Analyst Ratings for Diamondback Energy Inc. (FANG)Updated: 2017-07-26
Analysts covering Diamondback Energy Inc. (NASDAQ:FANG) have given it a consensus rating of Buy. About 30 days ago, FANG was issued an average rating of Buy.
A buy rating was issued by 28 analysts, 2 issued an overweight rating, 2 issued a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Today, there are 4 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 0.
Several price targets were given for FANG by the analysts covering the stock. The most optimistic analyst gave a price target of 179, which equates to a potential upside of 84.25 percent. The most pessimistic price target was 93, implying a possible loss of -4.27 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Analysts have revised their earnings estimates downwards for this quarter, by about -5.56 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is 22.21 percent. Meanwhile, fiscal year estimates have been revised downwards by -7.18 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 21.74 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 3 analysts increased their quarterly estimates, while 7 analysts made negative revisions. Over the same time period, 3 analysts revised their FY earnings estimates upwards, compared to 8 analysts that revised their FY estimates downwards.
FANG has a 52-week high of 114.00 and a 52-week low of 82.77. Today's price is 17.37 percent above the 52-week low, and 14.78 percent lower than its 52-week high. FANG has a price/earnings ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The FANG value stock report compares FANG to some of its peers using value stock charts. The stock has a market capitalization of $9.39 billion. FANG is estimated to release their earnings results for the quarter on 0000-00-00, days from today.