Diamondback Energy (NASDAQ:FANG) Reaches New 12-Month High - Time to Buy?

2026-03-01 02:05:22

Abstract generation in progress

Diamondback Energy (FANG) recently hit a new 52-week high of $172.80, with a consensus “Buy” rating from Wall Street analysts and a price target of $185.90. Despite significant insider selling over the past quarter, institutional investors maintain a strong position, owning approximately 90% of the company’s stock. The company, an independent oil and natural gas producer focused on the Permian Basin, has a market capitalization of $47.8 billion and a P/E ratio of 11.6.

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