Diamondback Energy (FANG) to Release Earnings on Tuesday

Diamondback Energy (NASDAQ:FANG) is anticipated to post its quarterly earnings results after the market closes on Tuesday, February 25th. Analysts expect Diamondback Energy to post earnings of $3.57 per share and revenue of $3.54 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Diamondback Energy Price Performance

Shares of NASDAQ:FANG opened at $156.99 on Tuesday. The company’s fifty day moving average is $166.15 and its 200 day moving average is $177.70. The company has a quick ratio of 0.42, a current ratio of 0.45 and a debt-to-equity ratio of 0.31. Diamondback Energy has a 52 week low of $152.00 and a 52 week high of $214.50. The stock has a market cap of $45.84 billion, a PE ratio of 8.99, a PEG ratio of 1.24 and a beta of 1.86.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FANG shares. Piper Sandler lowered their target price on Diamondback Energy from $252.00 to $232.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Truist Financial boosted their price objective on Diamondback Energy from $230.00 to $236.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Mizuho cut their target price on shares of Diamondback Energy from $219.00 to $207.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Benchmark reiterated a “buy” rating and set a $195.00 price target on shares of Diamondback Energy in a report on Tuesday, October 29th. Finally, Raymond James raised their price target on shares of Diamondback Energy from $237.00 to $256.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Diamondback Energy presently has an average rating of “Moderate Buy” and a consensus price target of $215.17.

Diamondback Energy Company Profile

Diamondback Energy, Inc, an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.