FANG
Diamondback Energy Inc. Energy - Oil & Gas E&P Investor Relations →
Diamondback Energy Inc. (FANG) closed at $183.50 as of 2026-06-19, trading 22.1% above its 200-week moving average of $150.34. The stock is currently moving closer to the line, down from 28.1% last week. The 14-week RSI sits at 51, indicating neutral momentum.
Trading volume is running at 1.2x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.92 ratio) is neutral — neither side is clearly dominating.
Over the past 666 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 -4.4%, suggesting these dips have not historically been reliable buying opportunities for this stock.
With a market cap of $51.6 billion, FANG is a large-cap stock. The company generates a free cash flow yield of 2.7%. Return on equity stands at 0.5%. The stock trades at 1.4x book value.
Share count has increased 58.2% over three years, indicating dilution.
Over the past 12.8 years, a hypothetical investment of $100 in FANG would have grown to $522, compared to $554 for the S&P 500. FANG has returned 13.7% annualized vs 14.3% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -100% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
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 -6.1% after 12 months (median -5.0%), compared to +12.5% for the S&P 500 over the same periods. 38% 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.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. FANG currently has negative free cash flow, so price-based dislocation levels are not available. The score still tracks yield deviation from baseline.
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are reference points for identifying potential swing trade opportunities, not buy/sell signals. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from FANG's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. They are starting points for research, not buy or sell signals. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
FANG has crossed below its 200-week MA 11 times with an average 1-year return of +-4.4% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Dec 2018 | Dec 2018 | 3 | 7.9% | -7.5% | +158.1% |
| Feb 2019 | Feb 2019 | 1 | 0.8% | -22.6% | +147.7% |
| Mar 2019 | Mar 2019 | 1 | 2.3% | -48.8% | +150.3% |
| May 2019 | Jun 2019 | 3 | 2.5% | -55.7% | +143.3% |
| Jul 2019 | May 2021 | 96 | 81.6% | -58.3% | +144.7% |
| Jul 2021 | Sep 2021 | 9 | 17.9% | +44.7% | +189.5% |
| Mar 2025 | Apr 2025 | 2 | 8.5% | +61.4% | +53.6% |
| May 2025 | Jun 2025 | 2 | 1.4% | +51.5% | +38.6% |
| Aug 2025 | Aug 2025 | 1 | 0.2% | N/A | +34.2% |
| Sep 2025 | Sep 2025 | 3 | 2.6% | N/A | +34.7% |
| Oct 2025 | Oct 2025 | 2 | 2.0% | N/A | +33.7% |
| Average | 11 | — | +-4.4% | — |
Frequently Asked Questions
Is FANG below its 200-week moving average?
No. Diamondback Energy Inc. (FANG) is currently 22.1% above its 200-week moving average of $150.34. It would need to fall to $150.34 to cross below the line.
What is FANG's 200-week moving average price?
Diamondback Energy Inc.'s 200-week moving average is $150.34 as of 2026-06-19. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when FANG drops below its 200-week moving average?
FANG has crossed below its 200-week moving average 11 times in our data. The average one-year return after these crossings was -4.4%, meaning the dips were not reliable buying signals for this particular stock. These episodes lasted 11 weeks on average.
Is FANG a good value right now?
Here's what our data says about FANG as of 2026-06-19: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 51. Free cash flow yield is 2.7%. Return on equity is 0.5%. Price-to-book is 1.4x. This is not a buy or sell recommendation — always do your own research.
How does FANG compare to the S&P 500?
Over the past 12.8 years, $100 invested in FANG would have grown to $522, compared to $554 for the S&P 500. That's 13.7% annualized vs 14.3% for the index. FANG has underperformed the broader market over this period.
Does FANG pay a dividend?
Yes. Diamondback Energy Inc. currently pays a dividend yield of 234.00%.
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 week of 2026-06-19