La vendita allo scoperto per Diamondback Energy dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di Diamondback Energy. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

Diamondback Energy (NASDAQ:FANG) Azioni, Report sulle vendite allo scoperto

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.

Diamondback Energy Inc

FANG HOLDINGS ADR REP 10 CL A ORD

FANGDA CARBON NM GDR

FANG HOLDINGS LTD ADR by Fang Holdings Limited

Fang Holdings Ltd

Fangdd Network Group Ltd. - Class A Ordinary Shares

Fangdd Network Group Ltd

WIIM

FANG

Diamondback Energy shares are trading higher after Barclays upgraded the stock from Equal-Weight to Overweight, despite cutting its price target from $216 to $210.

In the latest quarter, 23 analysts provided ratings for Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>), showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">14</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $221.13, a high estimate of $255.00, and a low estimate of $154.00. Experiencing a 3.7% decline, the current average is now lower than the previous average price target of $229.62. 
<img src="https://www.benzinga.com/files/images/story/2024/1727877847_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Diamondback Energy. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Betty Jiang</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$210.00</td>
<td>$216.00</td>
</tr>
<tr>
<td>Arun Jayaram</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Overweight</td>
<td>$182.00</td>
<td>-</td>
</tr>
<tr>
<td>Roger Read</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$219.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>Stephen Richardson</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$209.00</td>
<td>$235.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$220.00</td>
<td>$255.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$223.00</td>
<td>$247.00</td>
</tr>
<tr>
<td>Scott Hanold</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$220.00</td>
<td>$220.00</td>
</tr>
<tr>
<td>Devin McDermott</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$198.00</td>
<td>$185.00</td>
</tr>
<tr>
<td>Lloyd Byrne</td>
<td>Jefferies</td>
<td>Announces</td>
<td>Hold</td>
<td>$185.00</td>
<td>-</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$237.00</td>
<td>$245.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$247.00</td>
<td>$245.00</td>
</tr>
<tr>
<td>Mark Lear</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$240.00</td>
<td>$249.00</td>
</tr>
<tr>
<td>Roger Read</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$230.00</td>
<td>$231.00</td>
</tr>
<tr>
<td>Scott Hanold</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$220.00</td>
<td>$220.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$245.00</td>
<td>$257.00</td>
</tr>
<tr>
<td>Betty Jiang</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$216.00</td>
<td>$214.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$255.00</td>
<td>$249.00</td>
</tr>
<tr>
<td>Subash Chandra</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$154.00</td>
<td>$154.00</td>
</tr>
<tr>
<td>Kalei Akamine</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$215.00</td>
<td>$201.00</td>
</tr>
<tr>
<td>Roger Read</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$231.00</td>
<td>$224.00</td>
</tr>
<tr>
<td>Mark Lear</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$249.00</td>
<td>$247.00</td>
</tr>
<tr>
<td>Bob Brackett</td>
<td>Bernstein</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$236.00</td>
<td>$243.00</td>
</tr>
<tr>
<td>Paul Cheng</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Outperform</td>
<td>$245.00</td>
<td>$255.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Diamondback Energy. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Diamondback Energy compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Diamondback Energy's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
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.
<a href="https://www.benzinga.com/quote/FANG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Diamondback Energy analyst ratings.</a>
<h2>Delving into Diamondback Energy's Background</h2>
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.
<h3>Diamondback Energy's Economic Impact: An Analysis</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Diamondback Energy's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 29.34%. This indicates 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 financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 4.83%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Diamondback Energy's ROA excels beyond industry benchmarks, reaching 2.54%. This signifies efficient management of assets and strong financial health.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.69, caution is advised due to increased financial risk.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Deep Dive Into Diamondback Energy Stock: Analyst Perspectives (23 Ratings)

Barclays analyst Betty Jiang upgrades Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) from Equal-Weight to Overweight and lowers the price target from $216 to $210.

News

Upgrades

Price Target

Barclays Upgrades Diamondback Energy to Overweight, Lowers Price Target to $210

JP Morgan analyst Arun Jayaram reinstates Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) with a Overweight and announces $182 price target.

