Diamondback Energy
FANG (NASDAQ)
Diamondback Energy (FANG) stands out as a Permian Basin producer known for generating impressive free cash flow and delivering substantial returns to shareholders. With a current dividend yield of 2.77% and a remarkable 5-year return of 134.71%, it’s an attractive option for investors looking for growth in the energy sector. Analysts are optimistic, giving FANG a median 12-month price target of $183, with the majority recommending it as a strong buy.
Pros:
- Strong free cash flow
- High shareholder returns
Cons:
- Recent stock price decline
- Market volatility
In summary, Diamondback Energy (FANG) may be suitable for investors seeking growth opportunities within the energy sector, particularly those looking for a company with a solid track record of free cash flow generation and shareholder returns. However, potential investors should also consider the recent decline in its 1-year performance and assess their risk tolerance before investing.
