Diamondback Energy, Inc. which can be found using ticker (FANG) have now 26 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 $263.00 and $154.00 calculating the average target share price we see $223.89. (at the time of writing). Given that the stocks previous close was at $190.88 this now indicates there is a potential upside of 17.3%. It’s also worth noting that there is a 50 day moving average of $197.58 while the 200 day moving average is $172.87. The market cap for the company is 35.32B. The stock price for the company is currently $198.03 USD
The potential market cap would be $41,425,117,045 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 11.16, revenue per share of $46.19 and a 9.89% 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.
