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NASDAQ:FANG - Diamondback Energy Stock Price, Forecast & News

$85.09
-1.18 (-1.37 %)
(As of 12/16/2019 06:39 AM ET)
Today's Range
$85.05
Now: $85.09
$87.75
50-Day Range
$74.84
MA: $80.68
$90.60
52-Week Range
$73.18
Now: $85.09
$114.14
Volume1.26 million shs
Average Volume1.88 million shs
Market Capitalization$13.65 billion
P/E Ratio14.50
Dividend Yield0.88%
Beta0.79
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. Read More…

Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
Current SymbolNASDAQ:FANG
CUSIP25278X10
Phone432-221-7400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.18 billion
Cash Flow$7.60 per share
Book Value$86.24 per share

Profitability

Net Income$845.67 million

Miscellaneous

Employees711
Market Cap$13.65 billion
Next Earnings Date2/18/2020 (Estimated)
OptionableOptionable

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Diamondback Energy (NASDAQ:FANG) Frequently Asked Questions

What is Diamondback Energy's stock symbol?

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

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

Diamondback Energy announced a quarterly dividend on Tuesday, November 5th. Stockholders of record on Friday, November 15th will be given a dividend of $0.1875 per share on Friday, November 22nd. This represents a $0.75 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Thursday, November 14th. View Diamondback Energy's Dividend History.

How were Diamondback Energy's earnings last quarter?

Diamondback Energy Inc (NASDAQ:FANG) announced its quarterly earnings data on Tuesday, November, 5th. The oil and natural gas company reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.71 by $0.24. The oil and natural gas company had revenue of $975 million for the quarter, compared to analyst estimates of $1.04 billion. Diamondback Energy had a net margin of 29.59% and a return on equity of 6.01%. Diamondback Energy's revenue for the quarter was up 81.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.67 EPS. View Diamondback Energy's Earnings History.

When is Diamondback Energy's next earnings date?

Diamondback Energy is scheduled to release their next quarterly earnings announcement on Tuesday, February 18th 2020. View Earnings Estimates for Diamondback Energy.

What price target have analysts set for FANG?

23 brokerages have issued 1 year target prices for Diamondback Energy's shares. Their forecasts range from $88.00 to $170.00. On average, they anticipate Diamondback Energy's share price to reach $135.60 in the next twelve months. This suggests a possible upside of 59.4% from the stock's current price. View Analyst Price Targets for Diamondback Energy.

What is the consensus analysts' recommendation for Diamondback Energy?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diamondback Energy in the last year. There are currently 2 hold ratings, 20 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Diamondback Energy.

What are Wall Street analysts saying about Diamondback Energy stock?

Here are some recent quotes from research analysts about Diamondback Energy stock:
  • 1. Northland Securities analysts commented, "We think FANG had a solid print. 2Q19 exceeded our expectations (but lagged consensus), while it narrowed guidance generally around the midpoints, began to show progress on its share buyback and guided to 2H19 oil realizations that are significantly improved from recent quarters." (8/7/2019)
  • 2. According to Zacks Investment Research, "Diamondback Energy focuses on growth through a combination of acquisitions and active drilling in the lucrative Permian Basin spread over west Texas and New Mexico. Since the 2012 IPO, the Permian pure play’s annual production and cash flow per share have witnessed CAGRs of 76% and 30%, respectively. Diamondback's twin acquisitions of Energen Corporation and Ajax Resources – totaling more than $10 billion – are expected to further strengthen its Permian position, with multi-year production growth prospects, a wide inventory of drill-ready locations and the promise of billions worth of synergies. However, service cost inflation and takeaway capacity constraints in the Permian have emerged as concerns. Hence, investors are advised to wait for a better entry point before buying shares in Diamondback." (2/8/2019)

Has Diamondback Energy been receiving favorable news coverage?

News headlines about FANG stock have been trending negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Diamondback Energy earned a news sentiment score of -2.8 on InfoTrie's scale. They also assigned news articles about the oil and natural gas company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Diamondback Energy.

