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
Current SymbolNASDAQ:FANG
Previous Symbol
CUSIP25278X10
Phone432-221-7400
Debt
Debt-to-Equity Ratio0.36
Current Ratio1.10
Quick Ratio1.08
Price-To-Earnings
Trailing P/E Ratio20.71
Forward P/E Ratio16.41
P/E Growth0.65
Sales & Book Value
Annual Sales$1.21 billion
Price / Sales9.22
Cash Flow$8.2974 per share
Price / Cash13.23
Book Value$56.86 per share
Price / Book1.93
Profitability
EPS (Most Recent Fiscal Year)$5.30
Net Income$516.75 million
Net Margins33.63%
Return on Equity10.75%
Return on Assets7.35%
Miscellaneous
Employees251
Outstanding Shares101,260,000
Market Cap$11.57 billion
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 Tuesday, November 6th. Shareholders of record on Monday, November 19th will be given a dividend of $0.125 per share on Monday, November 26th. This represents a $0.50 annualized dividend and a yield of 0.46%. The ex-dividend date is Friday, November 16th. View Diamondback Energy's Dividend History.
How were Diamondback Energy's earnings last quarter?
Diamondback Energy Inc (NASDAQ:FANG) issued its earnings results on Tuesday, November, 6th. The oil and natural gas company reported $1.67 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.15. The oil and natural gas company earned $538.03 million during the quarter, compared to analyst estimates of $518.32 million. Diamondback Energy had a net margin of 33.63% and a return on equity of 10.75%. Diamondback Energy's quarterly revenue was up 78.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.33 EPS. View Diamondback Energy's Earnings History.
When is Diamondback Energy's next earnings date?
What price target have analysts set for FANG?
29 brokerages have issued 1-year target prices for Diamondback Energy's stock. Their forecasts range from $118.00 to $211.00. On average, they expect Diamondback Energy's share price to reach $158.3333 in the next twelve months. This suggests a possible upside of 45.6% 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, 26 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's strategic acreage position in the low-cost high-margin Permian Basin bodes well for the Texas-based explorer and is responsible for its robust production growth. Diamondback has been strategically working to further boost its presence in the shale play. In this regard, it has entered into two deals to buy Ajax Resources and Energen Corporation. The deals will be immediately accretive to Diamondback’s production, earnings and cash flows and bring about various financial and operational synergies. FANG has also raised its full year production outlook and expects a 45% increase from the output levels of 2017. However, there are worries about the pipeline capacity constraints in the Permian, which compels FANG to sell its products at a discounted rate. Lack of geographical diversification aggravates the concern. This accounts for the company's 'Hold' rating." (11/13/2018)
- 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?
News coverage about FANG stock has trended somewhat negative this week, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Diamondback Energy earned a daily sentiment score of -1.9 on InfoTrie's scale. They also assigned news headlines about the oil and natural gas company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the near term.
Who are some of Diamondback Energy's key competitors?
Some companies that are related to Diamondback Energy include Ecopetrol (EC), Canadian Natural Resource (CNQ), The Hong Kong and China Gas (HOKCY), Anadarko Petroleum (APC), Concho Resources (CXO), Pioneer Natural Resources (PXD), WOODSIDE Pet Lt/ADR (WOPEY), Sasol (SSL), Continental Resources (CLR), Marathon Oil (MRO), Apache (APA), Devon Energy (DVN), Rwe Ag Sp (RWEOY), GALP ENERGIA SG/ADR (GLPEY) and TORAY INDUSTRIE/ADR (TRYIY).
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)
Who are Diamondback Energy's major shareholders?
Diamondback Energy's stock is owned by a number of of retail and institutional investors. Top institutional investors include Capital World Investors (11.78%), FMR LLC (10.10%), JPMorgan Chase & Co. (7.39%), Capital Research Global Investors (6.48%), BlackRock Inc. (5.06%) and TIAA CREF Investment Management LLC (1.65%). 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 Capital Research Global Investors, Eagle Asset Management Inc., FMR LLC, Carillon Tower Advisers Inc., Mitsubishi UFJ Trust & Banking Corp, BlueMountain Capital Management LLC, Teachers Advisors LLC and Loomis Sayles & Co. L P. 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 purchased by a variety of institutional investors in the last quarter, including Capital International Investors, JPMorgan Chase & Co., Wexford Capital LP, Capital World Investors, Third Point LLC, FIL Ltd, PointState Capital LP and Point72 Asset Management L.P.. 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 $108.76.
How big of a company is Diamondback Energy?
Diamondback Energy has a market capitalization of $11.57 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.
What is Diamondback Energy's official website?
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.
