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.
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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 Date11/5/2019 (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, August 6th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.188 per share on Monday, August 26th. This represents a $0.75 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, August 15th. View Diamondback Energy's Dividend History.
How were Diamondback Energy's earnings last quarter?
Diamondback Energy Inc (NASDAQ:FANG) posted its quarterly earnings data on Tuesday, August, 6th. The oil and natural gas company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.74 by $0.04. The oil and natural gas company earned $1.02 billion during the quarter, compared to analyst estimates of $1.04 billion. Diamondback Energy had a return on equity of 6.50% and a net margin of 26.92%. The firm's revenue was up 93.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.59 EPS. View Diamondback Energy's Earnings History.
When is Diamondback Energy's next earnings date?
What price target have analysts set for FANG?
25 brokerages have issued 12 month price objectives for Diamondback Energy's shares. Their forecasts range from $133.00 to $189.00. On average, they expect Diamondback Energy's share price to reach $154.3684 in the next year. This suggests a possible upside of 53.7% from the stock's current price. View Analyst Price Targets for Diamondback Energy.
What is the consensus analysts' recommendation for Diamondback Energy?
25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diamondback Energy in the last year. There are currently 23 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 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)
- 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)
Has Diamondback Energy been receiving favorable news coverage?
Media coverage about FANG stock has been trending negative on Tuesday, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Diamondback Energy earned a daily sentiment score of -2.9 on InfoTrie's scale. They also gave news stories about the oil and natural gas company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for Diamondback Energy.
Who are some of Diamondback Energy's key competitors?
Some companies that are related to Diamondback Energy include ENI (E), EOG Resources (EOG), Ecopetrol (EC), Occidental Petroleum (OXY), The Hong Kong and China Gas (HOKCY), Canadian Natural Resources (CNQ), Pioneer Natural Resources (PXD), WOODSIDE PET LT/ADR (WOPEY), Rwe Ag Sp (RWEOY), Concho Resources (CXO), Sasol (SSL), Cenovus Energy (CVE), TORAY INDUSTRIE/ADR (TRYIY), Continental Resources (CLR) 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 many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.75%), JPMorgan Chase & Co. (7.92%), BlackRock Inc. (6.51%), BlackRock Inc. (6.57%), Corvex Management LP (1.78%) and Boston Partners (1.79%). Company insiders that own Diamondback Energy stock 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 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 Boston Partners, JPMorgan Chase & Co., Van ECK Associates Corp, Carlson Capital L P, Anchor Bolt Capital LP, Columbus Circle Investors, SG Americas Securities LLC and JVL Advisors L.L.C.. Company insiders that have sold Diamondback Energy company stock in the last year include Hof Matthew Kaes Van't, Jennifer Soliman, 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 acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, BlackRock Inc., BlackRock Inc., Balyasny Asset Management LLC, Point72 Asset Management L.P., Bessemer Group Inc., Corvex Management LP and Vanguard Group Inc.. Company insiders that have bought Diamondback Energy stock in the last two years include Michael L Hollis and Travis D Stice. 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, Robinhood, Fidelity and Charles Schwab.
What is Diamondback Energy's stock price today?
One share of FANG stock can currently be purchased for approximately $100.45.
How big of a company is Diamondback Energy?
Diamondback Energy has a market capitalization of $16.38 billion and generates $2.18 billion in revenue each year. The oil and natural gas company earns $845.67 million in net income (profit) each year or $5.87 on an earnings per share basis. Diamondback Energy employs 711 workers across the globe.View Additional Information About Diamondback Energy.
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.
