Companies /Energy

Diamondback Energy Inc

NASDAQ: FANG Oil & Gas E&p
$199.74
▼ $12.34 (−5.82%) today
Markets open · 3:56pm ET

24/7 Wall St. View

Price Prediction $199.44 +0.0% Our analysts’ 12-month view: target, optimistic case, and floor. FANG price prediction → Earnings Beat +4.6% EPS vs. the estimate, revenue, and how the market reacted. FANG earnings history →

FANG at a Glance

Valuation
Market cap
$56.2B
P/E ratio
38.1
Dividend yield
2.00%
Profitability
Revenue (TTM)
$16.2B
Profit margin
9.0%
EPS (TTM)
$5.25
Price
52-week range
$134 – $217
24/7 target
$199.44
Street target
$239.45
Earnings
Q3 2026 EPS
$5.86
vs. $5.60 est.
+4.6%

Headquartered in Midland, TX Fiscal year ends December NASDAQ: FANG diamondbackenergy.com

About Diamondback Energy

Diamondback Energy is an independent oil and natural gas producer. It acquires, develops, explores and exploits unconventional onshore reserves, primarily in the Permian Basin of West Texas.

Operations:
- Activity is concentrated in the Midland Basin, where it co-develops 8+ zones, including the Spraberry, Jo Mill, Dean, Wolfcamp A/B/D and the emerging Barnett/Woodford play, where it holds 224,000 net acres.
- Q3 2026 production averaged about 525 MBO/d of oil (1,034 MBOE/d).

Revenue sources:
- Sales of oil, natural gas and NGLs.
- Purchased oil marketing.
- Its consolidated mineral and royalty subsidiary, Viper Energy, which has made acquisitions including Sitio, Riverbend and McElroy Ranch.

Strategic expansion:
- Midstream and gas egress, including a 7.5% equity interest in the Solitude Permian-to-Katy natural gas pipeline.
- Natural gas sales to LNG and power markets.
- Positioning its fuel, land and water assets for West Texas data center development.

Capital returns: The company pays a growing base dividend, now $4.72 per share annualized, and repurchases stock opportunistically. Updated

Revenue by Segment · Q3 2026
  1. Oil, Natural Gas and NGL Sales89%
  2. Purchased Oil Sales10%

Latest Activity

FANGDiamondback Energy
Dividend raised$1.18/sh+18% vs prior · payable 2026-11-19

Diamondback lifted its quarterly payout 18% to $1.18 a share, payable November 19, a sign management sees free cash flow holding up while shale peers trim spending.

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FANGDiamondback Energy
Regular session
$199.32
-4.49%open $208.70

A 4.49% slide to $199.32 lands the same day Diamondback reported Q3 results alongside insider selling, and it knocks the stock back below the $200 line. For a $55.8 billion Permian producer, a move this size in one session is worth watching.

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Biggest movers · At the close
Gainers
  • EQNREquinor$46.98+4.6%
  • FANGDiamondback Energy$203.91+4.3%
  • KMIKinder Morgan$34.22+4.3%
  • TRGPTarga Resources$294.22+4.1%
  • NOCNorthrop Grumman$519.75+4.0%
Losers
  • CRWVCoreWeave$61.12-12.3%
  • APLDApplied Digital$17.95-11.9%
  • IRENIREN$26.95-11.3%
  • CIFRCipher Digital$8.95-10.9%
  • DOCNDigitalOcean$98.17-10.3%

Every one of the five worst names at Friday's close was an AI data center or cloud stock, led by CoreWeave's 12.3% drop. The entire winners' list came from energy and defense.

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Biggest movers · At the close
Gainers
  • CIFRCipher Mining$16.66+10.4%
  • BRKRBruker$60.87+9.2%
  • IQiQIYI$1.08+8.0%
  • COHRCoherent$290.33+7.1%
  • AXONAxon Enterprise$471.39+6.6%
Losers
  • ONON Semiconductor$66.66-8.9%
  • FANGDiamondback Energy$195.04-7.8%
  • APPSDigital Turbine$10.78-5.3%
  • ACHRArcher Aviation$5.22-4.6%
  • DUOLDuolingo$148.19-3.7%

Cipher Mining closed the session up 10.4% at $16.66, the widest gain across 111 priority names. At the other end, ON Semiconductor gave up 8.9% and Diamondback Energy 7.8%, a roughly 19-point spread between the best and worst names on the day.

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Frequently Asked Questions

What does Diamondback Energy do?

Diamondback Energy is an independent oil and natural gas producer. It acquires, develops, explores and exploits unconventional onshore reserves, primarily in the Permian Basin of West Texas.

What is the FANG stock price target?

24/7 Wall St.'s 12-month price target for FANG is $199.44, rated Hold. The Wall Street consensus target is $239.45. FANG price prediction →