NASDAQ:FANG

Diamondback Energy Stock Forecast, Price & News

$79.07
+0.52 (+0.66 %)
(As of 07/28/2021 09:46 AM ET)
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Today's Range
$78.55
$79.76
50-Day Range
$73.19
$99.60
52-Week Range
$23.63
$102.53
Volume4,337 shs
Average Volume2.76 million shs
Market Capitalization$14.31 billion
P/E RatioN/A
Dividend Yield1.99%
Beta2.77
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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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MarketRank

Overall MarketRank

3.15 out of 5 stars

Oils/Energy Sector

4th out of 712 stocks

Crude Petroleum & Natural Gas Industry

2nd out of 270 stocks

Analyst Opinion: 4.4Community Rank: 4.0Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
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Diamondback Energy (NASDAQ:FANG) Frequently Asked Questions

Is Diamondback Energy a buy right now?

25 Wall Street equities 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 equities research 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 increase in short interest in June. As of June 30th, there was short interest totaling 4,450,000 shares, an increase of 39.9% from the June 15th total of 3,180,000 shares. Based on an average daily trading volume, of 2,370,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 2.8% of the company's stock are sold short.
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 can I listen to Diamondback Energy's earnings call?

Diamondback Energy will be holding an earnings conference call on Tuesday, August 3rd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 404-537-3406 with passcode "3973167".

How were Diamondback Energy's earnings last quarter?

Diamondback Energy, Inc. (NASDAQ:FANG) issued its quarterly earnings data on Sunday, May, 2nd. The oil and natural gas company reported $2.30 earnings per share (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 the consensus estimate of $864.18 million. Diamondback Energy had a positive trailing twelve-month return on equity of 5.73% and a negative net margin of 129.92%. The company's revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.45 earnings per share.
View Diamondback Energy's earnings history
.

How has Diamondback Energy's stock been impacted by COVID-19 (Coronavirus)?

Diamondback Energy's stock was trading at $26.20 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, FANG stock has increased by 199.8% and is now trading at $78.55.
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. Shareholders of record on Thursday, May 13th will be paid a dividend of $0.40 per share on Thursday, May 20th. This represents a $1.60 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend 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 1.99%. Diamondback Energy does not yet have a strong track record of dividend growth. The dividend payout ratio of Diamondback Energy is 52.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Diamondback Energy will have a dividend payout ratio of 12.39% 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 brokerages have issued twelve-month price targets for Diamondback Energy's shares. Their forecasts range from $60.00 to $131.00. On average, they anticipate Diamondback Energy's stock price to reach $100.61 in the next year. This suggests a possible upside of 28.1% 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 $3.24M)
  • Mr. Matthew Kaes Van't Hof, CFO & Exec. VP of Bus. Devel. (Age 34, Pay $2.28M)
  • Mr. Daniel N. Wesson, Exec. VP of Operations (Age 36, Pay $1.17M)
  • Ms. Teresa L. Dick, Chief Accounting Officer, Exec. VP & Assistant Sec. (Age 51, Pay $966.59k)
  • Mr. Russell D. Pantermuehl, Exec. VP & Chief Engineer (Age 61, Pay $1.33M)
  • Mr. Adam T. Lawlis, VP of Investor Relations
  • Mr. P. Matt Zmigrosky, Exec. VP, Gen. Counsel & Sec. (Age 42)
  • Mr. Jere W. Thompson III, VP of Strategy & Corp. Devel.
  • Ms. Jennifer Soliman, Exec. VP & Chief HR Officer (Age 51)
  • Mr. Thomas F. Hawkins, Exec. VP of Land (Age 67)

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 many different retail and institutional investors. Top institutional shareholders include Vaughan Nelson Investment Management L.P. (0.35%), State of Alaska Department of Revenue (0.06%), Brookstone Capital Management (0.06%), Adams Natural Resources Fund Inc. (0.05%), Transform Wealth LLC (0.04%) and Deroy & Devereaux Private Investment Counsel Inc. (0.02%). Company insiders that own Diamondback Energy stock include Hof Matthew Kaes Van't, Michael L Hollis, Michael P Cross, Randall J Holder, Russell Pantermuehl, 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 Teamwork Financial Advisors LLC, Oregon Public Employees Retirement Fund, Deroy & Devereaux Private Investment Counsel Inc., and Raymond James Trust N.A.. Company insiders that have sold Diamondback Energy company stock in the last year include Hof Matthew Kaes Van't, Teresa L Dick, 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 purchased by a variety of institutional investors in the last quarter, including Brookstone Capital Management, State of Alaska Department of Revenue, Vaughan Nelson Investment Management L.P., Adams Natural Resources Fund Inc., Transform Wealth LLC, Capital Investment Advisory Services LLC, Harel Insurance Investments & Financial Services Ltd., and New Mexico Educational Retirement Board. 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 $78.55.

How much money does Diamondback Energy make?

Diamondback Energy has a market capitalization of $14.22 billion and generates $2.81 billion in revenue each year. The oil and natural gas company earns $-4,517,000,000.00 in net income (profit) each year or $3.04 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 7/28/2021 by MarketBeat.com Staff
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