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

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$105.18 +2.00 (+1.94 %)
(As of 03/20/2019 04:00 PM ET)
Previous Close$103.18
Today's Range$102.75 - $106.32
52-Week Range$85.19 - $140.78
Volume1.18 million shs
Average Volume1.90 million shs
Market Capitalization$17.29 billion
P/E Ratio17.92
Dividend Yield0.48%
Beta0.8
Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. Its activities are primarily focused on the Wolfcamp, Spraberry, Clearfork, Bone Spring, and Cline formations. As of December 31, 2017, the company's net acreage position was approximately 206,660 acres in the Permian Basin; and estimated proved oil and natural gas reserves were 335,352 thousand barrels of crude oil equivalent. It also held working interests in 1,166 gross producing wells, as well as royalty interests in 64 additional wells. In addition, the company, through its subsidiary, Viper Energy Partners LP, owns mineral interests in approximately 247,602 gross acres primarily in Midland County, Texas. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.

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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$7.6550 per share
Book Value$86.24 per share

Profitability

Net Income$944.90 million

Miscellaneous

EmployeesN/A
Market Cap$17.29 billion
Next Earnings Date5/14/2019 (Estimated)
OptionableOptionable

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 Friday, February 8th. Shareholders of record on Thursday, February 21st will be paid a dividend of $0.125 per share on Thursday, February 28th. This represents a $0.50 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Wednesday, February 20th. 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, February, 19th. The oil and natural gas company reported $1.21 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.62 by $0.41. The oil and natural gas company had revenue of $633.06 million for the quarter, compared to analysts' expectations of $663.21 million. Diamondback Energy had a return on equity of 7.83% and a net margin of 38.84%. 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, May 14th 2019. View Earnings Estimates for Diamondback Energy.

What price target have analysts set for FANG?

25 brokerages have issued 12 month price targets for Diamondback Energy's stock. Their predictions range from $116.00 to $211.00. On average, they expect Diamondback Energy's share price to reach $161.4762 in the next twelve months. This suggests a possible upside of 53.5% 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 24 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. 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)
  • 2. Williams Capital analysts commented, "We raise our PT to $162 (from $156) on our increased RNAV and revised esmates. Despite the upside poten al to our PT and our posive view on the assets, management and upcoming cat alysts, we reaffirm our Hold rang. We believe it is prudent to wait for a beer entry point given the current valuaon and risk/reward profile. Never theless, we expect shares to outperform in today’s trading on the solid 2Q18 results/update and accreve acquision." (8/9/2018)

Has Diamondback Energy been receiving favorable news coverage?

Press coverage about FANG stock has trended somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Diamondback Energy earned a news impact score of 1.3 on InfoTrie's scale. They also gave news headlines about the oil and natural gas company a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the stock's share price in the immediate future.

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), Netflix (NFLX), salesforce.com (CRM), Home Depot (HD), Pioneer Natural Resources (PXD), Chevron (CVX), Palo Alto Networks (PANW) and Intel (INTC).

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, Exec. VP, CFO & Assistant Sec. (Age 49)
  • Mr. Russell D. Pantermuehl, Exec. VP of Reservoir Engineering (Age 59)
  • Mr. Paul S. Molnar, Exec. VP of Exploration & Bus. Devel. (Age 63)

Who are Diamondback Energy's major shareholders?

Diamondback Energy's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.05%), FMR LLC (6.60%), Boston Partners (3.38%), Oregon Public Employees Retirement Fund (2.94%), Geode Capital Management LLC (2.01%) and Northern Trust Corp (1.62%). Company insiders that own Diamondback Energy stock include Hof Matthew Kaes Van't, Jennifer Soliman, Mark Lawrence Plaumann, Michael L Hollis, Paul Molnar, Randall J Holder, Russell Pantermuehl, Steven E West, 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 FMR LLC, CIBC Private Wealth Group LLC, Bank of America Corp DE, Peregrine Capital Management LLC, Columbus Circle Investors, Cambridge Trust Co., Van ECK Associates Corp and Macquarie 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, Randall J Holder, Russell Pantermuehl and Teresa L Dick. View Insider Buying and Selling for Diamondback Energy.

Which institutional investors are buying Diamondback Energy stock?

FANG stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Oregon Public Employees Retirement Fund, Boston Partners, Norges Bank, Geode Capital Management LLC, Northern Trust Corp, Ceredex Value Advisors LLC and Bank of New York Mellon Corp. Company insiders that have bought Diamondback Energy stock in the last two years include Michael L Hollis and Steven E West. 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, Scottrade, Fidelity and Charles Schwab.

What is Diamondback Energy's stock price today?

One share of FANG stock can currently be purchased for approximately $105.18.

How big of a company is Diamondback Energy?

Diamondback Energy has a market capitalization of $17.29 billion and generates $2.18 billion in revenue each year. The oil and natural gas company earns $944.90 million in net income (profit) each year or $5.87 on an earnings per share basis.

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:  3.5 out of 5 (star star star half star)
Outperform Votes:  964 (Vote Outperform)
Underperform Votes:  433 (Vote Underperform)
Total Votes:  1,397
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 3/20/2019 by MarketBeat.com Staff

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