FANG
Diamondback Energy Inc. Energy - Oil & Gas E&P Investor Relations →
Diamondback Energy Inc. (FANG) closed at $207.65 as of 2026-05-01, trading 40.3% above its 200-week moving average of $147.97. The stock moved further from the line this week, up from 32.1% last week. With a 14-week RSI of 77, FANG is in overbought territory.
Trading volume is running at 0.9x 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 659 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 -12.4%, suggesting these dips have not historically been reliable buying opportunities for this stock.
With a market cap of $58.4 billion, FANG is a large-cap stock. The company generates a free cash flow yield of 0.8%. Return on equity stands at 3.7%. The stock trades at 1.6x book value.
Share count has increased 58.2% over three years, indicating dilution.
Over the past 12.7 years, a hypothetical investment of $100 in FANG would have grown to $587, compared to $532 for the S&P 500. That represents an annualized return of 15.0% vs 14.1% for the index — confirming FANG as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -100% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($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 -13.6% after 12 months (median -40.0%), compared to +10.0% for the S&P 500 over the same periods. 29% 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 +-12.4% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Dec 2018 | Dec 2018 | 3 | 7.9% | -7.5% | +190.5% |
| Feb 2019 | Feb 2019 | 1 | 0.8% | -22.6% | +178.8% |
| Mar 2019 | Mar 2019 | 1 | 2.3% | -48.8% | +181.7% |
| May 2019 | Jun 2019 | 3 | 2.5% | -55.7% | +173.8% |
| Jul 2019 | May 2021 | 96 | 81.6% | -58.3% | +175.4% |
| Jul 2021 | Sep 2021 | 9 | 17.9% | +44.7% | +225.8% |
| Mar 2025 | Apr 2025 | 2 | 8.5% | +61.4% | +72.9% |
| May 2025 | Jun 2025 | 2 | 1.4% | N/A | +55.9% |
| Aug 2025 | Aug 2025 | 1 | 0.2% | N/A | +51.1% |
| Sep 2025 | Sep 2025 | 3 | 2.6% | N/A | +51.6% |
| Oct 2025 | Oct 2025 | 2 | 2.0% | N/A | +50.4% |
| Average | 11 | — | +-12.4% | — |
Frequently Asked Questions
Is FANG below its 200-week moving average?
No. Diamondback Energy Inc. (FANG) is currently 40.3% above its 200-week moving average of $147.97. It would need to fall to $147.97 to cross below the line.
What is FANG's 200-week moving average price?
Diamondback Energy Inc.'s 200-week moving average is $147.97 as of 2026-05-01. 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 -12.4%, 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 2026-05-01: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 77 (overbought). Free cash flow yield is 0.8%. Return on equity is 3.7%. Price-to-book is 1.6x. 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 12.7 years, $100 invested in FANG would have grown to $587, compared to $532 for the S&P 500. That's 15.0% annualized vs 14.1% for the index. FANG has outperformed the broader market over this period.
Does FANG pay a dividend?
Yes. Diamondback Energy Inc. currently pays a dividend yield of 202.00%.
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 2026-05-01