NASDAQ:FANG - Diamondback 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 $59.48 -3.66 (-5.80 %) (As of 02/27/2020 04:00 PM ET) Add Compare Today's Range$57.63Now: $59.48▼$62.5350-Day Range$63.14MA: $80.16▼$94.1552-Week Range$57.63Now: $59.48▼$114.14Volume4.31 million shsAverage Volume2.35 million shsMarket Capitalization$9.54 billionP/E Ratio42.79Dividend Yield1.19%Beta0.98 ProfileAnalyst RatingsAdvanced ChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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. Read More… 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 Webhttp://www.diamondbackenergy.com/ Phone432-221-7400Debt Debt-to-Equity Ratio0.36 Current Ratio0.69 Quick Ratio0.66Price-To-Earnings Trailing P/E Ratio42.79 Forward P/E Ratio6.88 P/E Growth0.35 Sales & Book Value Annual Sales$3.96 billion Price / Sales2.41 Cash Flow$14.30 per share Price / Cash Flow4.16 Book Value$92.90 per share Price / Book0.64Profitability EPS (Most Recent Fiscal Year)$6.93 Net Income$240 million Net Margins6.05% Return on Equity7.00% Return on Assets4.57%Miscellaneous Employees711 Outstanding Shares160,445,000Market Cap$9.54 billion Next Earnings Date5/5/2020 (Estimated) OptionableOptionable 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. NASDAQ:FANG Rates by TradingView 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 quarterly dividend on Tuesday, February 18th. Stockholders of record on Tuesday, March 3rd will be given a dividend of $0.375 per share on Tuesday, March 10th. This represents a $1.50 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Monday, March 2nd. This is a boost from Diamondback Energy's previous quarterly dividend of $0.19. View Diamondback Energy's Dividend History. How were Diamondback Energy's earnings last quarter? Diamondback Energy Inc (NASDAQ:FANG) announced its earnings results on Tuesday, February, 18th. The oil and natural gas company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.13. The oil and natural gas company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. Diamondback Energy had a return on equity of 7.00% and a net margin of 6.05%. The business's revenue was up 74.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.21 earnings per share. View Diamondback Energy's Earnings History. When is Diamondback Energy's next earnings date? Diamondback Energy is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Diamondback Energy. What price target have analysts set for FANG? 22 brokerages have issued 1-year price objectives for Diamondback Energy's shares. Their forecasts range from $105.00 to $165.00. On average, they anticipate Diamondback Energy's share price to reach $132.32 in the next twelve months. This suggests a possible upside of 122.5% from the stock's current price. View Analyst Price Targets for Diamondback Energy. What is the consensus analysts' recommendation for Diamondback Energy? 22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diamondback Energy in the last year. There are currently 2 hold ratings, 19 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 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? Media coverage about FANG stock has trended extremely negative on Thursday, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring 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 five, with scores nearest to five being the most favorable. Diamondback Energy earned a media sentiment score of -4.2 on InfoTrie's scale. They also gave headlines about the oil and natural gas company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the next several days. View News Stories for Diamondback Energy. Are investors shorting Diamondback Energy? Diamondback Energy saw a drop in short interest in February. As of February 14th, there was short interest totalling 7,180,000 shares, a drop of 6.9% from the January 30th total of 7,710,000 shares. Based on an average daily trading volume, of 2,140,000 shares, the days-to-cover ratio is currently 3.4 days. Currently, 4.5% 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), Apache (APA), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil (MRO), Devon Energy (DVN), Cabot Oil & Gas (COG), WPX Energy (WPX), Cimarex Energy (XEC), Kosmos Energy (KOS), EQT (EQT) and Matador Resources (MTDR). 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), Netflix (NFLX), salesforce.com (CRM), Intel (INTC), Boeing (BA), AbbVie (ABBV), Walt Disney (DIS) and Home Depot (HD). 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 a variety of of retail and institutional investors. Top institutional investors include Capital Research Global Investors (12.20%), State Street Corp (5.24%), Capital World Investors (3.33%), Boston Partners (1.86%), Geode Capital Management LLC (1.65%) and Bank of America Corp DE (1.50%). 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, 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 Capital World Investors, FMR LLC, Goldman Sachs Group Inc., Point72 Asset Management L.P., Teacher Retirement System of Texas, Bridgeworth LLC, CIBC Private Wealth Group LLC and Van ECK Associates 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, Michael P Cross, 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 Capital Research Global Investors, Bank of America Corp DE, Ceredex Value Advisors LLC, State Street Corp, Boston Partners, Anchor Capital Advisors LLC, Thrivent Financial for Lutherans and Victory Capital Management 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 $59.48. How big of a company is Diamondback Energy? Diamondback Energy has a market capitalization of $9.54 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.View Additional Information About Diamondback Energy. What is Diamondback Energy's official website? The official website for Diamondback Energy is http://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] MarketBeat Community Rating for Diamondback Energy (NASDAQ FANG)Community Ranking: 3.4 out of 5 ( )Outperform Votes: 1,083 (Vote Outperform)Underperform Votes: 512 (Vote Underperform)Total Votes: 1,595MarketBeat'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. This page was last updated on 2/27/2020 by MarketBeat.com StaffFeatured Article: What is meant by buying and selling pressure?