Initiation

JP Morgan Reinstates Overweight on Diamondback Energy, Announces $182 Price Target

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said NANO Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) is losing a <a href="https://www.benzinga.com/quote/NNE/news">&#8220;lot of money.&#8221;</a>
On Oct. 1, NANO Nuclear Energy said Carlos O. Maidana has been named as the company&#8217;s head of thermal hydraulics and space program.
Cramer recommended buying McKesson Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKC#NYSE">MKC</a>). &#8220;I'm ready to start buying, don't buy all at once.&#8221;
On Sept. 25, Deutsche Bank analyst George Hill maintained McKesson with a Buy and lowered the price target from $623 to $579.
Diamondback Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) is a &#8220;little too much oil for me," Cramer said.
On Oct 1, Wells Fargo analyst Roger Read maintained Diamondback Energy with an Overweight and lowered the price target from $230 to $219.
&#8220;It's got a huge multiple for its growth rate, and that is worrisome to me. I'm going to have to say we got to come back with something that is less expensive,&#8221; Cramer said when asked about Littelfuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFUS#NASDAQ">LFUS</a>).
On Aug. 29, Baird analyst Luke Junk maintained Littelfuse with an Outperform and raised the price target from $300 to $315.
Archer-Daniels-Midland Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADM#NYSE">ADM</a>) is a &#8220;value trap,&#8221; Cramer said.
On Sept. 9, UBS analyst Manav Gupta maintained Archer-Daniels Midland with a Neutral and raised the price target from $60 to $64.
Price Action:
<ul>
<li>NANO Nuclear Energy shares gained 14.8% to settle at $16.54 on Tuesday.</li>
<li>McKesson shares gained 0.8% to close at $498.48 during the session.</li>
<li>Diamondback shares gained 3% to close at $177.52 during Tuesday's session.</li>
<li>Littelfuse shares fell 1.7% to settle at $260.64 on Tuesday.</li>
<li>Archer-Daniels-Midland shares fell 0.4% to close at $59.52 on Tuesday.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/09/41102060/jim-cramer-hand-picks-these-3-stocks-to-ride-the-crest-of-the-chinese-stimulus-frenzy">Jim Cramer Hand Picks These 3 Stocks To Ride The Crest Of The Chinese Stimulus Frenzy</a></li>
</ul>
Image: Shutterstock

Long Ideas

Markets

Media

Trading Ideas

LFUS

Jim Cramer: This Consumer Defensive Stock Is A Buy, Archer-Daniels-Midland Is A 'Value Trap'

Diamondback Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) shares climbed nearly 3% on Tuesday. Here&#8217;s a look at <a href="https://www.benzinga.com/pressreleases/24/10/g41128615/diamondback-energy-inc-announces-revised-third-quarter-production-and-capital-guidance">what&#8217;s going on</a>. 
What To Know: Diamondback Energy shares traded higher Tuesday as energy stocks jumped amid <a href="https://www.benzinga.com/news/global/24/10/41126038/iran-attacks-israel-with-missiles-middle-east-tensions-escalates-s-p-500-stocks-bitcoin-fall-as-oil">rising Middle East tensions</a>. Iran launched an attack on Israel following the recent killing of Hezbollah leader&nbsp;Hassan Nasrallah. Iran reportedly fired between 100 and 200 missiles towards Israel on Tuesday.
Diamondback Energy may have also gotten a lift after Wells Fargo analyst Roger Read maintained an <a href="https://www.benzinga.com/analyst-stock-ratings">Overweight rating</a> on the stock Tuesday morning. Read lowered Wells Fargo&#8217;s price target from $230 to $219, but the price objective remains well above current levels.
The Wells Fargo update came on the heels of two similar moves from analysts on Monday. Evercore ISI Group maintained an Outperform rating and lowered its price target to $209, and Truist Securities maintained a Buy rating and lowered its price target to $220.
Don&#8217;t Miss: <a href="https://www.benzinga.com/news/24/10/41126631/hurricane-helene-devastation-the-latest-on-damage-companies-affected">Hurricane Helene Devastation: The Latest On Damage, Companies Affected</a>
What Else: After the market close on Tuesday, Diamondback Energy announced the closing of an acquisition and updated its guidance for the third quarter.
Diamondback subsidiary Viper Energy <a href="https://www.benzinga.com/pressreleases/24/10/g41128596/viper-energy-inc-a-subsidiary-of-diamondback-energy-inc-announces-closing-of-acquisition">completed its acquisition</a> of certain mineral and royalty interest-owning subsidiaries of Tumbleweed Royalty IV.
The acquisition had a total consideration of approximately $459 million in cash, the issuance of approximately 10.1 million OpCo units to Tumbleweed Royalty and an option granted to Tumbleweed to acquire the same number of shares of Viper&#8217;s Class B common stock as the OpCo units.&nbsp;
Diamondback Energy also updated its third-quarter guidance to reflect the Endeavor Energy Resources deal completed on Sept. 10. Diamondback now expects third-quarter oil production of 319 to 321 MBO/d. The company also anticipates capital expenditures of $675 million to $700 million for the third quarter.
Diamondback is scheduled to report <a href="https://www.benzinga.com/calendars/earnings">third-quarter financial results</a> on Nov. 4. Analysts expect the company to report earnings of $4.56 per share and revenue of $2.331 billion, according to estimates from <a href="http://pro.benzinga.com">Benzinga Pro</a>.
FANG Price Action: <a href="http://benzinga.com/quote/fang">Diamondback Energy shares</a> closed Tuesday up 2.97% at $177.52, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Joe from Pixabay.

