FANG Stock Summary and Trading Ideas (Diamondback Energy | NASDAQ:FANG)

Diamondback is a crude oil and natural gas exploration and production firm whose operations represent a pure-play in the US Permian Basin. The company went public in 2012 and has established itself as a top-tier independent producer through disciplined acquisition and operational excellence. The company's most transformational transaction occurred in September 2024 with the completion of its $26 billion merger with Endeavor Energy Resources, which added around 470,000 net acres and doubled Diamondback's total acreage position. Diamondback boasts an enviable position in the Midland sub-basin, with some of the lowest unit costs among its Permian peers.

Diamondback Energy trades on the NASDAQ stock market under the symbol FANG.

As of November 4, 2026, FANG stock price declined to $182.63 with 2,179,782 million shares trading.

FANG has a beta of -1.08, meaning it tends to be less sensitive to market movements. FANG has a correlation of 0.16 to the broad based SPY ETF.

FANG has a market cap of $51.14 billion. This is considered a Large Cap stock.

Last quarter Diamondback Energy reported $5 billion in Revenue and $5.86 earnings per share. This beat revenue expectation by $644 million and exceeded earnings estimates by $.40.

In the last 3 years, FANG traded as high as $216.90 and as low as $114.00.

The top ETF exchange traded funds that FANG belongs to (by Net Assets): VTI, QQQ, VOO, XLE, VO.

FANG has outperformed the market in the last year with a return of +32.3%, while the SPY ETF gained +13.4%. However, in the most recent history, FANG shares have underperformed the stock market with its stock returning -7.6% in the last 3 month period and -9.8% for the last 2 week period, while SPY has returned +1.5% and -0.2%, respectively.

FANG support price is $188.65 and resistance is $196.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FANG shares will trade within this expected range on the day.