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Stock Analysis
Diamondback Energy, Inc. (FANG)
FANG
FANG · Energy • Oil & Gas
202.95 +1.59%
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52W Range Position
86%
LOWMIDHIGH
Trend
Constructive
Momentum
Neutral
Updated: 2026-08-02 14:46 UTC
WOI Investment Thesis
Constructive
Confirmation improves above 213.69. Holding above 192.22 keeps the current thesis intact.
⚖️
Fundamentals
Improving / Positive
Price Structure
Constructive
Momentum
Neutral
×
Breakout Confirmation
Pending
Risk Level
Moderate
Analysis Scope
1Y Daily
Key Decision Levels
Hold Above
Structure remains valid above support.
192.22
Break Above
Confirmation improves above resistance.
213.69
🎯
Next Objective
Pattern-derived target if setup continues.
×
Thesis Break
Scenario weakens below invalidation.
Below 192.22
Recent Company Events
SEC VERIFIED
Latest material filings
JUL
13
Financial Results
HIGH
FANG reports financial results
certain information for the quarter ended June 30, 2026 regarding its realized prices, derivative activity and weighted average basic and diluted shares outstanding.
8-K Filing SEC EDGAR
JUN
15
$
Debt Financing
HIGH
FANG debt financing update
On June 12, 2026, Diamondback Energy, Inc., as parent guarantor (the “Company”) and Diamondback E&P LLC (the “Borrower”) entered into a seventeenth amendment (the “Amendment”) to the Second Amended and Restated Credit Agreement, dated as of November 1, 2013, with Wells Fargo Bank, National Association, as administra...
8-K Filing SEC EDGAR
MAY
20
Management / Board
MEDIUM
FANG board and management update
above, on May 20, 2026, the Company held the 2026 Annual Meeting at its headquarters located at Fasken Center, 500 West Texas Avenue, Midland, Texas 79701.
8-K Filing SEC EDGAR
What's Driving FANG?
📈 Technical recovery is improving
Momentum is Neutral. Watch 213.69 for confirmation and 192.22 for structure risk.
💼 Business quality remains relevant
Fundamentals remain relevant. Check growth, profitability, cash flow and balance sheet quality.
⚠️ Key risk remains
Below 192.22
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Technical Signal
Technical Setup Active
An active technical structure is present. Use trigger, target, stop and watch levels for context.
Downtrend Structure
Downtrend line not broken yet · score 37
Trigger
206.32
RSI(14)
59.8
How to read this setup
The next meaningful technical decision is likely to occur between support at 192.22 and resistance at 203.16. A cleaner push through resistance would improve continuation odds, while a loss of support would weaken the current thesis.
Price Chart
FANG — 1D Chart
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Valuation Snapshot (TTM)
Full valuation · Ratios use trailing twelve months
Updated 2026-07-31
Value
Value-oriented setup
Sales and book multiples are contained.
Market Cap
$57.1B
Company size
EV
$70.8B
Debt-adjusted value
P/E
34.3
Reasonable
P/S
3.8
Low sales multiple
P/B
1.3
Low book multiple
EV/Sales
4.7
Balanced
EV/EBIT
55.9
Premium
P/FCF
8.1
Low multiple
FCF Yield
12.35%
Cash return
Source: SEC TTM data via WOI valuation cache Not financial advice
Business Lens
Improving financial execution
Revenue and profitability remain supportive, while cash flow and balance sheet quality require monitoring.
Revenue Growth
Improving
Profitability
Positive
Cash Flow
Healthy
Balance Sheet
Manageable
💵 Revenue
4.24B
↗ Improving
📈 Net Income
144.00M
↗ Positive
🧮 EPS (Basic)
0.08
↗ Positive
Diamondback Energy, Inc.
Energy • Oil & Gas