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, 2018, the company's net acreage position was approximately 461,218 acres in the Permian Basin; and estimated proved oil and natural gas reserves were 992,001 thousand barrels of crude oil equivalent. It also held working interests in 7,279 gross producing wells, as well as royalty interests in 2,645 additional wells. In addition, the company, through its subsidiary, Viper Energy Partners LP, owns mineral interests in approximately 532,295 gross acres and 14,841 net royalty acres in the Permian Basin and Eagle Ford Shale. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.
Industry, Sector and Symbol
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
Phone432-221-7400
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$2.18 billion
Profitability
Miscellaneous
Employees711
Next Earnings Date8/14/2019 (Estimated)
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 declared a quarterly dividend on Tuesday, May 7th. Stockholders of record on Tuesday, May 28th will be given a dividend of $0.188 per share on Tuesday, June 4th. This represents a $0.75 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, May 24th. This is a boost from Diamondback Energy's previous quarterly dividend of $0.13. 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, May, 7th. The oil and natural gas company reported $1.39 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.36 by $0.03. The oil and natural gas company had revenue of $864 million for the quarter, compared to analyst estimates of $893.16 million. Diamondback Energy had a net margin of 27.05% and a return on equity of 6.81%. The business's revenue was up 80.4% compared to the same quarter last year. During the same period last year, the firm posted $1.64 EPS. View Diamondback Energy's Earnings History.
When is Diamondback Energy's next earnings date?
What price target have analysts set for FANG?
27 equities research analysts have issued twelve-month target prices for Diamondback Energy's stock. Their forecasts range from $125.00 to $211.00. On average, they expect Diamondback Energy's share price to reach $162.6818 in the next twelve months. This suggests a possible upside of 56.4% from the stock's current price. View Analyst Price Targets for Diamondback Energy.
What is the consensus analysts' recommendation for Diamondback Energy?
27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diamondback Energy in the last year. There are currently 25 buy ratings and 2 strong 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. Northland Securities analysts commented, "We believe FANG is an underappreciated return of capital story with significant potential to ramp up return of capital to shareholders in 2020. We see a likely scenario of the compan y increasing its dividend and establishing a share buyback as our 2020 FCF outlook crystallizes. We estimate FANG trades at a 2020 FCF yield of 5.4% at $60/BBL WTI, above the peer group average of ~4.6% while FANG is expected to record stronger production growth and at a cheaper valuation than peers. FANG’s FCF Profile: We estimate FANG will generate ~ $908MM of FCF in 2020, providing significant potential to accelerate return of capital to shareholders. Recall, FANG established a $0.50/Year dividend in 1Q18 and increased the dividend to $0.75/Year in 1Q19 as it begins to establish a track record of dividend growth." (3/29/2019)
- 2. According to Zacks Investment Research, "Diamondback Energy focuses on growth through a combination of acquisitions and active drilling in the lucrative Permian Basin spread over west Texas and New Mexico. Since the 2012 IPO, the Permian pure play’s annual production and cash flow per share have witnessed CAGRs of 76% and 30%, respectively. Diamondback's twin acquisitions of Energen Corporation and Ajax Resources – totaling more than $10 billion – are expected to further strengthen its Permian position, with multi-year production growth prospects, a wide inventory of drill-ready locations and the promise of billions worth of synergies. However, service cost inflation and takeaway capacity constraints in the Permian have emerged as concerns. Hence, investors are advised to wait for a better entry point before buying shares in Diamondback." (2/8/2019)
- 3. 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?
Headlines about FANG stock have trended somewhat negative this week, InfoTrie Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than six thousand blog and news 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 news sentiment score of -1.7 on InfoTrie's scale. They also gave press coverage about the oil and natural gas company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the next several days.
Who are some of Diamondback Energy's key competitors?
Some companies that are related to Diamondback Energy include ENI (E), EOG Resources (EOG), Occidental Petroleum (OXY), The Hong Kong and China Gas (HOKCY), Anadarko Petroleum (APC), Canadian Natural Resources (CNQ), Pioneer Natural Resources (PXD), WOODSIDE PET LT/ADR (WOPEY), Concho Resources (CXO), Sasol (SSL), Continental Resources (CLR), Rwe Ag Sp (RWEOY), Marathon Oil (MRO), Devon Energy (DVN) and Noble Energy (NBL).
What other stocks do shareholders of Diamondback Energy own?
Who are Diamondback Energy's key executives?
Diamondback Energy's management team includes the folowing people:
- Mr. Travis D. Stice, CEO & Director (Age 57)
- Mr. Michael L. Hollis, Pres, COO & Director (Age 44)
- Ms. Teresa L. Dick, Chief Accounting Officer, Exec. VP & Assistant Sec. (Age 49)
- Mr. Russell D. Pantermuehl, Exec. VP & Chief Engineer (Age 59)
- Mr. Kaes Van't Hof, CFO & Exec. VP of Bus. Devel. (Age 32)
Who are Diamondback Energy's major shareholders?
Diamondback Energy's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (8.22%), BlackRock Inc. (6.22%), Wellington Management Group LLP (5.44%), FMR LLC (2.86%), Boston Partners (2.42%) and Corvex Management LP (1.61%). 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, 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 FMR LLC, Corvex Management LP, Wellington Management Group LLP, Westwood Holdings Group Inc., Scout Investments Inc., Viking Global Investors LP, Encompass Capital Advisors LLC and Carillon Tower Advisers 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 and Russell Pantermuehl. View Insider Buying and Selling for Diamondback Energy.
Which institutional investors are buying Diamondback Energy stock?
FANG stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Boston Partners, Rothschild & Co. Asset Management US Inc., Morgan Stanley, FIL Ltd, Marshall Wace North America L.P., Geode Capital Management LLC and JVL Advisors L.L.C.. 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 $104.03.
How big of a company is Diamondback Energy?
Diamondback Energy has a market capitalization of $17.13 billion and generates $2.18 billion in revenue each year. The oil and natural gas company earns $944.90 million in net income (profit) each year or $5.87 on an earnings per share basis. Diamondback Energy employs 711 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.
