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.
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
Phone432-221-7400
Debt
Debt-to-Equity Ratio0.36
Current Ratio1.10
Quick Ratio0.52
Price-To-Earnings
Trailing P/E Ratio20.80
Forward P/E Ratio16.83
P/E Growth0.66
Sales & Book Value
Annual Sales$1.21 billion
Price / Sales9.26
Cash Flow$8.3634 per share
Price / Cash13.18
Book Value$63.50 per share
Price / Book1.74
Profitability
EPS (Most Recent Fiscal Year)$5.30
Net Income$516.75 million
Net Margins33.63%
Return on Equity10.75%
Return on Assets7.35%
Miscellaneous
Employees251
Outstanding Shares101,260,000
Market Cap$11.53 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 declared 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 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Friday, November 16th. 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, November, 6th. The oil and natural gas company reported $1.67 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.52 by $0.15. The oil and natural gas company earned $538.03 million during the quarter, compared to the consensus estimate of $518.32 million. Diamondback Energy had a return on equity of 10.75% and a net margin of 33.63%. Diamondback Energy's revenue was up 78.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.33 EPS. View Diamondback Energy's Earnings History.
When is Diamondback Energy's next earnings date?
What price target have analysts set for FANG?
30 equities research analysts have issued twelve-month price objectives for Diamondback Energy's stock. Their predictions range from $118.00 to $211.00. On average, they anticipate Diamondback Energy's share price to reach $157.5357 in the next year. This suggests a possible upside of 42.9% from the stock's current price. View Analyst Price Targets for Diamondback Energy.
What is the consensus analysts' recommendation for Diamondback Energy?
30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diamondback Energy in the last year. There are currently 2 hold ratings, 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, "Diamondback Energy's strategic acreage position in the low-cost high-margin Permian Basin bodes well for the Texas-based explorer and is responsible for its robust production growth. Diamondback has been strategically working to further boost its presence in the shale play. In this regard, it has entered into two deals to buy Ajax Resources and Energen Corporation. The deals will be immediately accretive to Diamondback’s production, earnings and cash flows and bring about various financial and operational synergies. The company has also raised its full year production outlook and expects a 45% increase from the output levels of 2017. Consequently, Diamondback Energy offers substantial upside potential from the current price levels and is a preferred oil exploration and production play to own now." (10/25/2018)
- 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?
News coverage about FANG stock has trended somewhat positive recently, according to InfoTrie. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real-time. 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 news sentiment score of 1.2 on InfoTrie's scale. They also gave media headlines about the oil and natural gas company a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely 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 Ecopetrol (EC), Canadian Natural Resource (CNQ), Anadarko Petroleum (APC), The Hong Kong and China Gas (HOKCY), Concho Resources (CXO), Pioneer Natural Resources (PXD), WOODSIDE Pet Lt/ADR (WOPEY), Sasol (SSL), Continental Resources (CLR), Devon Energy (DVN), Marathon Oil (MRO), Apache (APA), Rwe Ag Sp (RWEOY), GALP ENERGIA SG/ADR (GLPEY) and Noble Energy (NBL).
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 institutional and retail investors. Top institutional shareholders include FMR LLC (10.10%), JPMorgan Chase & Co. (7.58%), BlackRock Inc. (5.06%), Eagle Asset Management Inc. (0.77%), FIL Ltd (0.68%) and Columbus Circle Investors (0.58%). 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 Eagle Asset Management Inc., FMR LLC, Los Angeles Capital Management & Equity Research Inc., Fisher Asset Management LLC, Strs Ohio, Icon Advisers Inc. Co., DekaBank Deutsche Girozentrale and Bank of New York Mellon Corp. Company insiders that have sold Diamondback Energy company stock in the last year 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 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 JPMorgan Chase & Co., Third Point LLC, FIL Ltd, Perella Weinberg Partners Capital Management LP, Waratah Capital Advisors Ltd., Mobius Capital Management LLC, Toronto Dominion Bank and Columbus Circle Investors. 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 $110.23.
How big of a company is Diamondback Energy?
Diamondback Energy has a market capitalization of $11.53 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?
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.
