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S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
'Civil War’ continues box-office campaign at No. 1
Lithium Overdose: Can These 2 Lithium Stocks Recover in 2024?
Wegovy vs. Zepbound: Who Wins the Battle of the GLP-1 Drugs?
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Stock market today: World shares shrug off Wall St blues as investors eye corporate earnings
Intuitive Surgical Leads the Robotic Surgery Movement
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
'Civil War’ continues box-office campaign at No. 1
Lithium Overdose: Can These 2 Lithium Stocks Recover in 2024?
Wegovy vs. Zepbound: Who Wins the Battle of the GLP-1 Drugs?
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Stock market today: World shares shrug off Wall St blues as investors eye corporate earnings
Intuitive Surgical Leads the Robotic Surgery Movement
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
'Civil War’ continues box-office campaign at No. 1
Lithium Overdose: Can These 2 Lithium Stocks Recover in 2024?
Wegovy vs. Zepbound: Who Wins the Battle of the GLP-1 Drugs?
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Stock market today: World shares shrug off Wall St blues as investors eye corporate earnings
Intuitive Surgical Leads the Robotic Surgery Movement

Diamondback Energy (FANG) Stock Price, News & Analysis

$200.74
+1.14 (+0.57%)
(As of 04/19/2024 08:50 PM ET)
Today's Range
$200.10
$203.85
50-Day Range
$165.60
$208.26
52-Week Range
$123.41
$211.96
Volume
1.80 million shs
Average Volume
1.76 million shs
Market Capitalization
$35.80 billion
P/E Ratio
11.58
Dividend Yield
1.79%
Price Target
$198.74

Diamondback Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.74 Rating Score
Upside/​Downside
1.0% Downside
$198.74 Price Target
Short Interest
Healthy
2.91% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.96
Upright™ Environmental Score
News Sentiment
0.90mentions of Diamondback Energy in the last 14 days
Based on 24 Articles This Week
Insider Trading
Selling Shares
$11.31 M Sold Last Quarter
Proj. Earnings Growth
12.90%
From $18.53 to $20.92 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.54 out of 5 stars

Oils/Energy Sector

21st out of 233 stocks

Crude Petroleum & Natural Gas Industry

7th out of 73 stocks

FANG stock logo

About Diamondback Energy Stock (NASDAQ:FANG)

Diamondback Energy, Inc. is an independent oil and natural gas company headquartered in Midland, Texas. Founded in 2007, Diamondback Energy's mission is to provide sustainable energy to the world while maintaining a commitment to safety, environmental stewardship, and operational excellence. The company primarily focuses on acquiring, developing, exploring, and producing oil and natural gas reserves in the Permian Basin of West Texas.

Diamondback Energy's essential products and services include the exploration, development, and production of crude oil and natural gas. The company's target market primarily comprises commercial and industrial customers who rely on oil and natural gas for energy. Its key customers include midstream companies, refineries, and petrochemical producers. Diamondback Energy has received multiple awards and recognition for its environmental and safety efforts, including the "Environmental Stewardship Award" from the Independent Petroleum Association of America.

Diamondback Energy's leadership team comprises experienced professionals with diverse backgrounds in the energy industry. Travis Stice has served as the company's Chief Executive Officer since its founding and has over 30 years of experience in the industry. 

Diamondback Energy has experienced strong financial performance recently, with revenues increasing and positive earnings per share for the past several years, with EPS growing yearly. Diamondback Energy's profit margin is higher than the industry average, and the company has a relatively low debt-to-equity ratio indicating a relatively low level of debt financing.

Diamondback Energy's current market capitalization is around $25 billion, with a price-to-earnings ratio and a price-to-book ratio lower than industry averages. This suggests that the market is pricing in some growth potential for the company.

The stock has been volatile due to concerns about rising inflation and interest rates. The volatility reflects the broader market's uncertainty about the trajectory of interest rates and the potential impact on economic growth and corporate earnings. However, the company's strong financial position and efficient operations should enable it to weather any possible downturn in the energy market.

Diamondback Energy operates in the oil and gas exploration and production industry, specifically focused on the Permian Basin, one of the largest and most productive oil and gas regions in the United States. The company's competitors include other sizeable independent exploration and production companies, such as Concho Resources and Pioneer Natural Resources, as well as integrated oil and gas companies like Chevron and ExxonMobil.

