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.
A number of analysts gave price targets for FANG. The most optimistic analyst gave a price target of 179, implying potential capital gains of 84.25 percent. The minimum price target given was 93, implying potential capital losses of -4.27 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -5.56 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 22.21 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -7.18 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 21.74 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 3 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 7 analysts that decreased their estimates. Also over the last month, 3 analysts increased their estimates for the FY earnings, while 8 analysts decreased their estimates.
In the trailing 52-weeks, FANG hit 114.00 at the highest peak, while it's lowest trading point was 82.77. The current market price is above the trailing year's low by 17.37 percent, and 14.78 percent below the high. FANG has a P/E 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 market cap of FANG is $9.39 billion. FANG will post this quarters earnings in days, on 0000-00-00.