S.A.B. de C.V. American Depositary Shares, each representing one series A share, with no par value

Vista Energy

Viper Energy, Inc. - Class A Common Stock

Viper Energy

Woodside Energy Group Limited American Depositary Shares, each representing one Ordinary Share

Comments

Diamondback Energy

Diamondback Energy (FANG) Forecast

Diamondback Energy (NASDAQ:FANG) Stock, Quote.Headers.trade-ideas

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga