NASDAQ:FANGDiamondback Energy Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Diamondback Energy Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $42.94 +0.05 (+0.12 %) (As of 05/25/2020 04:00 PM ET) Add Compare Share Today's Range$41.38Now: $42.94▼$43.0050-Day Range$28.03MA: $37.39▼$44.1952-Week Range$14.55Now: $42.94▼$111.84Volume1.77 million shsAverage Volume3.21 million shsMarket Capitalization$6.78 billionP/E RatioN/ADividend Yield3.49%Beta2.24 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 4.4 Analyst's Opinion Consensus RatingDiamondback Energy has received a consensus rating of Buy. The company's average rating score is 2.81, and is based on 21 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $68.46, Diamondback Energy has a potential upside of 59.4% from its current price of $42.94.Amount of Analyst CoverageDiamondback Energy has been the subject of 20 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.4 Community Rank Outperform VotesDiamondback Energy has received 1,125 “outperform” votes. (Add your “outperform” vote.)Underperform VotesDiamondback Energy has received 537 “underperform” votes. (Add your “underperform” vote.)Community SentimentDiamondback Energy has received 67.69% “outperform” votes from our community.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. Previous Next 2.5 Dividend Strength Dividend LeadershipDiamondback Energy is a leading dividend payer. It pays a dividend yield of 3.49%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthDiamondback Energy has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Diamondback Energy is 21.65 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on EPS estimates, Diamondback Energy will have a dividend payout ratio of 94.34 % in the coming year. This indicates that Diamondback Energy may not be able to sustain their current dividend. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Diamondback Energy insiders have bought more of their company's stock than they have sold. Specifically, they have bought $568,789.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.52% of the stock of Diamondback Energy is held by insiders.Percentage Held by Institutions96.24% of the stock of Diamondback Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Diamondback Energy are expected to decrease by -29.96% in the coming year, from $2.27 to $1.59 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Diamondback Energy is -110.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Diamondback Energy is -110.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioDiamondback Energy has a PEG Ratio of 0.86. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioDiamondback Energy has a P/B Ratio of 0.46. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.4Community Rank: 3.4Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™3.24 out of 5 stars 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 CIK1539838 Webwww.diamondbackenergy.com Phone432-221-7400Debt Debt-to-Equity Ratio0.40 Current Ratio0.95 Quick Ratio0.93Price-To-Earnings Trailing P/E RatioN/A Forward P/E Ratio18.92 P/E Growth0.86 Sales & Book Value Annual Sales$3.96 billion Price / Sales1.71 Cash Flow$16.14 per share Price / Cash Flow2.66 Book Value$92.90 per share Price / Book0.46Profitability EPS (Most Recent Fiscal Year)$6.93 Net Income$240 million Net Margins-1.05% Return on Equity7.03% Return on Assets4.52%Miscellaneous Employees711 Outstanding Shares157,820,000Market Cap$6.78 billion Next Earnings Date8/4/2020 (Estimated) OptionableOptionable NASDAQ:FANG Rates by TradingView Receive FANG News and Ratings via Email Sign-up to receive the latest news and ratings for FANG and its competitors with MarketBeat's FREE daily newsletter. Diamondback Energy (NASDAQ:FANG) Frequently Asked Questions 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 reached pandemic status according to the World Health Organization. Since then, FANG shares have increased by 63.9% and is now trading at $42.94. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Diamondback Energy? 26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diamondback Energy in the last year. There are currently 5 hold ratings and 21 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Diamondback Energy. When is Diamondback Energy's next earnings date? Diamondback Energy is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Diamondback Energy. How were Diamondback Energy's earnings last quarter? Diamondback Energy Inc (NASDAQ:FANG) announced its earnings results on Monday, May, 4th. The oil and natural gas company reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.29 by $0.16. The oil and natural gas company had revenue of $899 million for the quarter, compared to analyst estimates of $968.57 million. Diamondback Energy had a positive return on equity of 7.03% and a negative net margin of 1.05%. The firm's revenue was up 4.1% on a year-over-year basis. During the same period last year, the company posted $1.39 EPS. View Diamondback Energy's earnings history. How often does Diamondback Energy pay dividends? What is the dividend yield for Diamondback Energy? Diamondback Energy declared a quarterly dividend on Monday, May 4th. Stockholders of record on Thursday, May 14th will be paid a dividend of $0.375 per share on Thursday, May 21st. This represents a $1.50 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Wednesday, May 13th. View Diamondback Energy's dividend history. What price