Providing a diverse range of perspectives from bullish to bearish, 15 analysts have published ratings on Diamondback Energy FANG in the last three months.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 8 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 2 | 1 | 0 | 0 | 0 |
| 2M Ago | 1 | 2 | 1 | 0 | 0 |
| 3M Ago | 2 | 5 | 0 | 0 | 0 |
Analysts have set 12-month price targets for Diamondback Energy, revealing an average target of $188.33, a high estimate of $225.00, and a low estimate of $154.00. Marking an increase of 1.37%, the current average surpasses the previous average price target of $185.79.
Breaking Down Analyst Ratings: A Detailed Examination
A clear picture of Diamondback Energy's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| John Freeman | Raymond James | Lowers | Strong Buy | $190.00 | $214.00 |
| Josh Silverstein | UBS | Lowers | Buy | $183.00 | $198.00 |
| Derrick Whitfield | Stifel | Raises | Buy | $194.00 | $182.00 |
| Roger Read | Wells Fargo | Lowers | Overweight | $189.00 | $190.00 |
| Mark Lear | Piper Sandler | Raises | Overweight | $206.00 | $189.00 |
| Biju Perincheril | Susquehanna | Raises | Positive | $203.00 | $200.00 |
| Neal Dingmann | Truist Securities | Raises | Buy | $225.00 | $215.00 |
| Scott Gruber | Citigroup | Raises | Neutral | $170.00 | $160.00 |
| Roger Read | Wells Fargo | Raises | Overweight | $190.00 | $168.00 |
| Biju Perincheril | Susquehanna | Raises | Positive | $200.00 | $189.00 |
| Devin McDermott | Morgan Stanley | Lowers | Overweight | $169.00 | $171.00 |
| Tim Rezvan | Keybanc | Raises | Overweight | $183.00 | $171.00 |
| Subash Chandra | Benchmark | Maintains | Buy | $154.00 | - |
| Josh Silverstein | UBS | Raises | Buy | $198.00 | $191.00 |
| Devin McDermott | Morgan Stanley | Raises | Overweight | $171.00 | $163.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Diamondback Energy. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Diamondback Energy compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Diamondback Energy's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Diamondback Energy's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Diamondback Energy analyst ratings.
Get to Know Diamondback Energy Better
Diamondback Energy is an independent oil and gas producer in the United States. The company operates exclusively in the Permian Basin. At the end of 2022, the company reported net proven reserves of 2 billion barrels of oil equivalent. Net production averaged about 386,000 barrels per day in 2022, at a ratio of 58% oil, 21% natural gas liquids, and 21% natural gas.
Diamondback Energy: A Financial Overview
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Challenges: Diamondback Energy's revenue growth over 3 months faced difficulties. As of 30 September, 2023, the company experienced a decline of approximately -3.85%. This indicates a decrease in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Energy sector.
Net Margin: Diamondback Energy's net margin is impressive, surpassing industry averages. With a net margin of 39.37%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Diamondback Energy's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 5.75%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 3.29%, the company showcases effective utilization of assets.
Debt Management: Diamondback Energy's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.38.
The Significance of Analyst Ratings Explained
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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