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NASDAQ:FANG - Diamondback Energy Stock Price, Forecast & News

$67.16
-3.92 (-5.51 %)
(As of 02/26/2020 06:00 AM ET)
Today's Range
$66.39
Now: $67.16
$71.65
50-Day Range
$71.08
MA: $81.38
$96.42
52-Week Range
$66.39
Now: $67.16
$114.14
Volume3.40 million shs
Average Volume2.27 million shs
Market Capitalization$10.78 billion
P/E Ratio48.32
Dividend Yield1.06%
Beta0.98
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

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.96 billion
Cash Flow$14.20 per share
Book Value$92.90 per share

Profitability

Net Income$240 million

Miscellaneous

Employees711
Market Cap$10.78 billion
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable

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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, February 18th. Shareholders 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 yield of 2.23%. 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) issued its quarterly earnings results on Tuesday, February, 18th. The oil and natural gas company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.80 by $0.13. The oil and natural gas company earned $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Diamondback Energy had a net margin of 6.05% and a return on equity of 7.00%. The company's quarterly revenue was up 74.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.21 EPS. 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 equities research analysts have issued 12-month price targets for Diamondback Energy's shares. Their forecasts range from $105.00 to $165.00. On average, they expect Diamondback Energy's stock price to reach $132.32 in the next year. This suggests a possible upside of 97.0% 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 stories about FANG stock have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. 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 publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Diamondback Energy earned a coverage optimism score of 1.6 on InfoTrie's scale. They also gave news coverage about the oil and natural gas company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely 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 the month of January. As of January 15th, there was short interest totalling 7,660,000 shares, a drop of 9.7% from the December 31st total of 8,480,000 shares. Based on an average daily volume of 2,110,000 shares, the short-interest ratio is currently 3.6 days. Currently, 4.8% of the company's shares are sold short. View Diamondback Energy's Current Options Chain.

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), Micron Technology (MU), NVIDIA (NVDA), salesforce.com (CRM), Netflix (NFLX), 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 many different of institutional and retail investors. Top institutional shareholders 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 purchased 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 $67.16.

How big of a company is Diamondback Energy?

Diamondback Energy has a market capitalization of $10.78 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 (star star star)
Outperform Votes:  1,081 (Vote Outperform)
Underperform Votes:  510 (Vote Underperform)
Total Votes:  1,591
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.
This page was last updated on 2/26/2020 by MarketBeat.com Staff

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