How to Buy Diamondback Energy Stock
Diamondback Energy Inc
Diamondback Energy, Inc. , an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas.
Diamondback Energy stock last closed at $200.74, up 0.57% from the previous day, and has increased 39.72% in one year. It has overperformed other stocks in the Oil & Gas E&P industry by 0.24 percentage points. Diamondback Energy stock is currently +62.66% from its 52-week low of $123.41, and -5.29% from its 52-week high of $211.96.
At the moment, there are 178.45M shares of FANG outstanding. The market value of FANG is $35.82B. In the past 24 hours, 1.8M FANG shares were traded.
How to Buy Diamondback Energy Stock
Wondering how to invest in Diamondback Energy stock? Here's how.
- Figure out where to buy Diamondback Energy stock: You need to choose an online brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you determine where to buy Diamondback Energy stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Choose your method of payment and add your information.
- Research Diamondback Energy stock: The Diamondback Energy ticker symbol is FANG. Is Diamondback Energy stock a good investment? Should you buy shares of FANG? How do FANG's underlying business fundamentals look? Do top analysts think Diamondback Energy is a good buy? Why has FANG's stock price moved recently? (Hint: Our stock analysis website can help you decide if FANG is a good stock to buy).
- Place your FANG purchase: Decide if you will purchase FANG shares at the current market price or use a limit order to buy FANG stock at a specific price.
- Track your investment in FANG: Create a watchlist to keep track of your new investment in Diamondback Energy stock.
Step 1: Figure out where to buy Diamondback Energy stock
You need an online brokerage account in order to access the NASDAQ market and buy FANG shares.
Our preferred brokerage: eToro
Based on our research, eToro is the best stock brokerage. Here's why:
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- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of stock by signing up for an account with eToro today.
Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the right brokerage, it's time to fill out some personal info so you are able to invest in FANG today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to open your new trading account.
- Send your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've created your account on stock market apps, you need to deposit funds:
Watch the tutorial below for more details depositing money into your new brokerage account.
Step 4: Research Diamondback Energy stock
Once you have figured out the best place to buy Diamondback Energy stock, it's crucial to analyze their stock before you invest, so you truly comprehend the risk and upside.
Diamondback Energy Metrics
Fundamentals of Diamondback Energy
WallStreetZen was designed to help part-time investors do more accurate fundamental analysis quickly.
You can see all of the due diligence checks on FANG's stock page.
Is FANG stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge FANG's intrinsic value.
Using relative valuations methods:
- FANG could be undervalued based on its P/E ratio of 11.58x, relative to Oil & Gas E&P industry P/E ratio of 13.21x
- FANG could be overvalued based on its P/B ratio of 2.15x, relative to Oil & Gas E&P industry P/B ratio of 2.13x
- FANG could be undervalued based on its PEG ratio of 0.47x
You can do more valuation analysis on FANG's stock here.
FANG Financial Summary
Passed Financial Due Diligence Checks:
- FANG's operating cash flow of $5.92B allows it to safely service it's debt of $6.64B.
- FANG earnings of $4.23B is not sufficient to cover its interest payments.
Failed Financial Due Diligence Checks:
- There are more long-term liabilities than short-term assets on the FANG balance sheet.
- FANG profit margin has gone down from 45.5% to 37.4% in the past year.
- FANG has a relatively high debt to equity ratio of 0.7.
- There are more short-term liabilities than short-term assets on the FANG balance sheet.
- Total FANG debt is higher than 5 years ago, relative to shareholder equity.
Do analysts think it's a good time to buy Diamondback Energy stock
Out of 17 Equities analysts who track FANG, the consensus analyst rating on Diamondback Energy is a Strong Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
Most Recent FANG Analyst Upgrades/Downgrades
Neal Dingmann, a top 1% analyst from Truist Securities maintains FANG with a strong buy rating and lowers their FANG price target from $250.00 to $248.00, on Apr 5, 2024.
Truist Securities's Neal Dingmann lowered their price target on Diamondback Energy (NASDAQ: FANG) by 0.8% from $250 to $248 on 2024/04/05. The analyst maintained their Strong Buy rating on the stock.
The analyst made their price target move after taking a deep dive into names in their Energy (Oil & Gas Exploration & Production) portfolio.
With the combination of a solid 2024 commodity landscape, potentially lower oilfield equipment and services pricing, continued routine operations for most names in the space, and the maintenance of material shareholder returns, there is no reason not to give the space a "Strong Buy" rating, Dingmann said.
The analyst told readers that Truist Securities expects "the sector's current underweight positioning to change," stating that recent discussions indicate only the "Long Onlys" remain underweight on the energy sector compared to the firm's benchmark.
Stephen Richardson, a top 10% analyst from Evercore ISI Group maintains FANG with a buy rating and raises their FANG price target from $185.00 to $215.00, on Mar 25, 2024.
Derrick Whitfield, a top 12% analyst from Stifel Nicolaus maintains FANG with a strong buy rating and raises their FANG price target from $192.00 to $224.00, on Mar 22, 2024.
Tim Rezvan, a top 18% analyst from KeyBanc maintains FANG with a strong buy rating and raises their FANG price target from $186.00 to $210.00, on Mar 21, 2024.
Roger Read, a top 3% analyst from Wells Fargo maintains FANG with a strong buy rating and raises their FANG price target from $189.00 to $203.00, on Mar 12, 2024.
You can dig deeper into what analysts are saying on the Diamondback Energy stock forecast page.
FANG Momentum
FANG Performance Metrics
Last year, FANG earnings were $3.14B. Over the past five year, FANG's earnings have grown by 16.47% per year. This was faster than the Oil & Gas E&P industry average of 15.48%.
Last year, FANG revenue was $8.41B. In the last 5 year, FANG's revenue has grown by 31.05% per year. This was faster than the Oil & Gas E&P industry average of 19.62%.
You can analyze FANG's earnings and revenue performance here.
Latest Insiders Trades at FANG
In the last year, insiders at FANG have sold more shares than they have bought.
Travis D. Stice, Chief Executive Officer of FANG, was the latest FANG insider to sell. They sold $6,000,060.00 worth of FANG stock on Apr 2, 2024.
Research more about who owns FANG shares here.
Does FANG stock generate passive income?
Diamondback Energy pays a dividend of 4.05%, compared to the Oil & Gas E&P industry's average dividend yield of 3.59%. If you owned $1,000 of FANG stock, you would have been paid $40.45 last year.
Diamondback Energy dividend payments have consistently grown over the past 6 years but have not remained stable.
Get more info about Diamondback Energy dividend yield and history here.
What others are saying about FANG
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your FANG purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given price, place a limit order.
Press the Open button and eToro will place the order.
If you need additional help with buying stocks on eToro, click the how to video below:
Step 6: Track your investment in FANG
Now that you own some shares in FANG, you'll want to keep up with your company.
Put FANG on a watchlist to keep tabs on your FANG stock.
FANG Feed
How to Buy Stock in Diamondback Energy
To reiterate, here are the 6 steps you need to take to buy Diamondback Energy stock right now:
- Figure out where to buy Diamondback Energy stock
- Create a brokerage account
- Deposit money your brokerage account
- Research Diamondback Energy stock
- Place your FANG purchase
- Track your investment in FANG
If you require a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get updates on your investment in Diamondback Energy, click below.
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