The industry has undergone significant consolidation in recent years, with several large mergers and acquisitions, as companies look to achieve scale and cost efficiencies. The sector also faces regulatory and political risks, with potential changes in tax policies and environmental regulations that could impact profitability.

Diamondback Energy has a solid competitive position in the industry, focusing on operational efficiency and cost control, allowing it to maintain profitability even in challenging market conditions. The company has also invested in technology and innovation, including using artificial intelligence and machine learning to optimize drilling and completion operations.

Diamondback Energy's growth opportunities primarily focus on expanding its presence in the Permian Basin by exploring and developing new oil and gas reserves. The company has a strong track record of successful drilling and completion operations, and its efficient operations and low-cost structure provide a competitive advantage in the industry.

In addition to organic growth, Diamondback Energy has also pursued acquisitions in the past, acquiring Energen Corporation in 2018 for $9.2 billion. The company has indicated that it remains open to further acquisition opportunities that can drive shareholder growth and value.

Diamondback Energy faces several risks and challenges that could impact its future performance. The company is highly dependent on the price of oil and gas, which can be volatile and subject to significant fluctuations. Additionally, the industry is subject to regulatory and political risks, which could impact profitability and the ability to operate in certain areas.

The company also faces competition from other large independent exploration and production companies and integrated oil and gas companies, which could impact market share and profitability. However, Diamondback Energy's focus on operational efficiency and cost control provides an industry competitive advantage.

FANG Stock Price History

FANG Stock News Headlines

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Diamondback Energy, Inc. (NASDAQ:FANG) Short Interest Update
Diamondback Energy (NASDAQ:FANG) PT Raised to $217.00
Diamondback Energy Prices Offering of Senior Notes
See More Headlines
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Company Calendar

Last Earnings
2/20/2024
Ex-Dividend for 3/12 Dividend
3/04/2024
Dividend Payable
3/12/2024
Today
4/22/2024
Next Earnings (Confirmed)
4/30/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
Current Symbol
NASDAQ:FANG
CUSIP
25278X10
Fax
N/A
Employees
1,023
Year Founded
2007

Price Target and Rating

Average Stock Price Target
$198.74
High Stock Price Target
$255.00
Low Stock Price Target
$129.00
Potential Upside/Downside
-1.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.74
Research Coverage
19 Analysts

Profitability

Net Income
$3.14 billion
Pretax Margin
50.50%

Debt

Sales & Book Value

Annual Sales
$8.41 billion
Cash Flow
$28.00 per share
Book Value
$97.38 per share

Miscellaneous

Free Float
177,573,000
Market Cap
$35.80 billion
Optionable
Optionable
Beta
1.93

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Should I Buy Diamondback Energy Stock? FANG Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Diamondback Energy, Inc.:

  • Diamondback Energy stock has been performing well, with a 12-month high of $194.67, indicating potential growth.
  • The company has a strong return on equity of 19.56%, showcasing efficient use of shareholder funds.
  • Positive quarterly earnings results, beating analyst estimates, with a reported EPS of $4.74 for the quarter.
  • Low P/E ratio of 11.21, suggesting the stock may be undervalued compared to its earnings potential.
  • Stable financial position with a debt-to-equity ratio of 0.38, indicating lower financial risk.

Cons

Investors should be bearish about investing in Diamondback Energy, Inc. for these reasons:

  • The stock price has been volatile, with fluctuations in the market impacting short-term returns.
  • Market uncertainties related to oil and natural gas prices can affect the company's profitability.
  • High beta of 1.92 indicates higher volatility compared to the overall market.
  • Decrease in institutional ownership, as seen with American Century Companies Inc. selling 138,575 shares.
  • Potential impact of macroeconomic factors on the energy sector, influencing Diamondback Energy's performance.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, April 11, 2024. Please send any questions or comments about these Diamondback Energy pros and cons to contact@marketbeat.com.

FANG Stock Analysis - Frequently Asked Questions

Should I buy or sell Diamondback Energy stock right now?

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Diamondback Energy in the last twelve months. There are currently 1 sell rating, 4 hold ratings, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" FANG shares.
View FANG analyst ratings
or view top-rated stocks.

