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
Stock Exchange NASDAQ
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
SymbolNASDAQ:FANG
CUSIP25278X10
Phone432-221-7400
Debt
Debt-to-Equity Ratio0.33
Current Ratio0.54
Quick Ratio0.52
Price-To-Earnings
Trailing P/E Ratio24.22
Forward P/E Ratio20.24
P/E Growth0.8
Sales & Book Value
Annual Sales$1.21 billion
Price / Sales10.52
Cash Flow$8.6391 per share
Price / Cash14.88
Book Value$56.86 per share
Price / Book2.26
Profitability
EPS (Most Recent Fiscal Year)$5.30
Net Income$516.75 million
Net Margins33.37%
Return on Equity10.56%
Return on Assets7.50%
Miscellaneous
Employees251
Outstanding Shares98,620,000
Market Cap$12.68 billion
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 Thursday, August 9th. Investors of record on Monday, August 20th will be given a dividend of $0.125 per share on Monday, August 27th. This represents a $0.50 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Friday, August 17th. View Diamondback Energy's Dividend History.
How were Diamondback Energy's earnings last quarter?
Diamondback Energy Inc (NASDAQ:FANG) issued its earnings results on Wednesday, August, 8th. The oil and natural gas company reported $1.59 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.64 by $0.05. The oil and natural gas company earned $526.30 million during the quarter, compared to analysts' expectations of $479.57 million. Diamondback Energy had a return on equity of 10.56% and a net margin of 33.37%. The company's revenue was up 95.4% on a year-over-year basis. During the same period last year, the business posted $1.25 EPS. View Diamondback Energy's Earnings History.
When is Diamondback Energy's next earnings date?
What price target have analysts set for FANG?
29 analysts have issued 1 year price targets for Diamondback Energy's shares. Their forecasts range from $118.00 to $211.00. On average, they anticipate Diamondback Energy's stock price to reach $154.4815 in the next twelve months. This suggests a possible upside of 20.2% from the stock's current price. View Analyst Price Targets for Diamondback Energy.
What is the consensus analysts' recommendation for Diamondback Energy?
29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diamondback Energy in the last year. There are currently 2 hold ratings and 27 buy ratings 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. 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)
- 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)
Are investors shorting Diamondback Energy?
Diamondback Energy saw a increase in short interest in August. As of August 31st, there was short interest totalling 7,656,979 shares, an increase of 50.9% from the August 15th total of 5,074,366 shares. Based on an average daily trading volume, of 1,946,272 shares, the days-to-cover ratio is currently 3.9 days. Approximately 7.8% of the shares of the company are short sold. View Diamondback Energy's Current Options Chain.
Who are some of Diamondback Energy's key competitors?
Some companies that are related to Diamondback Energy include Canadian Natural Resource (CNQ), Anadarko Petroleum (APC), The Hong Kong and China Gas (HOKCY), Pioneer Natural Resources (PXD), Concho Resources (CXO), WOODSIDE Pet Lt/ADR (WOPEY), Sasol (SSL), Continental Resources (CLR), Devon Energy (DVN), Marathon Oil (MRO), Apache (APA), Rwe Ag Sp (RWEOY), Noble Energy (NBL), 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 headlines about FANG stock have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Diamondback Energy earned a news impact score of 0.18 on Accern's scale. They also gave news stories about the oil and natural gas company an impact score of 46.57 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future. View Recent Headlines for Diamondback Energy.
Who are Diamondback Energy's major shareholders?
Diamondback Energy's stock is owned by many different of retail and institutional investors. Top institutional investors include FMR LLC (10.43%), BlackRock Inc. (5.06%), Boston Partners (2.62%), Van ECK Associates Corp (1.62%), Eagle Asset Management Inc. (1.19%) and Bank of America Corp DE (0.94%). 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 major investors are selling Diamondback Energy stock?
FANG stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Artisan Partners Limited Partnership, FMR LLC, Voya Investment Management LLC, Victory Capital Management Inc., Columbus Circle Investors, Perella Weinberg Partners Capital Management LP and Renaissance Technologies LLC. 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 major investors are buying Diamondback Energy stock?
FANG stock was bought by a variety of institutional investors in the last quarter, including BlueMountain Capital Management LLC, Bank of America Corp DE, Janus Henderson Group PLC, CIBC Private Wealth Group LLC, Dimensional Fund Advisors LP, Vigilant Capital Management LLC, Mainstay Capital Management LLC ADV 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 $128.55.
How big of a company is Diamondback Energy?
Diamondback Energy has a market capitalization of $12.68 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 (NASDAQ 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.