Analyst Color

Guidance

Commodities

Movers

What's Going On With Diamondback Energy Stock?

Diamondback Energy Revises Q3 Production And Capital Guidance Following Endeavor Merger; Expects Oil Production Of 319-321 MBO/D And Cash CAPEX Of $675M-$700M

Wells Fargo analyst Roger Read maintains Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) with a Overweight and lowers the price target from $230 to $219.

Wells Fargo Maintains Overweight on Diamondback Energy, Lowers Price Target to $219

Evercore ISI Group analyst Stephen Richardson maintains Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) with a Outperform and lowers the price target from $235 to $209.

Evercore ISI Group Maintains Outperform on Diamondback Energy, Lowers Price Target to $209

Truist Securities analyst Neal Dingmann maintains Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) with a Buy and lowers the price target from $255 to $220.

Truist Securities Maintains Buy on Diamondback Energy, Lowers Price Target to $220

Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) has outperformed the market over the past 5 years by 2.15% on an annualized basis producing an average annual return of 16.39%. Currently, Diamondback Energy has a market capitalization of $54.30 billion. 
Buying $100 In FANG: If an investor had bought $100 of FANG stock 5 years ago, it would be worth $201.95 today based on a price of $185.50 for FANG at the time of writing.
<h3>Diamondback Energy's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727281810_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Diamondback Energy 5 Years Ago Would Be Worth Today

Diamondback Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>), Kinetik Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNTK#NYSE">KNTK</a>), and EPIC Midstream Holdings disclosed a series of transactions to enhance the growth and <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40998581/diamondback-energy-kinetik-holdings-and-epic-midstream-announce-transformative-transactions-for-ep" rel="noreferrer noopener">financial profile of EPIC Crude Holdings, LP</a>.
As part of the deal, Diamondback and Kinetik acquired a 30% equity interest in EPIC Crude, with each now owning 27.5% of the company.
EPIC Midstream holds a 45% equity interest in EPIC Crude and manages its operations.
EPIC Crude transports over 600 MBpd and has secured MVCs for about 90% of its 2025 volumes, extending the weighted average contract life. Its strategy allows customers access to all markets and docks in Corpus Christi, as well as the Dated Brent market, through the EPIC dock.
Diamondback is increasing its commitment to 200 MBpd to accommodate additional crude from its merger with Endeavor Energy Resources, positioning it as the third-largest crude producer in the Permian Basin.
On the other hand, Kinetik is establishing a new transportation arrangement with EPIC Crude, linking its crude gathering system to the EPIC Crude pipeline.
The combined long-term volume commitments from both partners will begin in 2025 and extend to 2035, representing over 33% of EPIC Crude&#8217;s capacity.
These efforts aim to reduce costs and enhance financial returns, ensuring long-term success and strategic alignment among the partners.
Kaes&nbsp;Van&#8217;t&nbsp;Hof,&nbsp;President&nbsp;and Chief&nbsp;Financial&nbsp;Officer&nbsp;of Diamondback, said, &#8220;This series of transactions signifies a&nbsp;major step in ensuring&nbsp;reliable,&nbsp;cost-effective&nbsp;takeaway out of&nbsp;the basin&nbsp;for our expanded crude portfolio&nbsp;for a significant period of time, and&nbsp;positions EPIC&nbsp;Crude to be our preferred crude pipeline given our increased ownership stake and expanded governance role in the joint venture.&#8221;
Jamie Welch, President and Chief Executive Officer of Kinetik, stated, &#8220;Our volume commitment, alongside Diamondback, will generate incremental value for our crude customers seeking access to a premium market.&#8221;
Price Action: FANG shares are up 0.18% at $185.58, and KNTK is down 0.18% at $47.20 at the last check Tuesday.
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/08/40313301/oil-prices-eye-fourth-straight-day-of-gains-as-geopolitical-risks-overshadow-opecs-cooler-demand-f" target="_blank" rel="noreferrer noopener">Oil Prices Eye Fourth Straight Day Of Gains As Geopolitical Risks Overshadow OPEC&#8217;s Cooler Demand Forecast</a></li>
</ul>

