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.
FANG was given price targets by several analysts. The highest price target was 179, implying a possible profit of 84.25 percent. The lowest price target was 93, implying a possible loss of -4.27 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -5.56 percent. The average change in earnings estimates over the last 90 days is 22.21 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -7.18 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 21.74 percent.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 3 analysts increased their quarterly estimates, 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 made negative revisions to their fiscal year's estimates.
FANG has a 52-week high of 114.00 and a 52-week low of 82.77. The current market price is above the trailing year's low by 17.37 percent, and below the high by 14.78 percent. 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's next earnings release will be on 0000-00-00, which is days away.