FANG
Diamondback Energy Inc. Energy - Oil & Gas E&P Investor Relations →
Diamondback Energy Inc. (FANG) closed at $166.93 as of 2026-02-02, trading 15.6% above its 200-week moving average of $144.46. The stock moved further from the line this week, up from 13.7% last week. The 14-week RSI sits at 70, indicating neutral momentum.
Over the past 647 weeks of data, FANG has crossed below its 200-week moving average 11 times. On average, these episodes lasted 11 weeks. The average one-year return after crossing below was -24.7%, suggesting these dips have not historically been reliable buying opportunities for this stock.
With a market cap of $48.3 billion, FANG is a large-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at 10.9%. The stock trades at 1.2x book value.
Share count has increased 63.9% over three years, indicating dilution.
Over the past 12.5 years, a hypothetical investment of $100 in FANG would have grown to $469, compared to $510 for the S&P 500. FANG has returned 13.2% annualized vs 13.9% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -100% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: FANG vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After FANG Crosses Below the Line?
Across 11 historical episodes, buying FANG when it crossed below its 200-week moving average produced an average return of -26.0% after 12 months (median -40.0%), compared to +8.7% for the S&P 500 over the same periods. 17% of those episodes were profitable after one year. After 24 months, the average return was -1.3% vs +43.8% for the index.
Each line shows $100 invested at the moment FANG crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
FANG has crossed below its 200-week MA 11 times with an average 1-year return of +-24.7% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Dec 2018 | Dec 2018 | 3 | 7.9% | -7.5% | +132.1% |
| Feb 2019 | Feb 2019 | 1 | 0.8% | -22.6% | +122.8% |
| Mar 2019 | Mar 2019 | 1 | 2.3% | -48.8% | +125.1% |
| May 2019 | Jun 2019 | 3 | 2.5% | -55.7% | +118.8% |
| Jul 2019 | May 2021 | 96 | 81.6% | -58.3% | +120.1% |
| Jul 2021 | Sep 2021 | 9 | 17.9% | +44.7% | +160.3% |
| Mar 2025 | Apr 2025 | 2 | 8.5% | N/A | +38.2% |
| May 2025 | Jun 2025 | 2 | 1.4% | N/A | +24.6% |
| Aug 2025 | Aug 2025 | 1 | 0.2% | N/A | +20.7% |
| Sep 2025 | Sep 2025 | 3 | 2.6% | N/A | +21.2% |
| Oct 2025 | Oct 2025 | 2 | 2.0% | N/A | +20.2% |
| Average | 11 | — | +-24.7% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02