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 $194.96, up 0.46% from the previous day, and has increased 22.73% in one year. It has overperformed other stocks in the Oil & Gas E&P industry by 0.08 percentage points. Diamondback Energy stock is currently +33.81% from its 52-week low of $145.70, and -9.11% from its 52-week high of $214.50.
At the moment, there are 178.39M shares of FANG outstanding. The market value of FANG is $34.78B. In the past 24 hours, 1.37M 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
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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 overvalued based on its P/E ratio of 10.08x, relative to Oil & Gas E&P industry P/E ratio of 8.1x
- FANG could be overvalued based on its P/B ratio of 1.99x, relative to Oil & Gas E&P industry P/B ratio of 1.87x
You can access more valuation research on FANG's stock here.
FANG Financial Health Summary
Passed Financial Due Diligence Checks:
- FANG earnings of $4.66B is not sufficient to cover its interest payments.
- FANG's operating cash flow of $5.85B allows it to safely service it's debt of $11.98B.
- There are more short-term assets than short-term liabilities on the FANG balance sheet.
Failed Financial Due Diligence Checks:
- Total FANG debt is higher than 5 years ago, relative to shareholder equity.
- FANG profit margin has gone down from 41.6% to 37.5% in the past year.
- There are more long-term liabilities than short-term assets on the FANG balance sheet.
- FANG has a relatively high debt to equity ratio of 0.98.
Do Wall Street analysts think it's a good time to buy Diamondback Energy stock
Out of 19 sell side analysts who give forecasts on FANG, the consensus analyst rating on FANG is a Strong Buy
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
Latest FANG Analyst Recommendations
Roger Read, a top 5% analyst from Wells Fargo maintains FANG with a strong buy rating and lowers their FANG price target from $230.00 to $219.00, on Oct 1, 2024.
Wells Fargo's Roger Read lowered their price target on Diamondback Energy (NASDAQ: FANG) by 4.8% from $230 to $219 on 2024/10/01. The analyst maintained their Strong Buy rating on the stock.
In an Energy (Exploration & Production) sector review note, Read said they adjusted their estimates to account for Wells Fargo's updated commodity price decks and investment forecast.
The analyst reported that their expectations for long-term oil and gas prices are unchanged from $80 and $3.50 for Brent and Henry Hub, respectively.
Given continued operational efficiency gains and service costs drop, Read predicted that the E&P sector could maintain higher capital efficiency throughout 2025.
Wells Fargo thinks "this might offset the impacts of resource maturity," the analyst noted.
Stephen Richardson, a top 15% analyst from Evercore ISI Group maintains FANG with a buy rating and lowers their FANG price target from $235.00 to $209.00, on Sep 30, 2024.
Neal Dingmann, a top 1% analyst from Truist Securities maintains FANG with a strong buy rating and lowers their FANG price target from $255.00 to $220.00, on Sep 30, 2024.
Josh Silverstein, a top 24% analyst from UBS maintains FANG with a strong buy rating and lowers their FANG price target from $247.00 to $223.00, on Sep 18, 2024.
Scott Hanold, a top 5% analyst from RBC Capital reiterates FANG with a buy rating and maintains their FANG price target from $220.00 to $220.00, on Sep 17, 2024.
You can dive deeper into what analysts are projecting on the Diamondback Energy stock forecast page.
FANG Momentum
FANG Growth Numbers
Last year, FANG earnings were $3.48B. During the last 5 year, FANG's earnings have gone up by 24.79% per year. This was faster than the Oil & Gas E&P industry average of 6.74%.
Last year, FANG revenue was $9.28B. In the past five year, FANG's revenue has grown by 24.88% per year. This was faster than the Oil & Gas E&P industry average of 12.27%.
Dig into FANG's earnings and revenue performance here.
Latest Insiders Trades at FANG
Over the past year, executives and large shareholders at FANG have sold more shares than they have bought.
Lyndal Greth, 10% Owner of FANG, was the latest FANG insider to sell. They sold $726,893,146.66 worth of FANG stock on Sep 23, 2024.
Learn more about who owns FANG stock here.
Can I get consistent income from FANG stock?
Diamondback Energy pays a dividend of 5.52%, compared to the Oil & Gas E&P industry's average dividend yield of 3.87%. If you owned $1,000 worth of FANG stock, you would have received $55.19 in the past 12 months.
Diamondback Energy dividend payments have consistently grown over the past 7 years but have not remained stable.
Get more info about Diamondback Energy dividend yield and history here.
FANG Social Trading Data
One of the reasons eToro is our highest-rated 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
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount limit, use a limit order.
Press the Open button and eToro will place the order.
If you want more info about investing in stocks on eToro, click the how to video below:
Step 6: Track your investment in FANG
Now that you own some FANG shares, you'll want to stay up-to-date on your shares.
Add FANG to a watchlist to get the latest updates about 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 need a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Diamondback Energy, create a watchlist today.
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