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NASDAQ:FANG

Diamondback Energy Stock Forecast, Price & News

$78.69
+2.49 (+3.27 %)
(As of 05/14/2021 03:59 PM ET)
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Today's Range
$76.81
$79.26
50-Day Range
$73.49
$84.34
52-Week Range
$23.63
$88.75
Volume172,375 shs
Average Volume2.93 million shs
Market Capitalization$14.24 billion
P/E RatioN/A
Dividend Yield2.01%
Beta2.59
30 days | 90 days | 365 days | Advanced Chart
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Diamondback Energy logo

About Diamondback Energy

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, 2020, the company's total acreage position was approximately 449,642 gross acres in the Permian Basin; and estimated proved oil and natural gas reserves were 1,316,441 thousand barrels of crude oil equivalent. It also held working interests in 4,326 gross producing wells, as well as royalty interests in 4,553 additional wells. In addition, the company owns mineral interests approximately 787,264 gross acres and 24,350 net royalty acres in the Permian Basin and Eagle Ford Shale; and owns, operates, develops, and acquires midstream infrastructure assets, including 927 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.

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Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
Current SymbolNASDAQ:FANG
CUSIP25278X10
Phone432-221-7400
Employees732
Year Founded2007

Sales & Book Value

Annual Sales$3.96 billion
Cash Flow$20.65 per share
Book Value$92.90 per share

Profitability

Net Income$240 million
Net Margins-135.48%

Debt

Price-To-Earnings

Miscellaneous

Market Cap$14.24 billion
Next Earnings Date8/2/2021 (Estimated)
OptionableOptionable

Social Links


MarketRank

Overall MarketRank

2.75 out of 5 stars

Oils/Energy Sector

1st out of 664 stocks

Crude Petroleum & Natural Gas Industry

1st out of 247 stocks

Analyst Opinion: 2.4Community Rank: 3.4Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 3.8 5 -4 -3 -2 -1 -
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Diamondback Energy (NASDAQ:FANG) Frequently Asked Questions

Is Diamondback Energy a buy right now?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diamondback Energy in the last twelve months. There are currently 4 hold ratings and 23 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Diamondback Energy stock.
View analyst ratings for Diamondback Energy
or view top-rated stocks.

What stocks does MarketBeat like better than Diamondback Energy?

Wall Street analysts have given Diamondback Energy a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Diamondback Energy wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Diamondback Energy?

Diamondback Energy saw a decrease in short interest in the month of April. As of April 15th, there was short interest totaling 4,260,000 shares, a decrease of 25.0% from the March 31st total of 5,680,000 shares. Based on an average daily volume of 2,910,000 shares, the days-to-cover ratio is presently 1.5 days.
View Diamondback Energy's Short Interest
.

When is Diamondback Energy's next earnings date?

Diamondback Energy is scheduled to release its next quarterly earnings announcement on Monday, August 2nd 2021.
View our earnings forecast for Diamondback Energy
.

How were Diamondback Energy's earnings last quarter?

Diamondback Energy, Inc. (NASDAQ:FANG) announced its quarterly earnings data on Sunday, May, 2nd. The oil and natural gas company reported $2.30 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.57. The oil and natural gas company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $864.18 million. Diamondback Energy had a positive trailing twelve-month return on equity of 5.10% and a negative net margin of 135.48%. The company's quarterly revenue was up 31.7% compared to the same quarter last year. During the same period last year, the firm posted $1.45 earnings per share.
View Diamondback Energy's earnings history
.

How has Diamondback Energy's stock 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 (WHO). Since then, FANG shares have increased by 198.4% and is now trading at $78.19.
View which stocks have been most impacted by COVID-19
.

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

Diamondback Energy announced a quarterly dividend on Monday, May 3rd. Stockholders of record on Thursday, May 13th will be given a dividend of $0.40 per share on Thursday, May 20th. This represents a $1.60 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Wednesday, May 12th.
View Diamondback Energy's dividend history
.

