Diamondback Energy, Inc. (FANG)
| Market Cap | 52.98B |
| Revenue (ttm) | 9.16B |
| Net Income (ttm) | 3.20B |
| Shares Out | 291.99M |
| EPS (ttm) | 17.29 |
| PE Ratio | 10.49 |
| Forward PE | 12.18 |
| Dividend | $3.24 (1.79%) |
| Ex-Dividend Date | Nov 14, 2024 |
| Volume | 1,405,509 |
| Open | 180.04 |
| Previous Close | 180.12 |
| Day's Range | 180.00 - 182.45 |
| 52-Week Range | 145.70 - 214.50 |
| Beta | 1.87 |
| Analysts | Buy |
| Price Target | 217.00 (+19.59%) |
| Earnings Date | Nov 4, 2024 |
About FANG
Diamondback Energy, Inc., an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. It 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. The company also owns and operates midstream infrastructure assets, in the Midland and Delaware Basins of the Permian Basi... [Read more]
Financial Performance
In 2023, Diamondback Energy's revenue was $7.96 billion, a decrease of -12.37% compared to the previous year's $9.08 billion. Earnings were $3.12 billion, a decrease of -28.15%.
Financial StatementsAnalyst Forecast
According to 21 analysts, the average rating for FANG stock is "Buy." The 12-month stock price forecast is $217.0, which is an increase of 19.59% from the latest price.
News
Diamondback Energy: Take Advantage Of The Divergence
Diamondback Energy's share price has declined due to a divergence in market conditions, despite the overall market strength and its robust market capitalization. The company remains committed to capit...
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Why Diamondback Energy Is My Top Pick For U.S. Oil
Diamondback Energy's merger with Endeavor Energy enhances its resource base and operational efficiency, solidifying its position in the Permian Basin. FANG's disciplined debt reduction plan and strong...
Diamondback Energy, Inc. (FANG) Q3 2024 Earnings Call Transcript
Diamondback Energy, Inc. (NASDAQ:FANG) Q3 2024 Earnings Conference Call November 5, 2024 9:00 AM ET Company Participants Adam Lawlis - VP, IR Travis Stice - Chairman and CEO Kaes Van't Hof - Presiden...
4-Factor Dividend Growth Portfolio: FY3 Rebalance And 21.57% Long-Term CAGR
The 4-factor dividend growth portfolio is a strategy that leverages the stock selection process of Schwab U.S. Dividend Equity ETF with a few minor twists. The portfolio finished FY2 on October 31, 20...
Letter to Stockholders Issued By Diamondback Energy, Inc.
MIDLAND, Texas, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Diamondback Stockholders, This letter is meant to be a supplement to our earnings release and is being furnished to the Securities and Exchange Commis...
Diamondback Energy, Inc. Announces Third Quarter 2024 Financial and Operating Results
MIDLAND, Texas, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the third quarter ended S...
Oil Stocks Fall, Travel Shares Rise as Crude Futures Plunge
Shares of companies impacted by the price of oil were among the biggest movers in the S&P 500 Monday as crude futures sank after a weekend retaliatory strike against Iran by Israel didn't hit Iran's o...
Top Wall Street analysts are upbeat on these dividend stocks
TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Cisco and Diamondback Energy
Wakeup Call - It's Time To Buy High-Yield Dividends
The market is experiencing robust earnings growth, low inflation, and solid GDP figures, leading many to feel bullish despite underlying economic challenges. While valuations are high, investors are b...
Double-Digit Yield Potential - 3 Of The Smartest Energy Plays Money Can Buy
American energy investors face persistent challenges, with recent price drops influenced by economic fears and geopolitical factors, particularly in the Permian Basin. The Permian has driven significa...
Diamondback Energy: Permian's Last Man Standing
As the largest remaining Permian pure-play, we view Diamondback's asset base as highly attractive with per barrel costs at the low end of US E&Ps and a leading reserve life. The acquisition of Endeavo...
Diamondback Energy flags lower oil and gas prices for third quarter
Diamondback Energy on Thursday signaled lower prices for its third-quarter oil and gas production, making it the third U.S. shale producer to do so in just a week.
Final Trades: Diamondback Energy, Owens Corning, Synovus and the XLF
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The Investment Case for Diamondback Energy Inc (FANG): How Financial Growth and Innovation
Diamondback Energy Inc (FANG, Financial) has recently captured the attention of investors and financial analysts alike, thanks to its strong financial performance and promising growth prospects. With ...
Diamondback Energy Is 'Making All The Right Moves,' Says Bullish Analyst
Diamondback Energy Inc FANG shares were climbing in early trading on Friday, during a rise in energy stocks with growing Middle East tensions.
Why Investors Are Eyeing Diamondback Energy Inc (FANG): The Key Drivers of Market
Diamondback Energy Inc (FANG, Financial) has recently captured the attention of investors and financial analysts alike, thanks to its strong financial performance and promising growth prospects. With ...
Middle East Tensions Boost Diamondback's Bottom Line: Acquisition and Proven Performance
October 4, 2024 - Diamondback Energy (FANG, Financial), a leading company that primarily focuses on finding and producing oil and natural gas in the Permian Basin, West Texas, that is known for its ri...
This Morgan Stanley Analyst Turns Bullish; Here Are Top 5 Upgrades For Friday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Diamondback Energy, Inc. Announces Revised Third Quarter Production and Capital Guidance
MIDLAND, Texas, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced revised Q3 2024 production and capital guidance. This guidanc...
Diamondback Energy, Inc. Schedules Third Quarter 2024 Conference Call for November 5, 2024
MIDLAND, Texas, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release third quarter 2024 financial results on November 4,...
Diamondback Energy Remains A Strong FANG With Endeavor
Diamondback Energy's strong execution and Endeavor acquisition enhance its value, offering a unique investment opportunity with a 9% FCF yield and >5% dividend. The company's robust balance sheet, wit...
Diamondback and Kinetik buy 30% stake in EPIC Crude pipeline
Oil and gas firms Diamondback Energy and Kinetik Holdings on Tuesday said they acquired a 30% equity interest in the EPIC Crude pipeline system.