Equities

Large Cap

KNTK

Diamondback Energy, Kinetik Strengthen Stake In EPIC Crude With New Deal And Long-Term Commitments

Diamondback Energy, Kinetik And EPIC Midstream Announced A Series Of Transactions To Support The Continued Growth And Strengthened Financial Profile Of EPIC Crude Holdings, LP

The gross proceeds from the sale of the shares by the Selling Stockholders will be approximately $2.2 billion. Diamondback will not receive any proceeds from the sale of the shares by the Selling Stockholders. The Secondary Offering is expected to close on September 23, 2024, subject to customary closing conditions.
In addition, Diamondback has agreed to purchase from the underwriters 2,000,000 shares of common stock that are the subject of the Secondary Offering at a price per share equal to the price per share to be paid by the underwriters to the Selling Stockholders (the &quot;Share Repurchase&quot;) under Diamondback&#39;s existing share repurchase program. Diamondback plans to fund the Share Repurchase from existing cash on hand. The underwriters will not receive any compensation for the shares being repurchased by Diamondback in the Share Repurchase.

Reported Earlier, Diamondback Energy Prices Upsized $2.2B Secondary Common Stock Offering Of 12.77M Shares

Diamondback Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) ("Diamondback") announced today the launch of an underwritten public offering of 11,270,000 shares of its common stock by certain Legacy Endeavor Stockholders (the "Selling Stockholders"), subject to market and other conditions (the "Secondary Offering"). Diamondback will not receive any proceeds from the sale of the shares by the Selling Stockholders. The Selling Stockholders have also granted the underwriters a 30-day option to purchase up to an additional 1,390,500 shares of common stock. &nbsp;
In addition, Diamondback has authorized the purchase from the underwriters of 2,000,000 shares of common stock offered in the Secondary Offering (the "Share Repurchase"). The Share Repurchase is part of the Diamondback's existing share repurchase program. Diamondback intends to fund the Share Repurchase from existing cash on hand. The underwriters will not receive any compensation for the shares being repurchased by Diamondback in the Share Repurchase.
Evercore ISI, Citigroup and J.P. Morgan are acting as joint book-running managers for the Secondary Offering.

Offerings

Diamondback Energy Announces Launch Of Secondary Common Stock Offering Of 11.27M Shares Of Common Stock; Diamondback Has Authorized The Purchase From The Underwriters Of 2M Shares Of Common Stock Offered In The Secondary Offering As Part Of Its Existing Repurchase Program

Buybacks

Diamondback Energy Board Approved Increasing Total Authorized Repurchases Under Co's Existing Common Stock Repurchase Program To $6B

UBS analyst Josh Silverstein maintains Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) with a Buy and lowers the price target from $247 to $223.

UBS Maintains Buy on Diamondback Energy, Lowers Price Target to $223

RBC Capital analyst Scott Hanold reiterates Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) with a Outperform and maintains $220 price target.

Reiteration

RBC Capital Reiterates Outperform on Diamondback Energy, Maintains $220 Price Target

Morgan Stanley analyst Devin McDermott maintains Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) with a Overweight and raises the price target from $185 to $198.

Morgan Stanley Maintains Overweight on Diamondback Energy, Raises Price Target to $198

