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NASDAQ:FANGDiamondback Energy Stock Price, Forecast & News

$43.21
-1.09 (-2.46 %)
(As of 05/28/2020 11:40 AM ET)
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Compare
Today's Range
$43.11
Now: $43.21
$44.60
50-Day Range
$28.03
MA: $37.88
$44.90
52-Week Range
$14.55
Now: $43.21
$111.84
Volume494,518 shs
Average Volume2.96 million shs
Market Capitalization$6.82 billion
P/E RatioN/A
Dividend Yield3.34%
Beta2.24
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: 2.5Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.24 out of 5 stars


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$15.54 per share
Book Value$90.71 per share

Profitability

Net Income$240 million

Miscellaneous

Employees711
Market Cap$6.82 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Diamondback Energy (NASDAQ:FANG) Frequently Asked Questions

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

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. Since then, FANG shares have increased by 66.7% and is now trading at $43.67. View which stocks have been most impacted by Coronavirus.

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

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diamondback Energy in the last year. There are currently 5 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 Tuesday, August 4th 2020. View our earnings forecast for Diamondback Energy.

How were Diamondback Energy's earnings last quarter?

Diamondback Energy Inc (NASDAQ:FANG) released its quarterly earnings results on Monday, May, 4th. The oil and natural gas company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.16. The oil and natural gas company earned $899 million during the quarter, compared to analysts' expectations of $968.57 million. Diamondback Energy had a negative net margin of 1.05% and a positive return on equity of 7.03%. The business's revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.39 earnings per share. View Diamondback Energy's earnings history.

How often does Diamondback Energy pay dividends? What is the dividend yield for Diamondback Energy?

Diamondback Energy announced a quarterly dividend on Monday, May 4th. Investors of record on Thursday, May 14th will be paid a dividend of $0.375 per share on Thursday, May 21st. This represents a $1.50 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Wednesday, May 13th. View Diamondback Energy's dividend history.

What price target have analysts set for FANG?

26 Wall Street analysts have issued 1-year price objectives for Diamondback Energy's shares. Their forecasts range from $34.00 to $165.00. On average, they anticipate Diamondback Energy's share price to reach $68.46 in the next year. This suggests a possible upside of 56.8% from the stock's current price. View analysts' price targets 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?

Headlines about FANG stock have been trending somewhat negative this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Diamondback Energy earned a media sentiment score of -1.7 on InfoTrie's scale. They also assigned news headlines 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 stock's share price in the immediate future. View the latest news aboutDiamondback Energy.

Are investors shorting Diamondback Energy?

Diamondback Energy saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 9,600,000 shares, an increase of 15.4% from the April 15th total of 8,320,000 shares. Based on an average daily volume of 4,860,000 shares, the short-interest ratio is currently 2.0 days. Currently, 6.1% of the company's shares are short sold. 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), NVIDIA (NVDA), Micron Technology (MU), Walt Disney (DIS), Chevron (CVX), Boeing (BA), salesforce.com (CRM), Intel (INTC), 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 number of institutional and retail investors. Top institutional shareholders include Capital Research Global Investors (12.40%), JPMorgan Chase & Co. (9.88%), BlackRock Inc. (6.86%), State Street Corp (5.86%), Wellington Management Group LLP (5.81%) and Geode Capital Management LLC (1.71%). 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 major investors are selling Diamondback Energy stock?

FANG stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Nuveen Asset Management LLC, Victory Capital Management Inc., Victory Capital Management Inc., Franklin Resources Inc., Deutsche Bank AG, Invesco Ltd., and Strs Ohio. Company insiders that have sold Diamondback Energy company stock in the last year include Hof Matthew Kaes Van't, Michael L Hollis, Michael P Cross, Randall J Holder, and Russell Pantermuehl. View insider buying and selling activity for Diamondback Energy.

Which major investors are buying Diamondback Energy stock?

FANG stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Principal Financial Group Inc., Parametric Portfolio Associates LLC, Balyasny Asset Management LLC, Wellington Management Group LLP, First Manhattan Co., Voloridge Investment Management LLC, and Federated Hermes Inc.. 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 $43.67.

How big of a company is Diamondback Energy?

Diamondback Energy has a market capitalization of $6.89 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 5/28/2020 by MarketBeat.com Staff

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