Is Diamondback Energy a good dividend stock?

Diamondback Energy pays an annual dividend of $1.60 per share and currently has a dividend yield of 2.01%. Diamondback Energy does not yet have a strock track record of dividend growth. The dividend payout ratio of Diamondback Energy is 23.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Diamondback Energy will have a dividend payout ratio of 33.76% 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?

27 equities research analysts have issued 12 month target prices for Diamondback Energy's shares. Their forecasts range from $45.00 to $115.00. On average, they anticipate Diamondback Energy's stock price to reach $85.46 in the next twelve months. This suggests a possible upside of 9.3% from the stock's current price.
View analysts' price targets for Diamondback Energy
or view top-rated stocks among Wall Street analysts.

Who are Diamondback Energy's key executives?

Diamondback Energy's management team includes the following people:
  • Mr. Travis D. Stice, CEO & Director (Age 59, Pay $3.62M)
  • Mr. Matthew Kaes Van't Hof, CFO & Exec. VP of Bus. Devel. (Age 34, Pay $1.66M)
  • Ms. Teresa L. Dick, Chief Accounting Officer, Exec. VP & Assistant Sec. (Age 51, Pay $1.02M)
  • Mr. P. Matt Zmigrosky, Exec. VP, Gen. Counsel & Sec. (Age 42, Pay $894.21k)
  • Mr. Russell D. Pantermuehl, Exec. VP & Chief Engineer (Age 61, Pay $1.4M)
  • Mr. Thomas F. Hawkins, Exec. VP of Land (Age 67, 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 51)
  • Mr. David L. Cannon, Sr. VP of Geoscience and Technology

What is Travis D. Stice's approval rating as Diamondback Energy's CEO?

14 employees have rated Diamondback Energy CEO Travis D. Stice on Glassdoor.com. Travis D. Stice has an approval rating of 96% among Diamondback Energy's employees. This puts Travis D. Stice in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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).

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (6.38%), JPMorgan Chase & Co. (5.67%), Boston Partners (2.10%), Geode Capital Management LLC (1.79%), Bank of New York Mellon Corp (1.21%) and Massachusetts Financial Services Co. MA (0.96%). Company insiders that own Diamondback Energy stock include Hof Matthew Kaes Van't, Michael L Hollis, Michael P Cross, Randall J Holder, Russell Pantermuehl 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 JPMorgan Chase & Co., Russell Investments Group Ltd., Carlson Capital L P, Credit Suisse AG, Principal Financial Group Inc., First Manhattan Co., Advisory Research Inc., and Franklin Resources Inc.. Company insiders that have sold Diamondback Energy company stock in the last year include Hof Matthew Kaes Van't, and Travis D Stice.
View insider buying and selling activity for Diamondback Energy
or view top insider-selling stocks.

Which major investors are buying Diamondback Energy stock?

FANG stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Boston Partners, GW&K Investment Management LLC, Vaughan Nelson Investment Management L.P., Geode Capital Management LLC, Allianz Asset Management GmbH, Bank of New York Mellon Corp, and State of Tennessee Treasury Department. Company insiders that have bought Diamondback Energy stock in the last two years include Hof Matthew Kaes Van't, 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.
Compare Top Brokerages Here.

What is Diamondback Energy's stock price today?

One share of FANG stock can currently be purchased for approximately $78.19.

How much money does Diamondback Energy make?

Diamondback Energy has a market capitalization of $14.15 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.

How many employees does Diamondback Energy have?

Diamondback Energy employs 732 workers across the globe.

When was Diamondback Energy founded?

Diamondback Energy was founded in 2007.

What is Diamondback Energy's official website?

The official website for Diamondback Energy is www.diamondbackenergy.com.

Where are Diamondback Energy's headquarters?

Diamondback Energy is headquartered at 500 West Texas Suite 1200, Midland TX, 79701.

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 5/14/2021 by MarketBeat.com Staff
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