Diamondback Energy (FANG) stock forecast for 2023. Forecast tables and graphs.

Diamondback Energy (FANG) stock forecast for 2023

Last update: September 19, 2022 (08:53)

Sector: Energy

The share price of Diamondback Energy, Inc. (FANG) now

What analysts predict:: $175.83

52-week high/low: $158.52 / $73.03

50/200 Day Moving Average: $126.13 / $128.41

This figure corresponds to the average price over the previous 50/200 days. For Diamondback Energy stocks, the 50-day moving average is the support level today.

For Diamondback Energy stocks, the 200-day moving average is the support level today.

Are you interested in Diamondback Energy stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Diamondback Energy stock price in 2023. How much will one Diamondback Energy share be worth in 2023?

Is it worth taking profit / loss on Diamondback Energy stock now or waiting? What are analysts' forecasts for Diamondback Energy stock?

We forecast Diamondback Energy stock performance using neural networks based on historical data on Diamondback Energy stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.

The Diamondback Energy stock prediction results are shown below and presented as a graph, table and text information.

Diamondback Energy stock forecasts are adjusted once a day based on the closing price of the previous trading day.

The minimum target price for Diamondback Energy analysts is $175.83.

Today 200 Day Moving Average is the support level (128.41 $).

50 Day Moving Average is the support level (126.13 $).





Historical and forecast chart of Diamondback Energy stock

The chart below shows the historical price of Diamondback Energy stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Diamondback Energy stock price can be found in the table below.

Diamondback Energy (FANG) Forecast for 2023

Month Target Pes. Opt. Vol., %
Jan 112.29 107.04 117.41 8.84 %
Feb 102.99 94.96 107.20 11.41 %
Mar 97.55 94.39 101.54 7.03 %
Apr 99.90 92.34 104.45 11.59 %
May 96.42 93.18 100.01 6.83 %
Jun 96.30 88.33 101.62 13.08 %
Jul 104.05 99.30 110.66 10.27 %
Aug 108.54 104.37 118.96 12.26 %
Sep 111.02 102.49 121.27 15.49 %
Oct 111.95 104.43 122.70 14.89 %
Nov 122.29 112.17 128.60 12.78 %
Dec 119.51 113.20 129.69 12.72 %

Diamondback Energy information and performance

Diamondback Energy, Inc., an independent oil and gas company, specializes in the acquisition, development, exploration and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin of West Texas. It focuses on the development of the Spraberry and Wolfcamp formations in the Midland Basin; and the Wolfcamp and Bone Spring Formations in the Delaware Basin, which are part of the Permian Basin in West Texas and New Mexico.

Diamondback Energy Address

500 WEST TEXAS, SUITE 1210, MIDLAND, TX, US

Market Capitalization: 23 577 846 000 $

Market capitalization is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of shares in the company outstanding by the market price of one share.

EBITDA: 6 577 000 000 $

EBITDA is earnings before interest, income tax and depreciation of assets.

PE Ratio: 6.16

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: 3.275

Price/earnings to growth

DPS: 7.2

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: 0.0906

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: 21.54

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: 3.665

Quarterly Revenue Growth YOY: 0.565

Trailing PE: 6.16

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: 5.52

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 3.183

Enterprise Value (EV) /Revenue

EV To EBITDA: 4.434

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 177785000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A

Percent Insiders: N/A

Percent Institutions: N/A

Diamondback Energy price target for 2021 by month


Target values for the price of one Diamondback Energy share for Jan 2023.

The weighted average target price per Diamondback Energy share in Jan 2023 is: 112.29. In Jan, the negative dynamics for Momo shares will prevail with possible monthly volatility of 8.837% volatility is expected.

Pessimistic target level: 107.04

Optimistic target level: 117.41


Target values for the price of one Diamondback Energy share for Feb 2023.

The weighted average target price per Diamondback Energy share in Feb 2023 is: 102.99. In Feb, the negative dynamics for Momo shares will prevail with possible monthly volatility of 11.414% volatility is expected.

