Diamondback Energy Inc FANG
Stock research in plain language · As of Oct 04, 2026 · updated once a week, after the trading week closes
What the company does
Diamondback Energy Inc is a large-cap company in the Energy sector (Oil & Gas E&P), with a market value of $51.7B, based in the USA.
It employs about 1,762 people and has been listed since Oct 12, 2012.
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, the United States. The company primarily 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, both of which are part of the Permian Basin in West Texas and New Mexico. Diamondback Energy, Inc.
Cheap or expensive? relatively expensive
Its price-to-earnings (P/E) is 35.3 versus 19.9 for the median of the Energy sector in our universe (5 companies) — relatively expensive.
Revenue is growing 52% a year — the market is paying ahead for that growth. If it slows, the high multiple becomes the risk.
On analysts' next-year forecasts the multiple drops to 10.0 — they expect higher earnings.
The average analyst price target is 234.66, 27% above the current price (their view, not ours).
The stock sits at 61% of its one-year range (0% = the low, 100% = the high).
The risks
- No risk flags were detected from the data we have.
Strengths
- ✅ Profitable — 34 of every 100 dollars of revenue stays as profit.
- ✅ Generates free cash flow — profit becomes cash in the bank.
- ✅ Buys back its shares (4% fewer shares in a year).
- ✅ Most analysts rate it buy (26 vs 0).
- ✅ Revenue is growing 52% a year.
- ✅ Pays a dividend (2.3% a year).
What changed this week
Over the past week the stock fell 1.1% (for comparison: S&P 500 -0.2%, sector ETF XLE +1.3%).
This week's news
- Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Schedules Third Quarter 2026 Conference Call for November 3, 2026 finance.yahoo.com · 2026-09-30
- Diamondback Energy, Inc. Schedules Third Quarter 2026 Conference Call for November 3, 2026 finance.yahoo.com · 2026-09-30
- Oil Hovers Around $90: Are Permian Stocks Well Poised to Gain? finance.yahoo.com · 2026-09-30
- 1 Growth Stock with All-Star Potential and 2 We Ignore finance.yahoo.com · 2026-09-29
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A description of facts from the filings and the market — not investment advice or a recommendation. "Cheap" and "expensive" are always relative to the comparison group.