# Diamondback Energy, Inc. – Consensus ‘buy’ rating and 11.9% Upside Potential

- Link: https://www.directorstalkinterviews.com/diamondback-energy-inc.consensus-buy-rating-and-11.9-upside-potential/4121127897
- Published: 2023-09-20T14:51:20+01:00
- Author: Charlotte Edwards

**Diamondback Energy, Inc.** which can be found using ticker (FANG) have now 27 
confirmed analysts covering the stock with the consensus suggesting a rating of ‘
buy’. The range between the high target price and low target price is between 222
and 140 with the average target price sitting at $174.89. Given that the stocks 
previous close was at $156.26 and the analysts are correct then there would likely
be a percentage uptick in value of 11.9%. The 50 day MA is $148.23 and the 200 moving
average now moves to $139.37. The market cap for the company is 27.79B. The stock
price for the company is currently is currently 155.39 USD

 The potential market cap would be $31,099,360,145 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 8.06, revenue per share of 43.79
and a 11.72% return on assets.

Diamondback Energy, Inc. is an independent oil and gas company, which is focused
on the acquisition, development, exploration and exploitation of unconventional,
onshore oil and natural gas reserves in the Permian Basin in West Texas. The Company
operates through upstream segment, which is engaged in the acquisition, development,
exploration and exploitation of unconventional, onshore oil and natural gas reserves
primarily in the Permian Basin in West Texas. The midstream operations are focused
on owning, operating, developing and acquiring midstream infrastructure assets in
the Midland and Delaware Basins of the Permian Basin. Its total acreage position
in the Permian Basin is approximately 508,767 net acres, which consisted primarily
of approximately 325,540 acres in the Midland Basin and approximately 150,719 acres
in the Delaware Basin. The Company’s subsidiaries include Diamondback E&P LLC, Viper
Energy Partners GP LLC, Rattler Midstream GP LLC, and QEP Resources, Inc.

Share on: