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DIAMONDBACK ENERGY INC
Energy · Oil & Gas Exploration & Production
$190.33
+0.15%
Vol: 0.1M
Araverus Market Read
Thursday, March 19, 2026
Raymond James raises Diamondback to $240 target as merger synergies and production ramp drive energy sector strength
Diamondback Energy received a price target increase to $240 from $210 at Raymond James on March 17, with Citi maintaining a Buy rating as the company benefits from its transformational $26 billion Endeavor Energy Resources merger that doubled acreage. The stock closed yesterday and declined 0.74% in pre-market trading to $181.02, though after-hours showed minimal decline of 0.16%. Strong analyst support reflects confidence in production growth and operational synergies from the 2024 merger.
Price 50d 200d
Previous Market Reads
2 of 2 daysSector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| XOMEXXON | $158.21 | +0.39% | +8.2% | 18.3x | 0.35 | $659.0B |
| CVXCHEVRON | $201.37 | +1.39% | +11.6% | 21.5x | 0.66 | $402.7B |
| COPCONOCOPHILLIPS | $125.98 | +1.88% | +16.8% | 18.5x | 0.28 | $154.0B |
| WMBWILLIAMS | $74.09 | +1.77% | +3.7% | 28.3x | 0.65 | $90.5B |
| EOGEOG | $138.87 | +0.98% | +15.9% | 12.3x | 0.43 | $75.3B |
| KMIKINDER | $33.43 | +2.27% | +4.1% | 22.9x | 0.65 | $74.4B |
| VLOVALERO | $241.86 | +1.43% | +22.7% | 16.9x | 0.73 | $73.8B |
| SLBSLB | $47.83 | +5.53% | -4.0% | 14.4x | 0.71 | $71.8B |
| PSXPHILLIPS | $178.35 | +2.93% | +13.7% | 13.6x | 0.87 | $71.5B |
Fundamentals
Market Cap$53.7B
P/E (TTM)33.2
Forward P/E14.7
Beta0.57
Div Yield221.00%
Prev Close$190.05
RSI (14-Day)
75Overbought
0305070100
52-Week Range
$114.00$190.33$193.75
From High-1.8%
From Low+67.0%
Moving Averages
50d SMA
$166.14+14.6%
200d SMA
$148.75+28.0%
Price above both MAs — bullish structure.
Returns
1W
+7.5%
1M
+10.0%
3M
+28.4%
6M
+37.2%
1Y
+26.1%
YTD
+25.7%
Volume
Today95K
20d Avg3.9M
Ratio0.02x