Pessimistic target level: 94.96

Optimistic target level: 107.20


Target values for the price of one Diamondback Energy share for Mar 2023.

The weighted average target price per Diamondback Energy share in Mar 2023 is: 97.55. In Mar, the negative dynamics for Momo shares will prevail with possible monthly volatility of 7.033% volatility is expected.

Pessimistic target level: 94.39

Optimistic target level: 101.54


Target values for the price of one Diamondback Energy share for Apr 2023.

The weighted average target price per Diamondback Energy share in Apr 2023 is: 99.90. In Apr, the positive dynamics for Momo shares will prevail with possible monthly volatility of 11.591% volatility is expected.

Pessimistic target level: 92.34

Optimistic target level: 104.45


Target values for the price of one Diamondback Energy share for May 2023.

The weighted average target price per Diamondback Energy share in May 2023 is: 96.42. In May, the negative dynamics for Momo shares will prevail with possible monthly volatility of 6.826% volatility is expected.

Pessimistic target level: 93.18

Optimistic target level: 100.01


Target values for the price of one Diamondback Energy share for Jun 2023.

The weighted average target price per Diamondback Energy share in Jun 2023 is: 96.30. In Jun, the negative dynamics for Momo shares will prevail with possible monthly volatility of 13.078% volatility is expected.

Pessimistic target level: 88.33

Optimistic target level: 101.62


Target values for the price of one Diamondback Energy share for Jul 2023.

The weighted average target price per Diamondback Energy share in Jul 2023 is: 104.05. In Jul, the positive dynamics for Momo shares will prevail with possible monthly volatility of 10.267% volatility is expected.

Pessimistic target level: 99.30

Optimistic target level: 110.66


Target values for the price of one Diamondback Energy share for Aug 2023.

The weighted average target price per Diamondback Energy share in Aug 2023 is: 108.54. In Aug, the positive dynamics for Momo shares will prevail with possible monthly volatility of 12.263% volatility is expected.

Pessimistic target level: 104.37

Optimistic target level: 118.96


Target values for the price of one Diamondback Energy share for Sep 2023.

The weighted average target price per Diamondback Energy share in Sep 2023 is: 111.02. In Sep, the positive dynamics for Momo shares will prevail with possible monthly volatility of 15.489% volatility is expected.

Pessimistic target level: 102.49

Optimistic target level: 121.27


Target values for the price of one Diamondback Energy share for Oct 2023.

The weighted average target price per Diamondback Energy share in Oct 2023 is: 111.95. In Oct, the positive dynamics for Momo shares will prevail with possible monthly volatility of 14.890% volatility is expected.

Pessimistic target level: 104.43

Optimistic target level: 122.70


Target values for the price of one Diamondback Energy share for Nov 2023.

The weighted average target price per Diamondback Energy share in Nov 2023 is: 122.29. In Nov, the positive dynamics for Momo shares will prevail with possible monthly volatility of 12.780% volatility is expected.

Pessimistic target level: 112.17

Optimistic target level: 128.60


Target values for the price of one Diamondback Energy share for Dec 2023.

The weighted average target price per Diamondback Energy share in Dec 2023 is: 119.51. In Dec, the negative dynamics for Momo shares will prevail with possible monthly volatility of 12.716% volatility is expected.

Pessimistic target level: 113.20

Optimistic target level: 129.69




Diamondback Energy (FANG) stock dividend

Diamondback Energy last paid dividends on 08/15/2022. The next scheduled payment will be on 08/23/2022. The amount of dividends is $7.2 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.

Last Split Date: 01/01/1970

Last Split Factor:


Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization.

For example, a 5: 1 ratio means that the value of one share will decrease 5 times, the total amount will increase 5 times. It is important to understand that this procedure does not change the capitalization of the company, as well as the total value of assets held in private hands.


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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.