# Diamondback Energy, Inc. – Consensus ‘buy’ rating and 14.7% Upside Potential

- Link: https://www.directorstalkinterviews.com/diamondback-energy-inc.consensus-buy-rating-and-14.7-upside-potential/4121126316
- Published: 2023-08-30T12:49:40+01:00
- Author: Charlotte Edwards

**Diamondback Energy, Inc.** which can be found using ticker (FANG) now have 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 $172.89. Given that the stocks 
previous close was at $150.68 this now indicates there is a potential upside of 
14.7%. The day 50 moving average is $140.98 and the 200 day MA is $139.38. The total
market capitalization for the company now stands at 27.10B. The current share price
for the company is: 151.19 USD

 The potential market cap would be $31,090,393,342 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 7.84, 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.

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