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NASDAQ:FANG

Diamondback Energy Stock Forecast, Price & News

$25.54
+0.94 (+3.82 %)
(As of 10/29/2020 12:00 AM ET)
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Compare
Today's Range
$23.63
Now: $25.54
$25.63
50-Day Range
$26.57
MA: $30.34
$33.79
52-Week Range
$14.55
Now: $25.54
$96.92
Volume4.66 million shs
Average Volume3.39 million shs
Market Capitalization$4.03 billion
P/E RatioN/A
Dividend Yield6.10%
Beta2.25
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.
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Diamondback Energy logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.4Community Rank: 3.4Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.05 out of 5 stars

Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
Current SymbolNASDAQ:FANG
CUSIP25278X10
Phone432-221-7400
Employees711

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.96 billion
Cash Flow$14.68 per share
Book Value$92.90 per share

Profitability

Net Income$240 million

Miscellaneous

Market Cap$4.03 billion
Next Earnings Date11/2/2020 (Confirmed)
OptionableOptionable
$25.54
+0.94 (+3.82 %)
(As of 10/29/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Diamondback Energy (NASDAQ:FANG) Frequently Asked Questions

How has Diamondback Energy's stock been impacted by COVID-19?

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 (WHO). Since then, FANG shares have decreased by 2.5% and is now trading at $25.54.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Diamondback Energy?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diamondback Energy in the last year. There are currently 6 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 Monday, November 2nd 2020.
View our earnings forecast for Diamondback Energy
.

How can I listen to Diamondback Energy's earnings call?

Diamondback Energy will be holding an earnings conference call on Monday, November 2nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Diamondback Energy's earnings last quarter?

Diamondback Energy Inc (NASDAQ:FANG) released its quarterly earnings data on Monday, August, 3rd. The oil and natural gas company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.03 by $0.12. The oil and natural gas company had revenue of $425 million for the quarter, compared to analysts' expectations of $586.01 million. Diamondback Energy had a positive return on equity of 5.66% and a negative net margin of 81.81%. The company's revenue for the quarter was down 58.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.70 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, August 3rd. Stockholders of record on Thursday, August 13th will be given a dividend of $0.375 per share on Thursday, August 20th. This represents a $1.50 annualized dividend and a dividend yield of 5.87%. The ex-dividend date is Wednesday, August 12th.
View Diamondback Energy's dividend history
.

What price target have analysts set for FANG?

27 brokerages have issued 1-year price targets for Diamondback Energy's shares. Their forecasts range from $41.00 to $138.00. On average, they expect Diamondback Energy's stock price to reach $58.91 in the next twelve months. This suggests a possible upside of 130.6% from the stock's current price.
View analysts' price targets for Diamondback Energy
.

Are investors shorting Diamondback Energy?

Diamondback Energy saw a increase in short interest in October. As of October 15th, there was short interest totaling 10,860,000 shares, an increase of 20.9% from the September 30th total of 8,980,000 shares. Based on an average trading volume of 2,570,000 shares, the days-to-cover ratio is currently 4.2 days. Currently, 6.9% of the company's stock are short sold.
View Diamondback Energy's Short Interest
.

Who are some of Diamondback Energy's key 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), Intel (INTC), Tesla (TSLA), The Walt Disney (DIS), Advanced Micro Devices (AMD), The Boeing (BA), 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 variety of institutional and retail investors. Top institutional investors include DNB Asset Management AS (0.31%), Retirement Systems of Alabama (0.09%), Assenagon Asset Management S.A. (0.07%), State of New Jersey Common Pension Fund D (0.06%), Viking Fund Management LLC (0.05%) and Adams Natural Resources Fund Inc. (0.05%). 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 institutional investors are selling Diamondback Energy stock?

FANG stock was sold by a variety of institutional investors in the last quarter, including Keybank National Association OH, Cambridge Investment Research Advisors Inc., State of New Jersey Common Pension Fund D, Stoneridge Investment Partners LLC, Standard Life Aberdeen plc, Clear Harbor Asset Management LLC, Sumitomo Mitsui DS Asset Management Company Ltd, and CENTRAL TRUST Co.
View insider buying and selling activity 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 Assenagon Asset Management S.A., Viking Fund Management LLC, Exane Derivatives, Exane Derivatives, Retirement Systems of Alabama, KBC Group NV, NuWave Investment Management LLC, and DekaBank Deutsche Girozentrale. 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 $25.54.

How big of a company is Diamondback Energy?

Diamondback Energy has a market capitalization of $4.03 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 10/29/2020 by MarketBeat.com Staff

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