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Diamondback Energy
FANG

$198.36
3.09%

Market Cap: 35.4B

 

About: 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.

Employees: 1,023

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 41 analysts
0
News positive %
of 16 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

70% more first-time investments, than exits

New positions opened: 168 | Existing positions closed: 99

28% more capital invested

Capital invested by funds: $24.9B [Q4 2023] → $31.9B (+$7B) [Q1 2024]

26% more funds holding in top 10

Funds holding in top 10: 19 [Q4 2023] → 24 (+5) [Q1 2024]

21% more call options, than puts

Call options by funds: $896M | Put options by funds: $743M

11% more repeat investments, than reductions

Existing positions increased: 408 | Existing positions reduced: 368

7% more funds holding

Funds holding: 1,009 [Q4 2023] → 1,078 (+69) [Q1 2024]

0.53% more ownership

Funds ownership: 89.79% [Q4 2023] → 90.32% (+0.53%) [Q1 2024]

Research analyst outlook

41 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$154
22%
downside
Avg. target
$214
8%
upside
High target
$255
29%
upside

41 analyst ratings

36 positive
88%
neutral
12%
negative
0%
B of A Securities
Kalei Akamine
8%upside
$215
Neutral
Maintained
23 Jul 2024
Wells Fargo
Roger Read
16%upside
$231
Overweight
Maintained
18 Jul 2024
Piper Sandler
Mark Lear
26%upside
$249
Overweight
Maintained
18 Jul 2024
Bernstein
Bob Brackett
19%upside
$236
Outperform
Maintained
17 Jul 2024
Scotiabank
Paul Cheng
24%upside
$245
Sector Outperform
Maintained
12 Jul 2024

Financial journalist opinion

Based on 16 articles about FANG published over the past 30 days