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Diamondback Energy Stock Price, Forecast & Analysis (NASDAQ:FANG)

$76.47
-1.54 (-1.97 %)
(As of 11/13/2019 03:47 PM ET)
Today's Range
$76.22
Now: $76.47
$78.54
50-Day Range
$75.37
MA: $85.15
$97.30
52-Week Range
$73.71
Now: $76.47
$115.97
Volume122,830 shs
Average Volume1.86 million shs
Market Capitalization$12.27 billion
P/E Ratio13.03
Dividend Yield0.98%
Beta0.78
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$7.71 per share
Book Value$86.24 per share

Profitability

Net Income$845.67 million

Miscellaneous

Employees711
Market Cap$12.27 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 declared a quarterly dividend on Tuesday, November 5th. Investors of record on Friday, November 15th will be paid 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 0.98%. The ex-dividend date of this dividend is Thursday, November 14th. View Diamondback Energy's Dividend History.

How were Diamondback Energy's earnings last quarter?

Diamondback Energy Inc (NASDAQ:FANG) released its quarterly earnings data on Tuesday, November, 5th. The oil and natural gas company reported $1.47 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.71 by $0.24. The oil and natural gas company had revenue of $975 million for the quarter, compared to the consensus estimate of $1.04 billion. Diamondback Energy had a return on equity of 6.01% and a net margin of 29.59%. The firm's revenue for the quarter was up 81.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.67 earnings per share. 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?

25 equities research analysts have issued 1-year price targets for Diamondback Energy's shares. Their forecasts range from $88.00 to $189.00. On average, they anticipate Diamondback Energy's stock price to reach $139.64 in the next twelve months. This suggests a possible upside of 81.9% from the stock's current price. View Analyst Price Targets for Diamondback Energy.

What is the consensus analysts' recommendation for Diamondback Energy?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diamondback Energy in the last year. There are currently 1 hold rating, 23 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?

Press coverage about FANG stock has been trending very negative on Wednesday, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Diamondback Energy earned a daily sentiment score of -3.2 on InfoTrie's scale. They also gave news articles about the oil and natural gas company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the near future. View News Stories for Diamondback Energy.

Are investors shorting Diamondback Energy?

Diamondback Energy saw a decrease in short interest during the month of September. As of September 30th, there was short interest totalling 6,850,000 shares, a decrease of 11.2% from the August 30th total of 7,710,000 shares. Based on an average trading volume of 1,790,000 shares, the days-to-cover ratio is currently 3.8 days. Currently, 4.2% of the shares of the stock are sold short. 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), JPMorgan Chase & Co. (JPM), Boeing (BA), salesforce.com (CRM), Caterpillar (CAT), AbbVie (ABBV) and Walt Disney (DIS).

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 a variety of of institutional and retail investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (0.57%), Eagle Asset Management Inc. (0.50%), Sumitomo Mitsui Trust Holdings Inc. (0.39%), Carillon Tower Advisers Inc. (0.34%), Strs Ohio (0.25%) and Fisher Asset Management LLC (0.21%). Company insiders that own Diamondback Energy stock include Hof Matthew Kaes Van't, Jennifer Soliman, Michael L Hollis, Michael P Cross, Paul Molnar, Randall J Holder, Russell Pantermuehl, Teresa L Dick 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 Carillon Tower Advisers Inc., Icon Advisers Inc. Co., Columbus Circle Investors, Systematic Financial Management LP, Eagle Asset Management Inc., Chartwell Investment Partners LLC, Retirement Systems of Alabama and Russell Investments Group Ltd.. 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 institutional investors are buying Diamondback Energy stock?

FANG stock was purchased by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Teacher Retirement System of Texas, California Public Employees Retirement System, State of New Jersey Common Pension Fund D, CIBC Private Wealth Group LLC, Nippon Life Global Investors Americas Inc., DNB Asset Management AS and Waratah Capital Advisors Ltd.. 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 $76.78.

How big of a company is Diamondback Energy?

Diamondback Energy has a market capitalization of $12.32 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:  1,046 (Vote Outperform)
Underperform Votes:  489 (Vote Underperform)
Total Votes:  1,535
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 11/13/2019 by MarketBeat.com Staff

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