# Diamondback Energy, Inc. – Consensus ‘buy’ rating and 13.7% Upside Potential

- Link: https://www.directorstalkinterviews.com/diamondback-energy-inc.consensus-buy-rating-and-13.7-upside-potential/4121132365
- Published: 2023-11-09T13:43:34+00:00
- Author: Charlotte Edwards

**Diamondback Energy, Inc.** which can be found using ticker (FANG) now have 28 
market analysts covering the stock. The analyst consensus now points to a rating
of ‘buy’. The target price High/Low ranges between $222.00 and $145.00 and has a
mean target at $180.50. Given that the stocks previous close was at $158.79 this
would indicate that there is a potential upside of 13.7%. The 50 day MA is $157.54
and the 200 moving average now moves to $142.91. The total market capitalization
for the company now stands at 27.89B. The stock price is currently at: $155.97 USD

 The potential market cap would be $31,702,907,510 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 8.85, revenue per share of $42.55
and a 10.66% 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.

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