NasdaqGS - Delayed Quote • USD
Diamondback Energy, Inc. (FANG)
At close: April 19 at 4:00 PM EDT
After hours: April 19 at 7:32 PM EDT
Earnings Estimate
| CURRENCY IN USD | Current Qtr. (Mar 2024) | Next Qtr. (Jun 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| No. of Analysts | 22 | 21 | 24 | 21 |
| Avg. Estimate | 4.29 | 4.57 | 18.24 | 19.95 |
| Low Estimate | 3.12 | 3.16 | 13.41 | 16.5 |
| High Estimate | 4.73 | 5.25 | 21.7 | 25.59 |
| Year Ago EPS | 4.1 | 3.68 | 18.01 | 18.24 |
Revenue Estimate
| CURRENCY IN USD | Current Qtr. (Mar 2024) | Next Qtr. (Jun 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| No. of Analysts | 15 | 15 | 18 | 16 |
| Avg. Estimate | 2.07B | 2.13B | 9.05B | 15.4B |
| Low Estimate | 1.83B | 1.86B | 7.62B | 14.22B |
| High Estimate | 2.19B | 2.34B | 10.79B | 17.43B |
| Year Ago Sales | 1.93B | 1.92B | 8.41B | 9.05B |
| Sales Growth (year/est) | 7.50% | 11.30% | 7.60% | 70.20% |
Earnings History
| CURRENCY IN USD | 3/31/2023 | 6/30/2023 | 9/30/2023 | 12/31/2023 |
|---|---|---|---|---|
| EPS Est. | 4.33 | 3.9 | 5.01 | 4.66 |
| EPS Actual | 4.1 | 3.68 | 5.49 | 4.74 |
| Difference | -0.23 | -0.22 | 0.48 | 0.08 |
| Surprise % | -5.30% | -5.60% | 9.60% | 1.70% |
EPS Trend
| CURRENCY IN USD | Current Qtr. (Mar 2024) | Next Qtr. (Jun 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| Current Estimate | 4.29 | 4.57 | 18.24 | 19.95 |
| 7 Days Ago | 4.26 | 4.53 | 18.23 | 20 |
| 30 Days Ago | 4.19 | 4.27 | 17.4 | 19.91 |
| 60 Days Ago | 4.32 | 4.42 | 17.97 | 20.26 |
| 90 Days Ago | 4.51 | 4.58 | 18.9 | 19.85 |
EPS Revisions
| CURRENCY IN USD | Current Qtr. (Mar 2024) | Next Qtr. (Jun 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| Up Last 7 Days | 3 | 3 | 3 | 3 |
| Up Last 30 Days | 9 | 9 | 10 | 9 |
| Down Last 7 Days | -- | -- | -- | -- |
| Down Last 30 Days | 3 | 2 | 3 | 2 |
Growth Estimates
| CURRENCY IN USD | FANG | Industry | Sector | S&P 500 |
|---|---|---|---|---|
| Current Qtr. | 4.60% | -- | -- | 1.60% |
| Next Qtr. | 24.20% | -- | -- | 10.50% |
| Current Year | 1.30% | -- | -- | 5.20% |
| Next Year | 9.40% | -- | -- | 13.30% |
| Next 5 Years (per annum) | 2.00% | -- | -- | 11.22% |
| Past 5 Years (per annum) | 49.90% | -- | -- | -- |
Research Analysis
Analyst Price Targets
Fair Value
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Analyst Recommendations
- Strong Buy
- Buy
- Hold
- Underperform
- Sell
Earnings
Upgrades & Downgrades
| Maintains | Piper Sandler: Overweight to Overweight | 4/19/2024 |
| Maintains | Morgan Stanley: Overweight to Overweight | 4/15/2024 |
| Maintains | Scotiabank: Sector Outperform to Sector Outperform | 4/11/2024 |
| Maintains | Mizuho: Buy to Buy | 4/11/2024 |
| Initiated | Barclays: Equal-Weight | 4/10/2024 |
| Maintains | Truist Securities: Buy to Buy | 4/5/2024 |
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