Throughout the last three months, 17 analysts have evaluated Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>), 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.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
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. 
<img src="https://www.benzinga.com/files/images/story/2024/1726495277_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
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.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Lloyd Byrne</td>
<td>Jefferies</td>
<td>Announces</td>
<td>Hold</td>
<td>$185.00</td>
<td>-</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$237.00</td>
<td>$245.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$247.00</td>
<td>$245.00</td>
</tr>
<tr>
<td>Mark Lear</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$240.00</td>
<td>$249.00</td>
</tr>
<tr>
<td>Roger Read</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$230.00</td>
<td>$231.00</td>
</tr>
<tr>
<td>Scott Hanold</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$220.00</td>
<td>$220.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$245.00</td>
<td>$257.00</td>
</tr>
<tr>
<td>Betty Jiang</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$216.00</td>
<td>$214.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$255.00</td>
<td>$249.00</td>
</tr>
<tr>
<td>Subash Chandra</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$154.00</td>
<td>$154.00</td>
</tr>
<tr>
<td>Kalei Akamine</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$215.00</td>
<td>$201.00</td>
</tr>
<tr>
<td>Roger Read</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$231.00</td>
<td>$224.00</td>
</tr>
<tr>
<td>Mark Lear</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$249.00</td>
<td>$247.00</td>
</tr>
<tr>
<td>Bob Brackett</td>
<td>Bernstein</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$236.00</td>
<td>$243.00</td>
</tr>
<tr>
<td>Paul Cheng</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Outperform</td>
<td>$245.00</td>
<td>$255.00</td>
</tr>
<tr>
<td>Tim Rezvan</td>
<td>Keybanc</td>
<td>Announces</td>
<td>Overweight</td>
<td>$225.00</td>
<td>-</td>
</tr>
<tr>
<td>Subash Chandra</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$154.00</td>
<td>$154.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>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.</li>
<li>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.</li>
<li>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.</li>
</ul>
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.
<a href="https://www.benzinga.com/quote/FANG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Diamondback Energy analyst ratings.</a>
<h2>Get to Know Diamondback Energy Better</h2>
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.
<h3>Diamondback Energy's Economic Impact: An Analysis</h3>
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.
<h2>Analyst Ratings: Simplified</h2>
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.

Peeling Back The Layers: Exploring Diamondback Energy Through Analyst Insights

Permian Resources: Growth That Also Increases Profitability

Diamondback Energy bumps up Q3 production, capex guidance on Endeavor deal

Oil jumps after Iran missile attack on Israel; Iran oil assets could be retaliation target

Diamondback (FANG – Research Report), the Energy sector company, was revisited by a Wall Street analyst yesterday. Analyst David Deckelbaum from TD...

Buy Rating Justified by Diamondback's Operational Efficiency and Positive Financial Adjustments

Viper Energy: Another Growth Spurt

In a report released today, Leo Mariani from Roth MKM assigned a Buy rating to Diamondback (FANG – Research Report), with a price target of $224.00...

Roth MKM Releases a Buy Rating on Diamondback (FANG)

S&P 500 Energy ends Q3 on negative note as crude prices fall

Oil prices extend rally as prospect of Middle East war sparks supply worries

Diamondback Energy wins Buy rating at JPM as leader in shale efficiency gains

Texas Pacific Land to buy Permian Basin royalty interests in $286M deal

BOIL

DRIP

GUSH

KOLD

RSPG

SHEL

TRGP

USOI

VNOM

Press Releases

Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Announces Acquisition

Financing

Diamondback Energy Announces Launch of Secondary Common Stock Offering

IPOs

Diamondback Energy Announces Pricing of Upsized Secondary Common Stock Offering

Diamondback Energy, Kinetik Holdings and EPIC Midstream Announce Transformative Transactions for EPIC Crude

Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Schedules Third Quarter 2024 Conference Call for November 5, 2024

Diamondback Energy, Inc. Schedules Third Quarter 2024 Conference Call for November 5, 2024

Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Announces Closing of Acquisition

Diamondback Energy, Inc. Announces Revised Third Quarter Production and Capital Guidance

Texas Pacific Land Corporation Acquires Permian Oil and Gas Mineral and Royalty Interests in Cash Transaction

ARES

Antero Resources Corporation Common Stock

Antero Resources

Chord Energy

Civitas Resources

CNX Resources

ConocoPhillips

California Resources Corporation Common Stock

California Resources

Coterra Energy

Devon Energy

EOG Resources

Hess

Magnolia Oil & Gas Corporation Class A Common Stock

Magnolia Oil & Gas

Marathon Oil

Matador Resources

Murphy Oil

Northern Oil & Gas

Ovintiv

Permian Resources Corporation Class A Common Stock

Permian Resources

Range Resources

SM Energy

Texas Pacific Land Corporation Common Stock

Texas Pacific Land

Vista Energy S.A.B. de C.V. American Depositary Shares, each representing one series A share, with no par value

Vista Energy

Viper Energy, Inc. - Class A Common Stock

Viper Energy

Woodside Energy Group Limited American Depositary Shares, each representing one Ordinary Share

Comments

Diamondback Energy

Vendite allo scoperto

Diamondback Energy (NASDAQ:FANG) Azioni, Report sulle vendite allo scoperto

Le persone guardano anche

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO