Recently, 27 analysts shared their views on Diamondback Energy FANG, with a mix of positive and negative ratings.
Here’s a quick look at their recent opinions over the past 30 days compared to previous months:
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 8 | 16 | 3 | 0 | 0 |
| Last 30D | 0 | 2 | 0 | 0 | 0 |
| 1M Ago | 4 | 8 | 0 | 0 | 0 |
| 2M Ago | 1 | 3 | 1 | 0 | 0 |
| 3M Ago | 3 | 3 | 2 | 0 | 0 |
Analysts expect an average price target of $218.85 for Diamondback Energy, with estimates ranging from $154.00 to $255.00. This marks a 2.26% decrease from the previous target of $223.92.
Analyst Ratings Overview
This summary covers recent analyst actions for Diamondback Energy, highlighting key evaluations and price target changes:
| Analyst | Firm | Action | Rating | Current Target | Previous Target |
|---|---|---|---|---|---|
| Roger Read | Wells Fargo | Lowers | Overweight | $218.00 | $219.00 |
| Biju Perincheril | Susquehanna | Lowers | Positive | $233.00 | $237.00 |
| Neal Dingmann | Truist | Raises | Buy | $230.00 | $220.00 |
| Tim Rezvan | Keybanc | Lowers | Overweight | $216.00 | $225.00 |
| Mark Lear | Piper Sandler | Raises | Overweight | $252.00 | $240.00 |
| Paul Cheng | Scotiabank | Lowers | Sector Outperform | $225.00 | $245.00 |
| Phillip Jungwirth | BMO | Raises | Outperform | $215.00 | $205.00 |
| Subash Chandra | Benchmark | Raises | Buy | $195.00 | $154.00 |
| Betty Jiang | Barclays | Lowers | Overweight | $210.00 | $216.00 |
| Arun Jayaram | JP Morgan | Announces | Overweight | $182.00 | – |
| Stephen Richardson | Evercore ISI | Lowers | Outperform | $209.00 | $235.00 |
| Scott Hanold | RBC Capital | Maintains | Outperform | $220.00 | $220.00 |
| Devin McDermott | Morgan Stanley | Raises | Overweight | $198.00 | $185.00 |
| Lloyd Byrne | Jefferies | Announces | Hold | $185.00 | – |
| Kalei Akamine | B of A | Raises | Neutral | $215.00 | $201.00 |
Key Insights:
- Actions: Analysts adjust their ratings based on market changes. Their decisions (‘Maintain’, ‘Raise’, or ‘Lower’) reflect their views on Diamondback Energy’s current situation.
- Ratings: Stock ratings range from ‘Outperform’ to ‘Underperform’, showing how analysts expect Diamondback Energy to perform relative to the market.
- Price Targets: Changes in price targets reveal analysts’ future expectations for Diamondback Energy’s value.
Understanding analyst ratings along with other financial metrics can help evaluate Diamondback Energy’s market status.
About Diamondback Energy
Diamondback Energy is a U.S. oil and gas producer operating in the Permian Basin. By the end of 2023, it reported 2.2 billion barrels of oil equivalent in proven reserves and an average production of 448,000 barrels per day.
Economic Analysis of Diamondback Energy
Market Capitalization: The company’s market cap is above industry norms, indicating a strong market position.
Revenue Growth: Diamondback Energy achieved a revenue growth rate of 29.34% in 3 months, outperforming competitors.
Net Margin: With a net margin of 33.48%, the company demonstrates effective cost management.
Return on Equity (ROE): The company’s ROE stands at 4.83%, showing efficient use of equity capital.
Return on Assets (ROA): Diamondback Energy has an ROA of 2.54%, highlighting excellent asset management.
Debt Management: The company has a high debt-to-equity ratio of 0.69, suggesting potential financial challenges.
Understanding Analyst Ratings
Analysts provide stock ratings based on thorough research and company insights. They typically rate stocks quarterly and may offer predictions on key financial metrics to assist traders, though it’s essential to remember that analysts can only forecast based on their perspectives.
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This article was generated by Benzinga’s automated system and reviewed by an editor.
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