target have analysts set for FANG? 26 Wall Street analysts have issued 1 year target prices for Diamondback Energy's shares. Their forecasts range from $34.00 to $165.00. On average, they expect Diamondback Energy's stock price to reach $68.46 in the next year. This suggests a possible upside of 59.4% from the stock's current price. View analysts' price targets 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 Energy focuses on growth through a combination of acquisitions & active drilling in the lucrative Permian Basin. Diamondback's twin acquisitions of Energen Corporation and Ajax Resources, totaling more than $10 billion are expected to further strengthen its Permian position & growth prospects along with offering the firm with synergy benefits. The company also unveiled a $2 billion buyback scheme through year-end 2020 that shows its ability to generate decent levels of free cash flows. However, apart from the widespread flaring and pipeline constraints, natural gas prices have been extremely weak in the Permian, thereby denting Diamondback earnings. It has lost 16.6% over the six months, underperforming its industry, which has decreased 10.8% over the same period. Hence, it warrants a cautious stance at the moment." (1/27/2020) 2. Northland Securities analysts commented, "We think FANG had a solid print. 2Q19 exceeded our expectations (but lagged consensus), while it narrowed guidance generally around the midpoints, began to show progress on its share buyback and guided to 2H19 oil realizations that are significantly improved from recent quarters." (8/7/2019) Has Diamondback Energy been receiving favorable news coverage? News coverage about FANG stock has trended somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative news coverage by analyzing 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 positive five, with scores closest to five being the most favorable. Diamondback Energy earned a media sentiment score of 1.4 on InfoTrie's scale. They also assigned media stories about the oil and natural gas company a news buzz of 3.0 out of 10, indicating that recent news coverage is unlikely to have an impact on the company's share price in the near future. View the latest news aboutDiamondback Energy. Are investors shorting Diamondback Energy? Diamondback Energy saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 9,600,000 shares, an increase of 15.4% from the April 15th total of 8,320,000 shares. Based on an average daily trading volume, of 4,860,000 shares, the short-interest ratio is currently 2.0 days. Currently, 6.1% of the shares of the company are short sold. View Diamondback Energy's Current Options Chain. Who are some of Diamondback Energy's key competitors? Some companies that are related to Diamondback Energy include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Concho Resources (CXO), Cabot Oil & Gas (COG), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil (MRO), Devon Energy (DVN), Apache (APA), EQT (EQT), WPX Energy (WPX), Cimarex Energy (XEC), Southwestern Energy (SWN) and Range Resources (RRC). View all 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), Walt Disney (DIS), Chevron (CVX), Boeing (BA), salesforce.com (CRM), Intel (INTC), Johnson & Johnson (JNJ) and Netflix (NFLX). Who are Diamondback Energy's key executives? Diamondback Energy's management team includes the following 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) 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 investors include Capital Research Global Investors (12.40%), JPMorgan Chase & Co. (9.88%), BlackRock Inc. (6.86%), State Street Corp (5.86%), Wellington Management Group LLP (5.81%) and Geode Capital Management LLC (1.71%). Company insiders that own Diamondback Energy stock include Hof Matthew Kaes Van't, Jennifer Soliman, Michael L Hollis, Michael P Cross, Randall J Holder, Russell Pantermuehl 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 World Investors, Nuveen Asset Management LLC, Victory Capital Management Inc., Victory Capital Management Inc., Franklin Resources Inc., Deutsche Bank AG, Invesco Ltd., and Strs Ohio. Company insiders that have sold Diamondback Energy company stock in the last year include Hof Matthew Kaes Van't, Michael L Hollis, Michael P Cross, Randall J Holder, and Russell Pantermuehl. View insider buying and selling activity for Diamondback Energy. Which major investors are buying Diamondback Energy stock? FANG stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, Principal Financial Group Inc., Parametric Portfolio Associates LLC, Balyasny Asset Management LLC, Wellington Management Group LLP, First Manhattan Co., Voloridge Investment Management LLC, and Federated Hermes Inc.. Company insiders that have bought Diamondback Energy stock in the last two years include Hof Matthew Kaes Van't, Michael L Hollis, and Travis D Stice. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab. What is Diamondback Energy's stock price today? One share of FANG stock can currently be purchased for approximately $42.94. How big of a company is Diamondback Energy? Diamondback Energy has a market capitalization of $6.78 billion and generates $3.96 billion in revenue each year. The oil and natural gas company earns $240 million in net income (profit) each year or $6.93 on an earnings per share basis. Diamondback Energy employs 711 workers across the globe. 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 5/26/2020 by MarketBeat.com Staff
