# Diamondback Energy, Inc. – Consensus ‘buy’ rating and 21.2% Upside Potential

- Link: https://www.directorstalkinterviews.com/diamondback-energy-inc.consensus-buy-rating-and-21.2-upside-potential-2/4121134861
- Published: 2023-12-01T12:21:53+00:00
- Author: Charlotte Edwards

**Diamondback Energy, Inc.** which can be found using ticker (FANG) have now 28 
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 $235.00
and $147.00 and has a mean target at $186.36. Given that the stocks previous close
was at $153.79 and the analysts are correct then there would likely be a percentage
uptick in value of 21.2%. There is a 50 day moving average of $157.70 and the 200
day moving average is $143.68. The market cap for the company is 27.64B. The stock
price is currently at: $154.41 USD

 The potential market cap would be $33,490,117,015 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 8.76, 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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