Analysts' ratings for Diamondback Energy FANG over the last quarter vary from bullish to bearish, as provided by 17 analysts.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 9 | 2 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 1 | 0 | 0 |
| 2M Ago | 1 | 2 | 0 | 0 | 0 |
| 3M Ago | 4 | 5 | 1 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $223.71, with a high estimate of $255.00 and a low estimate of $154.00. Observing a 5.37% increase, the current average has risen from the previous average price target of $212.31.
Breaking Down Analyst Ratings: A Detailed Examination
A comprehensive examination of how financial experts perceive Diamondback Energy is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Tim Rezvan | Keybanc | Announces | Overweight | $225.00 | - |
| Subash Chandra | Benchmark | Maintains | Buy | $154.00 | $154.00 |
| Kalei Akamine | B of A Securities | Announces | Neutral | $201.00 | - |
| Bob Brackett | Bernstein | Announces | Outperform | $243.00 | - |
| Nitin Kumar | Mizuho | Raises | Buy | $222.00 | $217.00 |
| Scott Hanold | RBC Capital | Raises | Outperform | $220.00 | $195.00 |
| Roger Read | Wells Fargo | Lowers | Overweight | $224.00 | $227.00 |
| Derrick Whitfield | Stifel | Raises | Buy | $229.00 | $224.00 |
| Neal Dingmann | Truist Securities | Raises | Buy | $250.00 | $248.00 |
| Tim Rezvan | Keybanc | Raises | Overweight | $225.00 | $210.00 |
| Biju Perincheril | Susquehanna | Raises | Positive | $245.00 | $212.00 |
| Mark Lear | Piper Sandler | Raises | Overweight | $247.00 | $227.00 |
| Devin McDermott | Morgan Stanley | Lowers | Overweight | $184.00 | $186.00 |
| Paul Cheng | Scotiabank | Raises | Sector Outperform | $255.00 | $210.00 |
| Nitin Kumar | Mizuho | Raises | Buy | $217.00 | $200.00 |
| Betty Jiang | Barclays | Announces | Equal-Weight | $214.00 | - |
| Neal Dingmann | Truist Securities | Lowers | Buy | $248.00 | $250.00 |
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: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Diamondback Energy compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Diamondback Energy's stock. This comparison reveals trends in analysts' expectations over time.
Capture valuable insights into Diamondback Energy's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Diamondback Energy analyst ratings.
All You Need to Know About Diamondback Energy
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 2023, the company reported net proven reserves of 2.2 billion barrels of oil equivalent. Net production averaged about 448,000 barrels per day in 2023, at a ratio of 59% oil, 21% natural gas liquids, and 20% natural gas.
Understanding the Numbers: Diamondback Energy's Finances
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Over the 3 months period, Diamondback Energy showcased positive performance, achieving a revenue growth rate of 16.61% as of 31 March, 2024. This reflects a substantial increase in the company's 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 surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 34.63% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 4.57%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.62%, the company showcases effective utilization of assets.
Debt Management: Diamondback Energy's debt-to-equity ratio is below the industry average at 0.39, reflecting a lower dependency on debt financing and a more conservative financial approach.
The Significance of Analyst Ratings Explained
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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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