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.
Many analysts weighed in on price targets for FANG. The most optimistic analyst gave a price target of 179, implying a possible profit of 84.25 percent. The minimum price target given was 93, implying potential capital losses 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. That number becomes 22.21 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -7.18 percent, as compared to a month ago. 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. 3 analysts have revised their quarterly estimates upwards in the past 30 days, while 7 analysts revised their estimates downwards. During this time, 3 analysts made positive revisions in their estimates for this fiscal year's earnings, while 8 analysts decreased their estimates.
In the last 52-weeks, FANG has achieved a high of 114.00 and a low of 82.77. Today's price is 17.37 percent above the 52-week low, 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 stock has a market capitalization of $9.39 billion. FANG's next earnings release will be on 0000-00-00, which is days away.