NASDAQ:FANG - Diamondback Energy Stock Price, News, & Analysis

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$105.64 +0.63 (+0.60 %)
(As of 01/17/2019 03:41 AM ET)
Previous Close$105.01
Today's Range$103.94 - $106.90
52-Week Range$85.19 - $140.78
Volume1.34 million shs
Average Volume2.10 million shs
Market Capitalization$10.58 billion
P/E Ratio19.93
Dividend Yield0.47%
Beta0.88
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.

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Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
Current SymbolNASDAQ:FANG
CUSIP25278X10
Phone432-221-7400

Debt

Current Ratio1.10
Quick Ratio1.08

Price-To-Earnings

Sales & Book Value

Annual Sales$1.21 billion
Price / Sales8.88
Cash Flow$8.7306 per share
Price / Cash Flow12.10
Book Value$56.86 per share
Price / Book1.86

Profitability

Net Income$516.75 million
Net Margins33.63%
Return on Assets7.35%

Miscellaneous

Employees251
Market Cap$10.58 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. Investors of record on Monday, November 19th will be paid a dividend of $0.125 per share on Monday, November 26th. This represents a $0.50 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Friday, November 16th. View Diamondback Energy's Dividend History.

How were Diamondback Energy's earnings last quarter?

Diamondback Energy Inc (NASDAQ:FANG) released its earnings results on Tuesday, November, 6th. The oil and natural gas company reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.52 by $0.15. The oil and natural gas company had revenue of $538.03 million for the quarter, compared to analysts' expectations of $518.32 million. Diamondback Energy had a return on equity of 10.75% and a net margin of 33.63%. The company's revenue was up 78.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.33 earnings per share. View Diamondback Energy's Earnings History.

When is Diamondback Energy's next earnings date?

Diamondback Energy is scheduled to release their next quarterly earnings announcement on Tuesday, February 12th 2019. View Earnings Estimates for Diamondback Energy.

What price target have analysts set for FANG?

29 brokers have issued 12-month price objectives for Diamondback Energy's shares. Their predictions range from $116.00 to $211.00. On average, they anticipate Diamondback Energy's share price to reach $159.16 in the next year. This suggests a possible upside of 50.7% 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 1 hold rating, 27 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, "Taking into account multiple headwinds, Diamondback's rating is downgraded to 'Strong Sell'. Over the last three months, shares of Diamondback Energy declined more than 15% as a renewed slump in crude prices due to a persistent global supply glut sent a shockwave through the industry. As it is, the Permian pure play has been grappling with pipeline crisis in the region. Diamondback is bearing the brunt of discounted oil prices due to infrastructure bottlenecks in Permian play. In addition, the region's oilfield service cost inflation may affect returns as well. Needless to say, the company faces huge geographic concentration risk. Consequently, Diamondback is viewed as a risky bet as of now. " (1/11/2019)
  • 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?

Media headlines about FANG stock have been trending positive on Thursday, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Diamondback Energy earned a coverage optimism score of 2.3 on InfoTrie's scale. They also gave headlines about the oil and natural gas company a news buzz of 5.0 out of 10, meaning that recent media coverage is somewhat likely to have an effect on the stock's share price in the immediate future.

Are investors shorting Diamondback Energy?

Diamondback Energy saw a decrease in short interest in the month of December. As of December 14th, there was short interest totalling 6,602,424 shares, a decrease of 46.8% from the November 30th total of 12,405,538 shares. Based on an average daily volume of 3,944,688 shares, the short-interest ratio is currently 1.7 days. Currently, 6.6% of the company's stock are short sold. View Diamondback Energy's Current Options Chain.

Who are some of Diamondback Energy's key competitors?

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 many different of retail and institutional investors. Top institutional investors include Scout Investments Inc. (0.63%), Retirement Systems of Alabama (0.10%), Vigilant Capital Management LLC (0.09%), CENTRAL TRUST Co (0.06%), Gulf International Bank UK Ltd (0.04%) and State of Alaska Department of Revenue (0.02%). 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 institutional investors are selling Diamondback Energy stock?

FANG stock was sold by a variety of institutional investors in the last quarter, including Vigilant Capital Management LLC and Cozad Asset Management Inc.. Company insiders that have sold Diamondback Energy company stock in the last year include Hof Matthew Kaes Van't, Jennifer Soliman, Michael L Hollis, 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 Scout Investments Inc., Retirement Systems of Alabama, State of Alaska Department of Revenue, Louisiana State Employees Retirement System, DNB Asset Management AS, Welch Group LLC, Gateway Investment Advisers LLC and Highland Capital 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 $105.64.

How big of a company is Diamondback Energy?

Diamondback Energy has a market capitalization of $10.58 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?

The official website for Diamondback Energy is http://www.diamondbackenergy.com.

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)

Community Ranking:  3.5 out of 5 (star star star half star)
Outperform Votes:  953 (Vote Outperform)
Underperform Votes:  425 (Vote Underperform)
Total Votes:  1,378
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.
This page was last updated on 1/17/2019 by MarketBeat.com Staff

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