A Closer Look at 15 Analyst Recommendations For Diamondback Energy
Portfolio Pulse from Benzinga Insights
Analysts have provided diverse ratings for Diamondback Energy (NASDAQ:FANG) with 15 recent evaluations. The average 12-month price target is $188.33, with a high of $225.00 and a low of $154.00. Recent actions include both raised and lowered price targets and ratings. Diamondback Energy operates in the Permian Basin with 2 billion barrels of proven reserves and a net production of 386,000 barrels per day. The company's financials show a market cap above industry average, a recent revenue decline of -3.85%, a high net margin of 39.37%, but a lower than average ROE of 5.75% and a strong ROA of 3.29%. The debt-to-equity ratio is healthy at 0.38.
December 20, 2023 | 2:00 pm
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Analysts have mixed views on Diamondback Energy, with recent ratings changes and a new average price target of $188.33. The company's financials indicate a strong market presence but also highlight some challenges in revenue growth and ROE.
The mixed analyst ratings and the recent adjustments to price targets suggest uncertainty, which could lead to a neutral short-term impact on the stock price. The company's strong net margin and market cap are positive, but the revenue decline and lower ROE may concern investors. The overall impact is likely to be balanced as positive and negative factors offset each other.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100