FANG closed at $135.66 on July 14. The Company is in our High Yield Income Portfolio, but I'm likely to move it back into the Sweet 16 after I see all of the Q2 results. FANG is a classic Growth Company that pays a decent dividend.
Since I am valuing it a dividend company, I have lowered my valuation by $4 to $173 per share.
If you are investing for high dividend yields, sell FANG and move the money to VNOM.
TipRanks: "In the last 3 months, 15 ranked analysts set 12-month price targets for FANG. The average price target among the analysts is $168.94. The four most recent price target updates submitted to TipRanks are $164, $174, $154, and $184."
Diamondback is a Great America Success Story. It has a rock solid balance sheet, lots of running room and it is on track to generate close to $3 billion of free cash flow this year.
Diamondback Energy (FANG) Update - July 17
Diamondback Energy (FANG) Update - July 17
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group