Diamondback Energy (FANG) Valuation Update - July 30

Post Reply
dan_s
Posts: 34469
Joined: Fri Apr 23, 2010 8:22 am

Diamondback Energy (FANG) Valuation Update - July 30

Post by dan_s »

FANG will release Q2 results on Monday, August 1 that will also include the results of their controlled subsidiaries RTLR and VNOM. All three companies are in our High Yield Income Portfolio.

FANG closed at $128.02 on July 29. It is a big dividend paying company with quarterly "Fixed + Variable" dividends.
> The Q1 dividend was $0.70 + $2.35 = $3.05
> Based on my forecast, their Q2 total dividend should be $3.30 to $3.50.
> Based on Friday's closing price, annualized yield is over 10%

My Pre-Release valuation is $222/share.

TipRanks: "In the last 3 months, 17 ranked analysts set 12-month price targets for FANG. The average price target among the analysts is $180.18. The 17 price targets range from $143 to $224. The most recent updated PT was from John Freeman at Raymond James on 7/26/2022 which rates FANG a BUY with a target price of $190."
Dan Steffens
Energy Prospectus Group
Post Reply