Earnings preview: What to expect from Diamondback Energy's report
Midland, Texas-based Diamondback Energy, Inc. (FANG) is an independent oil and natural gas company that acquires, develops, ...
Model output · Signal date 2026-10-16
Diamondback Energy, Inc. (FANG) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Rating · 90D
▲ Bullish
Exact rating locked
90-day forecast
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30-day forecast
Alpha
Rank in coverage
Top 35%
of 5171 stocks scored
Rank correlation · 90D
-14.0%
Spearman, 357 dates
Market Cap
$57.11B
large-cap · #9 of 60 peers
Summary
Diamondback Energy, Inc. (FANG) stock forecast summary
Our AI ranks Diamondback Energy, Inc. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Diamondback Energy, Inc. is a large-cap company with a market capitalization of $57.11B. It ranks number 9 by market capitalization among the 60 Crude Petroleum & Natural Gas issuers in our coverage with a current forecast.
For FANG, the Spearman rank correlation between our 90-day forecasts and the returns that followed is -14.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 4.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.7%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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FANG price chart and AI forecast
Cross-section · 2026-10-16
How FANG ranks among 5171 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-06-30
Diamondback Energy, Inc. (FANG) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Crude Petroleum & Natural Gas peers listed below that report each metric.
Valuation & Market
| Metric | FANG | Rank |
|---|---|---|
| Market Cap | $57.11B | 9/60 |
| P/E Ratio | 39.45x | 3/41 |
| P/B Ratio | 1.51x | 22/39 |
| Dividend Yield | 2.07% | 16/24 |
| EPS | $5.17 | – |
| Book Value/Share | $135.35 | – |
| Revenue/Share | $61.07 | – |
Profitability & Margins
| Metric | FANG | Rank |
|---|---|---|
| ROE | 3.8% | 27/33 |
| ROA | 2.0% | 28/35 |
| ROIC | 1.7% | 27/36 |
| Operating Margin | 6.3% | 31/40 |
| Net Margin | 8.4% | 25/35 |
| EBT Margin | 10.8% | 29/48 |
| Tax Rate | 18.0% | – |
Financial Health
| Metric | FANG | Rank |
|---|---|---|
| Current Ratio | 0.47x | 50/54 |
| Quick Ratio | 0.45x | 21/25 |
| D/E Ratio | 0.69x | 37/49 |
| Financial Leverage | 1.85x | 28/43 |
| Interest Coverage | 17.8x | 9/40 |
| Working Capital | -$3.03B | 53/54 |
Cash Flow
| Metric | FANG | Rank |
|---|---|---|
| Operating Cash Flow | $10.14B | 8/54 |
| OCF Growth YoY | 33.8% | 13/48 |
Operational Efficiency
| Metric | FANG | Rank |
|---|---|---|
| Asset Turnover | 0.24x | 39/43 |
| Receivables Turnover | 10.2x | 19/43 |
| Fixed Assets Turnover | 0.3x | 42/43 |
| Days Sales Outstanding | 36 days | 25/43 |
Income Statement
| Metric | FANG | Rank |
|---|---|---|
| Total Revenue | $17.10B | 10/53 |
| Operating Income | $1.08B | 15/43 |
| Net Income | $1.44B | 11/38 |
| SG&A Expense | $299M | 5/10 |
Dividend & Shareholder Information
| Metric | FANG | Rank |
|---|---|---|
| Dividends Per Share | $4.21 | – |
| Payout Ratio | 81.4% | 3/19 |
| Shares Outstanding | 280M | – |
| Net Income Growth | -62.4% | 26/28 |
| EPS Growth | -62.5% | 27/34 |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $2.65B | 4.1% of assets |
| Cash & Short-term Investments | $462M | 0.7% of assets |
| Accounts Receivable | $1.67B | 2.6% of assets |
| Inventory | $67M | 0.1% of assets |
| Total Liabilities | $26.23B | 41.0% of assets |
Quarterly Financial Reports
FANG quarterly financials and insider trading
Industry Peers · Crude Petroleum & Natural Gas
Diamondback Energy, Inc. (FANG) industry peers
Companies classified under the same SEC industry code as Diamondback Energy, Inc. (Crude Petroleum & Natural Gas): 60 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| FANG Diamondback Energy, Inc. | ▲ | $57.11B |
| SHEL Shell Plc | ▼ | $298.93B |
| TTE Totalenergies Se | ▼ | $195.26B |
| PBR Petrobras - Petroleo Brasileiro Sa | ▶ | $163.05B |