What is Diamondback Energy's stock price target for 2024?

19 Wall Street research analysts have issued 12-month price objectives for Diamondback Energy's stock. Their FANG share price targets range from $129.00 to $255.00. On average, they predict the company's stock price to reach $198.74 in the next year. This suggests that the stock has a possible downside of 1.0%.
View analysts price targets for FANG
or view top-rated stocks among Wall Street analysts.

How have FANG shares performed in 2024?

Diamondback Energy's stock was trading at $155.08 on January 1st, 2024. Since then, FANG shares have increased by 29.4% and is now trading at $200.74.
View the best growth stocks for 2024 here
.

Are investors shorting Diamondback Energy?

Diamondback Energy saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 5,160,000 shares, a decline of 6.4% from the March 15th total of 5,510,000 shares. Based on an average trading volume of 1,820,000 shares, the short-interest ratio is presently 2.8 days. Currently, 2.9% of the shares of the stock are short sold.
View Diamondback Energy's Short Interest
.

When is Diamondback Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our FANG earnings forecast
.

How can I listen to Diamondback Energy's earnings call?

Diamondback Energy will be holding an earnings conference call on Wednesday, May 1st at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Diamondback Energy's earnings last quarter?

Diamondback Energy, Inc. (NASDAQ:FANG) posted its quarterly earnings results on Tuesday, February, 20th. The oil and natural gas company reported $4.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.61 by $0.13. The oil and natural gas company had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.16 billion. Diamondback Energy had a trailing twelve-month return on equity of 19.56% and a net margin of 37.36%. The firm's revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the company earned $5.29 earnings per share.
Read the conference call transcript
.

How often does Diamondback Energy pay dividends? What is the dividend yield for Diamondback Energy?

Diamondback Energy declared a quarterly dividend on Thursday, February 15th. Investors of record on Tuesday, March 5th will be paid a dividend of $3.08 per share on Tuesday, March 12th. This represents a $12.32 annualized dividend and a dividend yield of 6.14%. The ex-dividend date is Monday, March 4th. This is a positive change from the stock's previous quarterly dividend of $0.84.
Read our dividend analysis for FANG
.

Is Diamondback Energy a good dividend stock?

Diamondback Energy (NASDAQ:FANG) pays an annual dividend of $3.60 per share and currently has a dividend yield of 1.79%. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 20.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FANG will have a dividend payout ratio of 17.21% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FANG.

How will Diamondback Energy's stock buyback program work?

Diamondback Energy declared that its board has approved a share repurchase plan on Monday, August 1st 2022, which allows the company to buyback $4,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 17.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board of directors believes its shares are undervalued.

What is Travis D. Stice's approval rating as Diamondback Energy's CEO?

26 employees have rated Diamondback Energy Chief Executive Officer Travis D. Stice on Glassdoor.com. Travis D. Stice has an approval rating of 96% among the company's employees. This puts Travis D. Stice in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 66.0% of employees surveyed would recommend working at Diamondback Energy to a friend.

What other stocks do shareholders of Diamondback Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Diamondback Energy investors own include Alibaba Group (BABA), NVIDIA (NVDA), Micron Technology (MU), Intel (INTC), Tesla (TSLA), Walt Disney (DIS), Advanced Micro Devices (AMD), Boeing (BA), Johnson & Johnson (JNJ) and Netflix (NFLX).

Who are Diamondback Energy's major shareholders?

Diamondback Energy's stock is owned by many different institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.24%), Vaughan Nelson Investment Management L.P. (0.18%), Guinness Asset Management LTD (0.06%), Teamwork Financial Advisors LLC (0.05%), Nepsis Inc. (0.05%) and Leeward Investments LLC MA (0.04%). Insiders that own company stock include Daniel N Wesson, David L Houston, Hof Matthew Kaes Van't, Jere W Thompson III, Matt Zmigrosky, Michael P Cross, Russell Pantermuehl, Steven E West, Teresa L Dick, Thomas F Hawkins and Travis D Stice.
View institutional ownership trends
.

How do I buy shares of Diamondback Energy?

Shares of FANG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:FANG) was last updated on 4/22/2024 by MarketBeat.com Staff

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