# Diamondback Energy, Inc. – Consensus ‘buy’ rating and 19.1% Upside Potential

- Link: https://www.directorstalkinterviews.com/diamondback-energy-inc.consensus-buy-rating-and-19.1-upside-potential/4121133003
- Published: 2023-11-16T14:19:44+00:00
- Author: Charlotte Edwards

**Diamondback Energy, Inc.** with ticker code (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 $235.00 and $147.00 calculating the mean target price
we have $185.57. Now with the previous closing price of $155.79 and the analysts
are correct then there would likely be a percentage uptick in value of 19.1%. The
day 50 moving average is $157.91 while the 200 day moving average is $143.15. The
market cap for the company is 27.88B. The stock price for the company is currently
is currently $155.79 USD

 The potential market cap would be $33,214,243,784 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 8.84, revenue per share of $43.09
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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