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 price target was 179, implying a possible profit of 84.25 percent. The most pessimistic analyst gave a price target of 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. 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. If we look at the last 90 days instead, we find a net average change of 21.74 percent in FY estimates.
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 revised their estimates downwards. Over the same time period, 3 analysts revised their FY earnings estimates upwards, while 8 analysts made negative revisions to their fiscal year's 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 lower than its 52-week 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 stock has a market capitalization of $9.39 billion. FANG's next earnings release will be on 0000-00-00, which is days away.