Large-cap Energy company Diamondback Energy has logged a -3.7% change today on a trading volume of 3,419,978. The average volume for the stock is 2,184,172.
Diamondback Energy, Inc., an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. Based in Midland, United States the company has 1,023 full time employees and a market cap of $45,585,321,984. Diamondback Energy currently offers its equity investors a dividend that yields 5.1% per year.
The company is now trading -26.28% away from its average analyst target price of $211.77 per share. The 30 analysts following the stock have set target prices ranging from $168.0 to $245.0, and on average give Diamondback Energy a rating of buy.
Over the last 12 months FANG shares have declined by -11.9%, which represents a difference of -30.5% when compared to the S&P 500. The stock's 52 week high is $214.5 per share and its 52 week low is $152.0. With its net margins declining an average -0.7% over the last 6 years, Diamondback Energy declining profitability gives us reason to believe its stock price will continue to underwhelm.
| Date Reported | Total Revenue ($ k) | Net Profit ($ k) | Net Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 8,412,000 | 3,143,000 | 37 | -17.78 |
| 2022 | 9,643,000 | 4,386,000 | 45 | 40.62 |
| 2021 | 6,797,000 | 2,182,000 | 32 | 119.88 |
| 2020 | 2,813,000 | -4,517,000 | -161 | -2783.33 |
| 2019 | 3,964,000 | 240,000 | 6 | -84.62 |
| 2018 | 2,176,256 | 846,000 | 39 |
