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
SymbolNASDAQ:FANG
CUSIP25278X10
Phone432-221-7400
Debt
Debt-to-Equity Ratio0.30
Current Ratio0.53
Quick Ratio0.52
Price-To-Earnings
Trailing P/E Ratio24.39
Forward P/E Ratio19.03
P/E Growth0.73
Sales & Book Value
Annual Sales$1.21 billion
Price / Sales10.57
Cash Flow$8.50 per share
Price / Cash15.20
Book Value$56.86 per share
Price / Book2.27
Profitability
EPS (Most Recent Fiscal Year)$5.30
Net Income$516.75 million
Net Margins35.09%
Return on Equity10.53%
Return on Assets7.77%
Miscellaneous
Employees251
Outstanding Shares98,610,000
Market Cap$12,951.57
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 announced a special dividend on Wednesday, May 9th. Investors of record on Monday, May 21st will be paid a dividend of $0.125 per share on Tuesday, May 29th. The ex-dividend date is Friday, May 18th. View Diamondback Energy's Dividend History.
How were Diamondback Energy's earnings last quarter?
Diamondback Energy Inc (NASDAQ:FANG) issued its earnings results on Tuesday, May, 8th. The oil and natural gas company reported $1.64 earnings per share for the quarter, beating analysts' consensus estimates of $1.59 by $0.05. The oil and natural gas company had revenue of $480.20 million for the quarter, compared to analyst estimates of $445.78 million. Diamondback Energy had a return on equity of 10.53% and a net margin of 35.09%. The business's revenue for the quarter was up 104.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.04 EPS. View Diamondback Energy's Earnings History.
When is Diamondback Energy's next earnings date?
What price target have analysts set for FANG?
27 brokerages have issued 12-month price targets for Diamondback Energy's shares. Their predictions range from $115.00 to $183.00. On average, they expect Diamondback Energy's stock price to reach $145.8077 in the next twelve months. This suggests a possible upside of 11.9% from the stock's current price. View Analyst Ratings 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 2 hold ratings and 25 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
What are Wall Street analysts saying about Diamondback Energy stock?
Here are some recent quotes from research analysts about Diamondback Energy stock:
- 1. Williams Capital analysts commented, "We believe this is a s olid well that provides upside to our RNAV." (5/9/2018)
- 2. According to Zacks Investment Research, "Diamondback Energy, Inc. is an oil and natural gas company focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. The Company's activities are primarily focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn and Atoka formations. Diamondback Energy, Inc. is headquartered in Midland, Texas. " (1/18/2018)
Who are some of Diamondback Energy's key competitors?
Some companies that are related to Diamondback Energy include Canadian Natural Resource (CNQ), Ecopetrol (EC), Anadarko Petroleum (APC), Pioneer Natural Resources (PXD), The Hong Kong and China Gas (HOKCY), Sasol (SSL), WOODSIDE Pet Lt/ADR (WOPEY), Continental Resources (CLR), Devon Energy (DVN), Concho Resources (CXO), Marathon Oil (MRO), Apache (APA), Noble Energy (NBL), Rwe Ag Sp (RWEOY) and GALP ENERGIA SG/ADR (GLPEY).
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)
Has Diamondback Energy been receiving favorable news coverage?
News coverage about FANG stock has trended positive on Monday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Diamondback Energy earned a news impact score of 0.43 on Accern's scale. They also assigned press coverage about the oil and natural gas company an impact score of 47.48 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
Who are Diamondback Energy's major shareholders?
Diamondback Energy's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Peregrine Capital Management LLC (0.18%), Fisher Asset Management LLC (0.12%), Vigilant Capital Management LLC (0.10%), CENTRAL TRUST Co (0.05%), First National Bank of Omaha (0.04%) and Fjarde AP Fonden Fourth Swedish National Pension Fund (0.04%). Company insiders that own Diamondback Energy stock include Elizabeth Moses, 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 Denali Advisors LLC, Fjarde AP Fonden Fourth Swedish National Pension Fund, CENTRAL TRUST Co and State of Alaska Department of Revenue. 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 bought by a variety of institutional investors in the last quarter, including Vigilant Capital Management LLC, Fisher Asset Management LLC, Peregrine Capital Management LLC, Bright Rock Capital Management LLC, DnB Asset Management AS, Columbia Partners L L C Investment Management, Capital One National Association and NN Investment Partners Holdings N.V.. 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 $130.26.
How big of a company is Diamondback Energy?
Diamondback Energy has a market capitalization of $12.95 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.
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.