Are investors shorting Diamondback Energy?

Diamondback Energy saw a increase in short interest in the month of November. As of November 29th, there was short interest totalling 8,170,000 shares, an increase of 6.2% from the November 14th total of 7,690,000 shares. Based on an average daily trading volume, of 2,155,400 shares, the short-interest ratio is currently 3.8 days. Currently, 5.1% of the company's stock are short sold. View Diamondback Energy's Current Options Chain.

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), Micron Technology (MU), NVIDIA (NVDA), Netflix (NFLX), salesforce.com (CRM), JPMorgan Chase & Co. (JPM), Boeing (BA), AbbVie (ABBV), Home Depot (HD) and Caterpillar (CAT).

Who are Diamondback Energy's key executives?

Diamondback Energy's management team includes the folowing people:
  • Mr. Travis D. Stice, CEO & Director (Age 57)
  • Mr. Michael L. Hollis, Pres, COO & Director (Age 44)
  • Ms. Teresa L. Dick, Chief Accounting Officer, Exec. VP & Assistant Sec. (Age 49)
  • Mr. Russell D. Pantermuehl, Exec. VP & Chief Engineer (Age 59)
  • Mr. Kaes Van't Hof, CFO & Exec. VP of Bus. Devel. (Age 32)

Who are Diamondback Energy's major shareholders?

Diamondback Energy's stock is owned by many different of institutional and retail investors. Top institutional investors include State Street Corp (4.92%), Boston Partners (1.58%), Millennium Management LLC (1.46%), Point72 Asset Management L.P. (0.71%), Massachusetts Financial Services Co. MA (0.57%) and Eagle Asset Management Inc. (0.50%). 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, Teresa L Dick and Travis D Stice. View Institutional Ownership Trends for Diamondback Energy.

Which major investors are selling Diamondback Energy stock?

FANG stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Point72 Asset Management L.P., Carillon Tower Advisers Inc., Icon Advisers Inc. Co., State Street Corp, Columbus Circle Investors, Parametric Portfolio Associates LLC and Systematic Financial Management LP. Company insiders that have sold Diamondback Energy company stock in the last year include Hof Matthew Kaes Van't, Jennifer Soliman, Michael L Hollis, Michael P Cross, Randall J Holder and Russell Pantermuehl. View Insider Buying and Selling for Diamondback Energy.

Which major investors are buying Diamondback Energy stock?

FANG stock was purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, Voya Investment Management LLC, Massachusetts Financial Services Co. MA, Phoenix Holdings Ltd., Teacher Retirement System of Texas, California Public Employees Retirement System, State of New Jersey Common Pension Fund D and CIBC Private Wealth Group LLC. Company insiders that have bought Diamondback Energy stock in the last two years include Michael L Hollis and Travis D Stice. View Insider Buying and Selling for Diamondback Energy.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Diamondback Energy's stock price today?

One share of FANG stock can currently be purchased for approximately $85.09.

How big of a company is Diamondback Energy?

Diamondback Energy has a market capitalization of $13.65 billion and generates $2.18 billion in revenue each year. The oil and natural gas company earns $845.67 million in net income (profit) each year or $5.87 on an earnings per share basis. Diamondback Energy employs 711 workers across the globe.View Additional Information About Diamondback Energy.

What is Diamondback Energy's official website?

The official website for Diamondback Energy is http://www.diamondbackenergy.com/.

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]


MarketBeat Community Rating for Diamondback Energy (NASDAQ FANG)

Community Ranking:  3.4 out of 5 (star star star)
Outperform Votes:  1,056 (Vote Outperform)
Underperform Votes:  496 (Vote Underperform)
Total Votes:  1,552
MarketBeat's community ratings are surveys of what our community members think about Diamondback Energy and other stocks. Vote "Outperform" if you believe FANG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FANG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/16/2019 by MarketBeat.com Staff

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