S&P 500   3,768.25
DOW   30,814.26
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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NASDAQ:FANG

Diamondback Energy Stock Forecast, Price & News

$59.24
-2.69 (-4.34 %)
(As of 01/15/2021 08:00 PM ET)
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Today's Range
$58.53
Now: $59.24
$61.40
50-Day Range
$39.85
MA: $49.16
$62.87
52-Week Range
$14.55
Now: $59.24
$92.74
Volume156,774 shs
Average Volume3.40 million shs
Market Capitalization$9.36 billion
P/E RatioN/A
Dividend Yield2.53%
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

MarketRank

Overall MarketRank

2.75 out of 5 stars

Oils/Energy Sector

2nd out of 53 stocks

Crude Petroleum & Natural Gas Industry

1st out of 19 stocks

Analyst Opinion: 2.4Community Rank: 3.4Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 3.8 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.96 billion
Cash Flow$15.55 per share
Book Value$92.90 per share

Profitability

Net Income$240 million
Net Margins-135.48%

Miscellaneous

Market Cap$9.36 billion
Next Earnings Date2/22/2021 (Confirmed)
OptionableOptionable
$59.24
-2.69 (-4.34 %)
(As of 01/15/2021 08:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Diamondback Energy (NASDAQ:FANG) Frequently Asked Questions

How has Diamondback Energy's stock price been impacted by Coronavirus?

Diamondback Energy's stock was trading at $26.20 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, FANG stock has increased by 126.1% and is now trading at $59.24.
View which stocks have been most impacted by COVID-19
.

Is Diamondback Energy a buy right now?

25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Diamondback Energy in the last year. There are currently 3 hold ratings and 22 buy ratings 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 MarketBeat's top 5 stock picks.

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, February 22nd 2021.
View our earnings forecast for Diamondback Energy
.

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

Diamondback Energy will be holding an earnings conference call on Monday, February 22nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Diamondback Energy's earnings last quarter?

Diamondback Energy, Inc. (NASDAQ:FANG) released its quarterly earnings data on Saturday, November, 7th. The oil and natural gas company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.36 by $0.26. The oil and natural gas company had revenue of $720 million for the quarter, compared to the consensus estimate of $712.27 million. Diamondback Energy had a negative net margin of 135.48% and a positive return on equity of 5.10%. The firm's revenue for the quarter was down 26.2% on a year-over-year basis. During the same quarter last year, the business posted $1.47 EPS.
View Diamondback Energy's earnings history
.

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

Diamondback Energy declared a quarterly dividend on Monday, November 2nd. Investors of record on Thursday, November 12th will be given a dividend of $0.375 per share on Thursday, November 19th. This represents a $1.50 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Tuesday, November 10th.
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 2.53%. 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?

25 analysts have issued 1 year price objectives for Diamondback Energy's shares. Their forecasts range from $43.00 to $134.00. On average, they expect Diamondback Energy's share price to reach $60.09 in the next year. This suggests a possible upside of 1.4% from the stock's current price.
View analysts' price targets for Diamondback Energy
or view Wall Street analyst' top-rated stocks.

Are investors shorting Diamondback Energy?

Diamondback Energy saw a decline in short interest in December. As of December 31st, there was short interest totaling 7,590,000 shares, a decline of 21.0% from the December 15th total of 9,610,000 shares. Based on an average trading volume of 4,010,000 shares, the short-interest ratio is presently 1.9 days. Currently, 4.8% of the shares of the company are sold short.
View Diamondback Energy's Short Interest
.

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).

Who are Diamondback Energy's key executives?

Diamondback Energy's management team includes the following people:
  • Mr. Travis D. Stice, CEO & Director (Age 58, 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 50, Pay $1.02M)
  • Mr. P. Matt Zmigrosky, Exec. VP, Gen. Counsel & Sec. (Age 41, Pay $894.21k)
  • Mr. Russell D. Pantermuehl, Exec. VP & Chief Engineer (Age 60, Pay $1.4M)
  • Mr. Thomas F. Hawkins, Exec. VP of Land (Age 66, Pay $844.23k)
  • Mr. Daniel N. Wesson, Exec. VP of Operations (Age 36)
  • Mr. Adam T. Lawlis, VP of Investor Relations
  • Ms. Jennifer Soliman, Exec. VP & Chief HR Officer (Age 50)
  • Mr. David L. Cannon, Sr. VP of Geoscience and Technology

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 a number of retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.02%), Louisiana State Employees Retirement System (0.01%), Triangle Securities Wealth Management (0.00%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (0.00%), Crossmark Global Holdings Inc. (0.00%) and XR Securities LLC (0.00%). 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 Crossmark Global Holdings Inc., Triangle Securities Wealth Management, State of Alaska Department of Revenue, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA, and Global Trust Asset Management LLC.
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 XR Securities LLC, Sowell Financial Services LLC, and Louisiana State Employees Retirement System. 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.

What is Diamondback Energy's stock price today?

One share of FANG stock can currently be purchased for approximately $59.24.

How big of a company is Diamondback Energy?

Diamondback Energy has a market capitalization of $9.36 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. 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.

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 1/18/2021 by MarketBeat.com Staff

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