Throughout the last three months, 17 analysts have evaluated Diamondback Energy FANG, offering a diverse set of opinions from bullish to bearish.
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 | 5 | 9 | 3 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 1 | 0 | 0 | 0 |
| 2M Ago | 3 | 5 | 2 | 0 | 0 |
| 3M Ago | 1 | 3 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $222.59, along with a high estimate of $255.00 and a low estimate of $154.00. This current average represents a 1.45% decrease from the previous average price target of $225.87.
Understanding Analyst Ratings: A Comprehensive Breakdown
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 |
|---|---|---|---|---|---|
| Lloyd Byrne | Jefferies | Announces | Hold | $185.00 | - |
| Biju Perincheril | Susquehanna | Lowers | Positive | $237.00 | $245.00 |
| Josh Silverstein | UBS | Raises | Buy | $247.00 | $245.00 |
| Mark Lear | Piper Sandler | Lowers | Overweight | $240.00 | $249.00 |
| Roger Read | Wells Fargo | Lowers | Overweight | $230.00 | $231.00 |
| Scott Hanold | RBC Capital | Maintains | Outperform | $220.00 | $220.00 |
| Josh Silverstein | UBS | Lowers | Buy | $245.00 | $257.00 |
| Betty Jiang | Barclays | Raises | Equal-Weight | $216.00 | $214.00 |
| Neal Dingmann | Truist Securities | Raises | Buy | $255.00 | $249.00 |
| Subash Chandra | Benchmark | Maintains | Buy | $154.00 | $154.00 |
| Kalei Akamine | B of A Securities | Raises | Neutral | $215.00 | $201.00 |
| Roger Read | Wells Fargo | Raises | Overweight | $231.00 | $224.00 |
| Mark Lear | Piper Sandler | Raises | Overweight | $249.00 | $247.00 |
| Bob Brackett | Bernstein | Lowers | Outperform | $236.00 | $243.00 |
| Paul Cheng | Scotiabank | Lowers | Sector Outperform | $245.00 | $255.00 |
| Tim Rezvan | Keybanc | Announces | Overweight | $225.00 | - |
| Subash Chandra | Benchmark | Maintains | Buy | $154.00 | $154.00 |
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: Analysts gauge the dynamics of price targets, providing estimates for the future value of Diamondback Energy's stock. This comparison reveals trends in analysts' expectations over time.
To gain a panoramic view of Diamondback Energy's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using 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 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.
Diamondback Energy's Economic Impact: An Analysis
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Diamondback Energy's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 29.34%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Energy sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 33.48%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Diamondback Energy's ROE stands out, surpassing industry averages. With an impressive ROE of 4.83%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.54%, the company showcases effective utilization of assets.
Debt Management: Diamondback Energy's debt-to-equity ratio stands notably higher than the industry average, reaching 0.69. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Analyst Ratings: Simplified
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.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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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