FANG
NASDAQ · Energy
Diamondback Energy Inc
$197.06
+5.28 (+2.75%)
Performance
1D
—
1W
—
1M
—
3M
+34.69%
6M
+32.92%
1Y
+21.94%
YTD
+29.36%
Open$194.20
Previous Close$191.78
Day High$199.96
Day Low$194.20
52W High$177.02
52W Low$114.00
Volume—
Avg Volume2.05M
Market Cap50.41B
P/E Ratio12.01
EPS$14.44
SectorEnergy
Technical Indicators
Full analysis →
SMA 50
$155.99
Above
SMA 200
$146.31
Above
RSI (14)
64.9
Neutral
Trend
Golden Cross
Bullish
Analyst Ratings
Strong Buy
38 analysts
Price Target
-16.7% upside
Current
$197.06
$197.06
Target
$164.23
$164.23
$93.53
$164.23 avg
$183.64
Key Financials
| FY 2026 | FY 2025 | FY 2024 | |
|---|---|---|---|
| Revenue | 15.01B | 12.76B | 563.33M |
| Net Income | 4.53B | 3.46B | 32.71M |
| Profit Margin | 30.2% | 28.7% | 5.8% |
| EBITDA | 9.94B | 8.02B | 56.95M |
| Free Cash Flow | — | — | 24.86M |
| Rev Growth | +17.6% | +17.6% | +12.5% |
| Debt/Equity | 0.34 | 0.34 | 0.23 |
Dividend
Dividend Yield2.29%
Annual Dividend$6.72
Payout Ratio47.3%
Frequencyquarterly
Ex-DividendMar 14, 2026
Pay DateMar 28, 2026
About Diamondback Energy Inc
Diamondback Energy, Inc. is a leading independent oil and natural gas company headquartered in Midland, Texas, focused on the acquisition, development, and exploitation of unconventional oil and natural gas reserves in the Permian Basin. The company operates primarily in the Midland and Delaware basins, two of the most productive sub-plays within the larger Permian Basin. Diamondback is one of the largest pure-play Permian Basin operators and has grown significantly through a combination of organic development and strategic acquisitions. Its low-cost structure and high-quality acreage position it among the most capital-efficient producers in United States unconventional oil and gas.
Energy Peers
| Symbol | Name | Price | Change | P/E | Mkt Cap |
|---|---|---|---|---|---|
| XOM | Exxon Mobil Corp | $165.38 | +2.64% | 22.1 | 637.07B |
| CVX | Chevron Corporation | $206.79 | +0.77% | 30.3 | 372.06B |
| ENB | Enbridge Inc | $54.44 | +0.52% | 21.6 | 161.85B |
| TTE | Totalenergies Se | $88.79 | -0.39% | 8.3 | 168.10B |
| COP | Conocophillips | $129.35 | +1.70% | 19.4 | 155.27B |
| CNQ | Canadian Natural Resources | $49.02 | +1.32% | 13.4 | 144.98B |
FANG Frequently Asked Questions
What does Diamondback Energy do?
Diamondback Energy drills for oil and natural gas exclusively in the Permian Basin of West Texas and New Mexico, one of the most prolific and lowest-cost onshore oil-producing regions in the world. The company grew through a combination of organic drilling and acquisitions, culminating in its large 2024 acquisition of Endeavor Energy, which significantly expanded its Permian acreage and production. Diamondback generates revenue almost entirely from crude oil sales, with natural gas and natural gas liquids representing smaller contributions. The business model is straightforward: drill the best wells possible, keep costs low, and return cash to shareholders.
Is FANG stock a good investment?
Diamondback is widely considered one of the highest-quality Permian Basin operators, with among the lowest all-in costs per barrel of any major independent producer. This low-cost structure means the company generates free cash flow even when oil prices are moderate, and substantial cash flows when prices are elevated. Management has adopted a tiered capital return policy — a fixed base dividend, a variable dividend tied to free cash flow, and buybacks — that distributes most excess cash to shareholders. The primary risk is oil price decline, which compresses free cash flow and the variable component of returns.
Who are Diamondback Energy's main competitors?
ExxonMobil (which acquired Pioneer Natural Resources) is now a formidable Permian force with superior capital and scale. Devon Energy competes across the Permian and other basins with a similar variable dividend return model. Coterra Energy has significant Permian acreage alongside Marcellus Shale natural gas. Permian Resources competes in the Delaware Basin sub-region. Occidental Petroleum operates large-scale Permian production alongside chemical businesses, competing for some of the same tier-1 acreage that Diamondback targets.
Does Diamondback Energy pay dividends?
Diamondback pays a base-plus-variable dividend structure, where the base dividend is set at a level management commits to through oil price cycles, and the variable dividend distributes a significant portion of free cash flow above what capital spending and the base dividend require. This model directly links shareholder returns to oil price performance — in strong crude markets, total dividends per share are meaningfully higher than the base alone. Management has targeted returning the majority of free cash flow to shareholders, with buybacks used alongside dividends depending on stock valuation.
What is the current share price of FANG?
FANG last closed at $197.06, up 2.75% in the most recent trading session. Over the past 52 weeks, the stock has traded between a low of $114.00 and a high of $177.02. The current price represents 100% of its 52-week range, which helps investors gauge where the stock sits relative to its recent trading history.
Is FANG rated a buy or sell by analysts?
Among 38 analysts covering FANG, the consensus rating is Strong Buy — 36 rate it a buy, 2 hold, and 0 sell. The average price target sits at $164.23, implying 17% downside from the current price. Keep in mind that analyst targets reflect 12-month expectations and can shift quickly after earnings reports or major company events.
What are Diamondback Energy Inc's earnings?
Diamondback Energy Inc generated $15.01B in revenue during fiscal year 2026, with $4.53B reaching the bottom line as net income. The net profit margin of 30.2% is strong by most industry standards.
How is FANG valued compared to earnings?
FANG trades at a P/E ratio of 12.01 on trailing earnings of $14.44 per share. That's below the S&P 500 average, suggesting the market may see limited growth or is pricing in sector-specific risks. Comparing this multiple against Energy sector peers gives better context than the broad market alone, since P/E norms vary significantly across industries.
What is FANG's return over the past year?
Performance varies across timeframes, reflecting shifting market conditions. Returns by timeframe: +34.69% (3M), +32.92% (6M), +21.94% (1Y), +29.36% (YTD). Comparing these figures against the S&P 500 and sector benchmarks helps determine whether FANG is outperforming or lagging the broader market.