| CNQ Canadian Natural Resources Ltd | ▼ | $111.99B |
| E Eni Spa | ▼ | $97.06B |
| EOG Eog Resources Inc | ▶ | $82.88B |
| CVE Cenovus Energy Inc. | ▶ | $62.04B |
| OXY Occidental Petroleum Corp /De/ | ▼ | $60.65B |
| DVN Devon Energy Corp/De | ▼ | $55.80B |
| WDS Woodside Energy Group Ltd | ▼ | $44.24B |
| EC Ecopetrol S.A. | ▶ | $36.80B |
| EQT Eqt Corp | ▼ | $33.97B |
| EXE Expand Energy Corp | ▼ | $22.24B |
| PR Permian Resources Corp | ▶ | $19.77B |
| OVV Ovintiv Inc. | ▶ | $18.22B |
| APA Apa Corp | ▼ | $17.22B |
| AR Antero Resources Corp | ▼ | $11.88B |
| SSL Sasol Ltd | ▲ | $10.34B |
| RRC Range Resources Corp | ▶ | $9.68B |
| SM Sm Energy Co | ▶ | $8.92B |
| CHRD Chord Energy Corp | ▶ | $8.45B |
| MTDR Matador Resources Co | ▶ | $6.65B |
| MGY Magnolia Oil & Gas Corp | ▶ | $5.81B |
| MUR Murphy Oil Corp | ▶ | $5.71B |
| CRGY Crescent Energy Co | ▲ | $5.65B |
| CNX Cnx Resources Corp | ▶ | $5.31B |
| CRC California Resources Corp | ▶ | $4.54B |
| PARR Par Pacific Holdings, Inc. | ▲ | $4.20B |
| CRK Comstock Resources Inc | ▶ | $4.11B |
| HESM Hess Midstream Lp | ▲ | $3.93B |
| BSM Black Stone Minerals, L.P. | ▼ | $3.40B |
| GPOR Gulfport Energy Corp | ▼ | $2.94B |
| TALO Talos Energy Inc. | ▶ | $2.84B |
| NOG Northern Oil & Gas, Inc. | ▶ | $2.74B |
| BKV Bkv Corp | ▼ | $2.51B |
| VET Vermilion Energy Inc. | ▶ | $1.93B |
| MNR Mach Natural Resources Lp | ▶ | $1.81B |
| KRP Kimbell Royalty Partners, Lp | ▼ | $1.79B |
| KOS Kosmos Energy Ltd. | ▲ | $1.60B |
| GFR Greenfire Resources Ltd. | ▲ | $1.58B |
| DMLP Dorchester Minerals, L.P. | ▼ | $1.49B |
| AESI Atlas Energy Solutions Inc. | ▲ | $1.23B |
| TBN Tamboran Resources Corp | ▶ | $1.11B |
| DEC Diversified Energy Co | ▶ | $1.05B |
| REPX Riley Exploration Permian, Inc. | ▼ | $1.04B |
| INR Infinity Natural Resources, Inc. | ▶ | $791M |
| TXO Txo Partners, L.P. | ▶ | $787M |
| TTI Tetra Technologies Inc | ▶ | $786M |
| OBE Obsidian Energy Ltd. | ▲ | $772M |
| GPRK Geopark Ltd | ▶ | $761M |
| VTS Vitesse Energy, Inc. | ▶ | $733M |
| GRNT Granite Ridge Resources, Inc. | ▶ | $719M |
| EGY Vaalco Energy Inc /De/ | ▲ | $652M |
| SOC Sable Offshore Corp. | ▼ | $637M |
| WHK Whitehawk Minerals Corp. | ▶ | $576M |
| WTI W&T Offshore Inc | ▲ | $552M |
| SD Sandridge Energy Inc | ▶ | $516M |
| GTE Gran Tierra Energy Inc. | ▶ | $386M |
| NUAI New Era Energy & Digital, Inc. | ▶ | $355M |
Where FANG sits on the market map
Energy & Transportation · Crude Petroleum & Natural Gas
News
Diamondback Energy, Inc. (FANG) stock news
FANG - Diamondback Energy, Inc.
Diamondback Energy, Inc. is currently listed on NASDAQ under FANG. One share of FANG stock can currently be purchased for approximately $203.67. Is Diamondback Energy, Inc. (FANG) overvalued or ...
Scotiabank initiates coverage of Diamondback Energy with sector outperform rating
Fintel reports that on 15 October 2026, Scotiabank initiated coverage of Diamondback Energy (LSE:0AD6) with a Sector Outperform recommendation. This action follows a prior action by Scotiabank on 22 ...
FAQ
Diamondback Energy, Inc. (FANG) stock forecast FAQ
What is the Diamondback Energy, Inc. (FANG) stock forecast?
Our AI ranks Diamondback Energy, Inc. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are Diamondback Energy, Inc. stock predictions?
For FANG, the Spearman rank correlation between our 90-day forecasts and the returns that followed is -14.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 4.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Diamondback Energy, Inc. forecasts updated?
Diamondback Energy, Inc. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Diamondback Energy, Inc.'s industry peers?
60 issuers in our coverage, FANG included, share the SEC industry code Crude Petroleum & Natural Gas. The largest are: Shell Plc (SHEL), Totalenergies Se (TTE), Petrobras - Petroleo Brasileiro Sa (PBR), Canadian Natural Resources Ltd (CNQ), Eni Spa (E), Eog Resources Inc (EOG).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.