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.
Industry, Sector and Symbol
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
SymbolNASDAQ:FANG
CUSIP25278X10
Phone432-221-7400
Debt
Debt-to-Equity Ratio0.30
Current Ratio0.53
Quick Ratio0.52
Price-To-Earnings
Trailing P/E Ratio23.82
Forward P/E Ratio18.75
P/E Growth0.7
Sales & Book Value
Annual Sales$1.21 billion
Price / Sales10.28
Cash Flow$8.6469 per share
Price / Cash14.53
Book Value$56.86 per share
Price / Book2.21
Profitability
EPS (Most Recent Fiscal Year)$5.30
Net Income$516.75 million
Net Margins35.09%
Return on Equity10.53%
Return on Assets7.77%
Miscellaneous
Employees251
Outstanding Shares98,610,000
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 special dividend on Wednesday, May 9th. Investors of record on Monday, May 21st will be given a dividend of $0.125 per share on Tuesday, May 29th. The ex-dividend date of this dividend is Friday, May 18th. View Diamondback Energy's Dividend History.
How were Diamondback Energy's earnings last quarter?
Diamondback Energy Inc (NASDAQ:FANG) issued its quarterly earnings data on Tuesday, May, 8th. The oil and natural gas company reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.59 by $0.05. The oil and natural gas company earned $480.20 million during the quarter, compared to the consensus estimate of $445.78 million. Diamondback Energy had a net margin of 35.09% and a return on equity of 10.53%. The firm's revenue for the quarter was up 104.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.04 EPS. View Diamondback Energy's Earnings History.
When is Diamondback Energy's next earnings date?
What price target have analysts set for FANG?
25 analysts have issued 12-month target prices for Diamondback Energy's stock. Their forecasts range from $115.00 to $177.00. On average, they anticipate Diamondback Energy's share price to reach $143.4583 in the next year. 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. Williams Capital analysts commented, "We believe this is a s olid well that provides upside to our RNAV." (5/9/2018)
- 2. According to Zacks Investment Research, "Diamondback Energy, Inc. is an oil and natural gas company focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. The Company's activities are primarily focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn and Atoka formations. Diamondback Energy, Inc. is headquartered in Midland, Texas. " (1/18/2018)
Who are some of Diamondback Energy's key competitors?
Some companies that are related to Diamondback Energy include Canadian Natural Resource (CNQ), Ecopetrol (EC), Anadarko Petroleum (APC), Pioneer Natural Resources (PXD), The Hong Kong and China Gas (HOKCY), Continental Resources (CLR), WOODSIDE Pet Lt/ADR (WOPEY), Sasol (SSL), Devon Energy (DVN), Concho Resources (CXO), Marathon Oil (MRO), Noble Energy (NBL), Apache (APA), GALP ENERGIA SG/ADR (GLPEY) and EQT (EQT).
Who are Diamondback Energy's key executives?
Diamondback Energy's management team includes the folowing people:
- Mr. Travis D. Stice, CEO & Director (Age 56)
- Mr. Michael L. Hollis, Pres, COO & Director (Age 43)
- Ms. Teresa L. Dick, Exec. VP, CFO & Assistant Sec. (Age 48)
- Mr. Russell D. Pantermuehl, Exec. VP of Reservoir Engineering (Age 58)
- Mr. Paul S. Molnar, Exec. VP of Exploration & Bus. Devel. (Age 62)
Has Diamondback Energy been receiving favorable news coverage?
Media stories about FANG stock have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Diamondback Energy earned a news impact score of 0.15 on Accern's scale. They also assigned news stories about the oil and natural gas company an impact score of 46.21 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term.
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 Boston Partners (6.19%), JPMorgan Chase & Co. (5.79%), BlackRock Inc. (5.06%), Artisan Partners Limited Partnership (1.80%), Van ECK Associates Corp (1.59%) and Victory Capital Management Inc. (1.21%). Company insiders that own Diamondback Energy stock include Elizabeth Moses, 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 Boston Partners, Victory Capital Management Inc., Artisan Partners Limited Partnership, Caymus Capital Partners L.P., Wexford Capital LP, State of Wisconsin Investment Board, Gabelli Funds LLC and Schroder Investment Management Group. Company insiders that have sold Diamondback Energy company stock in the last year include Hof Matthew Kaes Van't, Jennifer Soliman, Michael L Hollis, Paul Molnar, Randall J Holder, Russell Pantermuehl, Teresa L Dick and Travis D Stice. 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 Lord Abbett & CO. LLC, Capital Growth Management LP, Arosa Capital Management LP, Legal & General Group Plc, BlackRock Inc., Atlantic Trust Group LLC, Dimensional Fund Advisors LP and Fisher Asset Management LLC. 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 $125.56.
How big of a company is Diamondback Energy?
Diamondback Energy has a market capitalization of $12.38 billion and generates $1.21 billion in revenue each year. The oil and natural gas company earns $516.75 million in net income (profit) each year or $5.30 on an earnings per share basis. Diamondback Energy employs 251 workers across the globe.
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 (FANG)
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.
