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DOW   31,496.30
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
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NASDAQ:FANG

Diamondback Energy Stock Forecast, Price & News

$85.27
+4.01 (+4.93 %)
(As of 03/5/2021 12:00 AM ET)
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Today's Range
$82.58
Now: $85.27
$88.75
50-Day Range
$56.59
MA: $65.15
$81.26
52-Week Range
$14.55
Now: $85.27
$88.75
Volume6.46 million shs
Average Volume3.17 million shs
Market Capitalization$13.47 billion
P/E RatioN/A
Dividend Yield2.02%
Beta2.59
Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico. As of December 31, 2019, the company's total acreage position was approximately 455,378 gross acres in the Permian Basin; and estimated proved oil and natural gas reserves were 1,127,575 thousand barrels of crude oil equivalent. It also held working interests in 2,656 gross producing wells, as well as royalty interests in 4,161 additional wells. In addition, the company owns mineral interests approximately 814,224 gross acres and 24,304 net royalty acres in the Permian Basin and Eagle Ford Shale; and owns, operates, develops, and acquires midstream infrastructure assets, such as 867 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system in the Midland and Delaware Basins of the Permian Basin. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.
Diamondback Energy logo

Headlines

EOG Resources (EOG) Beats on Q4 Earnings, Plans Zero Flaring
February 26, 2021 |  finance.yahoo.com
FANG or DVN: Which Is the Better Value Stock Right Now?
February 11, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
Current SymbolNASDAQ:FANG
CUSIP25278X10
Phone432-221-7400
Employees712
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.96 billion
Cash Flow$22.38 per share
Book Value$92.90 per share

Profitability

Net Income$240 million
Net Margins-135.48%

Miscellaneous

Market Cap$13.47 billion
Next Earnings Date5/3/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

2.76 out of 5 stars

Oils/Energy Sector

2nd out of 668 stocks

Crude Petroleum & Natural Gas Industry

1st out of 247 stocks

Analyst Opinion: 2.5Community Rank: 3.4Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 3.8 5 -4 -3 -2 -1 -
$85.27
+4.01 (+4.93 %)
(As of 03/5/2021 12:00 AM ET)
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Diamondback Energy (NASDAQ:FANG) Frequently Asked Questions

Is Diamondback Energy a buy right now?

26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Diamondback Energy in the last year. There are currently 3 hold ratings, 22 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Diamondback Energy stock.
View analyst ratings for Diamondback Energy
or view top-rated stocks.

What stocks does MarketBeat like better than Diamondback Energy?

Wall Street analysts have given Diamondback Energy a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Diamondback Energy wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Diamondback Energy's next earnings date?

Diamondback Energy is scheduled to release its next quarterly earnings announcement on Monday, May 3rd 2021.
View our earnings forecast for Diamondback Energy
.

How were Diamondback Energy's earnings last quarter?

Diamondback Energy, Inc. (NASDAQ:FANG) released its quarterly earnings results on Sunday, February, 21st. The oil and natural gas company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. The oil and natural gas company had revenue of $769 million for the quarter, compared to the consensus estimate of $768.65 million. Diamondback Energy had a positive trailing twelve-month return on equity of 5.10% and a negative net margin of 135.48%. The business's quarterly revenue was down 30.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.93 EPS.
View Diamondback Energy's earnings history
.

How has Diamondback Energy's stock been impacted by Coronavirus (COVID-19)?

Diamondback Energy's stock was trading at $26.20 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, FANG shares have increased by 225.5% and is now trading at $85.27.
View which stocks have been most impacted by COVID-19
.

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

Diamondback Energy announced a quarterly dividend on Monday, February 22nd. Stockholders of record on Thursday, March 4th will be given a dividend of $0.40 per share on Thursday, March 11th. This represents a $1.60 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Wednesday, March 3rd. This is a boost from Diamondback Energy's previous quarterly dividend of $0.38.
View Diamondback Energy's dividend history
.

Is Diamondback Energy a good dividend stock?

Diamondback Energy pays an annual dividend of $1.50 per share and currently has a dividend yield of 2.02%. Diamondback Energy does not yet have a strock track record of dividend growth. The dividend payout ratio of Diamondback Energy is 21.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Diamondback Energy will have a dividend payout ratio of 31.65% next year. This indicates that Diamondback Energy will be able to sustain or increase its dividend.
View Diamondback Energy's dividend history.

What price target have analysts set for FANG?

