S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
NASDAQ:FANG

Diamondback Energy (FANG) Stock Forecast, Price & News

$130.28
+0.46 (+0.35%)
(As of 05/20/2022 04:00 PM ET)
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Today's Range
$127.20
$133.93
50-Day Range
$124.56
$146.51
52-Week Range
$65.93
$147.99
Volume
3.06 million shs
Average Volume
2.77 million shs
Market Capitalization
$23.12 billion
P/E Ratio
8.59
Dividend Yield
2.15%
Beta
2.2
30 days | 90 days | 365 days | Advanced Chart
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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 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, 2021, the company's total acreage position was approximately 524,700 gross acres in the Permian Basin; and estimated proved oil and natural gas reserves were 1,788,991 thousand barrels of crude oil equivalent. It also held working interests in 5,289 gross producing wells, as well as royalty interests in 6,455 additional wells. In addition, the company owns mineral interests approximately 930,871 gross acres and 27,027 net royalty acres in the Permian Basin and Eagle Ford Shale; and owns, operates, develops, and acquires midstream infrastructure assets, including 866 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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Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
Current Symbol
NASDAQ:FANG
CUSIP
25278X10
Fax
N/A
Employees
870
Year Founded
2007

Sales & Book Value

Annual Sales
$6.80 billion
Cash Flow
$18.20 per share
Book Value
$78.04 per share

Profitability

Net Income
$2.18 billion
Pretax Margin
45.42%

Debt

Price-To-Earnings

Miscellaneous

Free Float
176,659,000
Market Cap
$23.12 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 3/11 Dividend
3/03/2022
Dividend Payable
3/11/2022
Last Earnings
5/02/2022
Ex-Dividend for 5/23 Dividend
5/11/2022
Today
5/22/2022
Dividend Payable
5/23/2022
Next Earnings (Estimated)
8/01/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

3.38 out of 5 stars

Oils/Energy Sector

1st out of 373 stocks

Crude Petroleum & Natural Gas Industry

1st out of 121 stocks

Analyst Opinion: 4.4Community Rank: 5.0Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -













Diamondback Energy (NASDAQ:FANG) Frequently Asked Questions

Is Diamondback Energy a buy right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diamondback Energy in the last year. There are currently 4 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Diamondback Energy stock.
View analyst ratings for Diamondback Energy
or view top-rated stocks.

When is Diamondback Energy's next earnings date?

Diamondback Energy is scheduled to release its next quarterly earnings announcement on Monday, August 1st 2022.
View our earnings forecast for Diamondback Energy
.

How were Diamondback Energy's earnings last quarter?

Diamondback Energy, Inc. (NASDAQ:FANG) announced its quarterly earnings results on Monday, May, 2nd. The oil and natural gas company reported $5.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.76 by $0.44. Diamondback Energy had a net margin of 34.17% and a trailing twelve-month return on equity of 19.91%. During the same period last year, the firm posted $2.30 earnings per share.
View Diamondback Energy's earnings history
.

How often does Diamondback Energy pay dividends? What is the dividend yield for Diamondback Energy?

Diamondback Energy announced a quarterly dividend on Monday, May 2nd. Stockholders of record on Thursday, May 12th will be paid a dividend of $0.70 per share on Monday, May 23rd. This represents a $2.80 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Wednesday, May 11th. This is a positive change from Diamondback Energy's previous quarterly dividend of $0.60.
View Diamondback Energy's dividend history
.

Is Diamondback Energy a good dividend stock?

Diamondback Energy pays an annual dividend of $2.80 per share and currently has a dividend yield of 2.15%. Diamondback Energy has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Diamondback Energy is 18.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Diamondback Energy will have a dividend payout ratio of 11.90% 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?

16 equities research analysts have issued 12-month price targets for Diamondback Energy's shares. Their forecasts range from $114.00 to $200.00. On average, they anticipate Diamondback Energy's stock price to reach $163.28 in the next year. This suggests a possible upside of 25.3% 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 & Chairman (Age 60, Pay $3.24M)
  • Mr. Matthew Kaes Van't Hof, Pres & CFO (Age 35, Pay $2.28M)
  • Mr. Daniel N. Wesson, Exec. VP & COO (Age 38, Pay $1.17M)
  • Ms. Teresa L. Dick, Chief Accounting Officer, Exec. VP & Assistant Sec. (Age 52, Pay $966.59k) (LinkedIn Profile)
  • Mr. Russell D. Pantermuehl, Advisor (Age 62, Pay $1.33M)
  • Mr. Adam T. Lawlis, VP of Investor Relations
  • Mr. P. Matt Zmigrosky, Exec. VP, Gen. Counsel & Sec. (Age 43)
  • Mr. Jere W. Thompson III, VP of Strategy & Corp. Devel.
  • Mr. Johnny D. Dossey, VP of Marketing
  • Ms. Jennifer Soliman, Exec. VP & Chief HR Officer (Age 52)
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.

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), Walt Disney (DIS), Advanced Micro Devices (AMD), 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 a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.50%), State Street Corp (6.35%), Blackstone Inc. (4.47%), Boston Partners (2.23%), Invesco Ltd. (1.66%) and Capital World Investors (1.26%). Company insiders that own Diamondback Energy stock include Daniel N Wesson, Hof Matthew Kaes Van't, Michael P Cross, Russell Pantermuehl, Steven E West, Teresa L Dick, Thomas F Hawkins 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 Blackstone Inc., JB Investments Management LLC, Capital Research Global Investors, Wellington Management Group LLP, Boston Partners, Invesco Ltd., Vanguard Group Inc., and Allianz Asset Management GmbH. Company insiders that have sold Diamondback Energy company stock in the last year include Daniel N Wesson, Hof Matthew Kaes Van't, Michael P Cross, Russell Pantermuehl, Steven E West, Teresa L Dick, Thomas F Hawkins, and Travis D Stice.
View insider buying and selling activity for Diamondback Energy
or view top insider-selling stocks.

Which institutional investors are buying Diamondback Energy stock?

FANG stock was acquired by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Anchor Capital Advisors LLC, First Trust Advisors LP, Aaron Wealth Advisors LLC, HITE Hedge Asset Management LLC, Panagora Asset Management Inc., Charles Schwab Investment Management Inc., and Pacer Advisors Inc..
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 $130.28.

How much money does Diamondback Energy make?

Diamondback Energy has a market capitalization of $23.12 billion and generates $6.80 billion in revenue each year. The oil and natural gas company earns $2.18 billion in net income (profit) each year or $15.169990 on an earnings per share basis.

How many employees does Diamondback Energy have?

Diamondback Energy employs 870 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.

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 5/23/2022 by MarketBeat.com Staff

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