26 equities research analysts have issued 12-month price objectives for Diamondback Energy's shares. Their forecasts range from $43.00 to $91.00. On average, they anticipate Diamondback Energy's stock price to reach $66.09 in the next year. This suggests that the stock has a possible downside of 22.5%.
View analysts' price targets for Diamondback Energy
or view top-rated stocks among Wall Street analysts.

Who are Diamondback Energy's key executives?

Diamondback Energy's management team includes the following people:
  • Mr. Travis D. Stice, CEO & Director (Age 59, Pay $3.62M)
  • Mr. Matthew Kaes Van't Hof, CFO & Exec. VP of Bus. Devel. (Age 33, Pay $1.66M)
  • Ms. Teresa L. Dick, Chief Accounting Officer, Exec. VP & Assistant Sec. (Age 51, Pay $1.02M)
  • Mr. P. Matt Zmigrosky, Exec. VP, Gen. Counsel & Sec. (Age 42, Pay $894.21k)
  • Mr. Russell D. Pantermuehl, Exec. VP & Chief Engineer (Age 61, Pay $1.4M)
  • Mr. Thomas F. Hawkins, Exec. VP of Land (Age 67, Pay $844.23k)
  • Mr. Daniel N. Wesson, Exec. VP of Operations (Age 37)
  • Mr. Adam T. Lawlis, VP of Investor Relations
  • Ms. Jennifer Soliman, Exec. VP & Chief HR Officer (Age 51)
  • Mr. David L. Cannon, Sr. VP of Geoscience and Technology

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

14 employees have rated Diamondback Energy CEO Travis D. Stice on Glassdoor.com. Travis D. Stice has an approval rating of 96% among Diamondback Energy's employees. This puts Travis D. Stice in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Diamondback Energy's key competitors?

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), The Walt Disney (DIS), Advanced Micro Devices (AMD), The Boeing (BA), Johnson & Johnson (JNJ) and Netflix (NFLX).

What is Diamondback Energy's stock symbol?

Diamondback Energy trades on the NASDAQ under the ticker symbol "FANG."

Who are Diamondback Energy's major shareholders?

Diamondback Energy's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.14%), Price T Rowe Associates Inc. MD (2.03%), Boston Partners (1.66%), Bank of New York Mellon Corp (1.16%), Northern Trust Corp (0.95%) and Charles Schwab Investment Management Inc. (0.76%). Company insiders that own Diamondback Energy stock include Hof Matthew Kaes Van't, Jennifer Soliman, Michael L Hollis, Michael P Cross, Randall J Holder, Russell Pantermuehl and Travis D Stice.
View institutional ownership trends for Diamondback Energy
.

Which institutional investors are selling Diamondback Energy stock?

FANG stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, BlackRock Inc., Sumitomo Mitsui Trust Holdings Inc., Northern Trust Corp, UBS Asset Management Americas Inc., Price T Rowe Associates Inc. MD, Voloridge Investment Management LLC, and Public Sector Pension Investment Board.
View insider buying and selling activity for Diamondback Energy
or view top insider-selling stocks.

Which institutional investors are buying Diamondback Energy stock?

FANG stock was purchased by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Strs Ohio, Copeland Capital Management LLC, Russell Investments Group Ltd., Bank of New York Mellon Corp, Boston Partners, Advisory Research Inc., and Thornburg Investment Management Inc.. Company insiders that have bought Diamondback Energy stock in the last two years include Hof Matthew Kaes Van't, Michael L Hollis, and Travis D Stice.
View insider buying and selling activity for Diamondback Energy
or or view top insider-buying stocks.

How do I buy shares of Diamondback Energy?

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

What is Diamondback Energy's stock price today?

One share of FANG stock can currently be purchased for approximately $85.27.

How much money does Diamondback Energy make?

Diamondback Energy has a market capitalization of $13.47 billion and generates $3.96 billion in revenue each year. The oil and natural gas company earns $240 million in net income (profit) each year or $6.93 on an earnings per share basis.

How many employees does Diamondback Energy have?

Diamondback Energy employs 712 workers across the globe.

What is Diamondback Energy's official website?

The official website for Diamondback Energy is www.diamondbackenergy.com.

Where are Diamondback Energy's headquarters?

Diamondback Energy is headquartered at 500 West Texas Suite 1200, Midland TX, 79701.

How can I contact Diamondback Energy?

Diamondback Energy's mailing address is 500 West Texas Suite 1200, Midland TX, 79701. The oil and natural gas company can be reached via phone at 432-221-7400 or via email at [email protected]


This page was last updated on 3/6/2021 by MarketBeat.com Staff

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