Diamondback Energy, Inc. (FANG)
| Market Cap | 36.54B |
| Revenue (ttm) | 8.71B |
| Net Income (ttm) | 3.20B |
| Shares Out | 178.34M |
| EPS (ttm) | 17.73 |
| PE Ratio | 11.56 |
| Forward PE | 10.25 |
| Dividend | $9.26 (4.52%) |
| Ex-Dividend Date | May 14, 2024 |
| Volume | 1,761,857 |
| Open | 205.49 |
| Previous Close | 203.71 |
| Day's Range | 203.80 - 208.62 |
| 52-Week Range | 125.73 - 211.96 |
| Beta | 1.89 |
| Analysts | Buy |
| Price Target | 210.43 (+2.7%) |
| Earnings Date | Aug 5, 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, FANG's revenue was $8.41 billion, a decrease of -12.77% compared to the previous year's $9.64 billion. Earnings were $3.14 billion, a decrease of -28.34%.
Financial StatementsAnalyst Forecast
According to 21 analysts, the average rating for FANG stock is "Buy." The 12-month stock price forecast is $210.43, which is an increase of 2.70% from the latest price.
News
While The Tech Sector Corrects, Energy Quietly Rises: 5 Stocks For Your Watch List
Over the past five days, the S&P 500 index dipped by 0.17%. The technology sector, represented by the SPDR Select Sector Fund – Technology XLK, declined by 2.23%.
Diamondback Energy, Inc. Schedules Second Quarter 2024 Conference Call for August 6, 2024
MIDLAND, Texas, June 24, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release second quarter 2024 financial results on August 5, 2...
DEEP BLUE MIDLAND BASIN LLC ACQUIRES LAGOON OPERATING - MIDLAND, LLC
Strategic Acquisition Expands Deep Blue's Footprint in the Midland Basin MIDLAND, Texas , June 3, 2024 /PRNewswire/ -- Deep Blue Midland Basin LLC ("Deep Blue" or the "Company"), a joint venture betwe...
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Diamondback Energy, Inc. Announces Sale of WTG Midstream
MIDLAND, Texas, May 28, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) today announced the sale of WTG Midstream Holdings LLC to Energy Transfer LP (NYSE: ET) (“ET”) ...
Diamondback Energy beats first quarter profit estimates on higher production
Diamondback Energy beat first quarter profit estimates on Tuesday as the oil and gas firm benefited from higher oil production and better prices.
Letter to Stockholders Issued by Diamondback Energy, Inc.
MIDLAND, Texas, April 30, 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 Commi...
Diamondback Energy, Inc. Announces First Quarter 2024 Financial and Operating Results
MIDLAND, Texas, April 30, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the first quarter ended ...
Diamondback Energy and Endeavor receive second FTC request over $26 bln deal
Oil and gas firm Diamondback Energy said on Monday it had received a second request from the U.S. Federal Trade Commission (FTC) in connection with the $26 billion deal to buy privately-held Endeavor.
Diamondback Energy, Inc. Receives Stockholder Approval for Proposed Transaction with Endeavor Energy Resources, L.P.
MIDLAND, Texas, April 26, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced that its stockholders have approved the issuance of shares o...
Final Trades: WisdomTree India Earnings ETF, Diamondback Energy and Alphabet
The Investment Committee give you their top stocks to watch for the second half.
Diamondback Investment Group Secures $24 Million Construction Loan for Two Single-Family Housing Community Projects in Greensboro, North Carolina
GREENSBORO, N.C.--(BUSINESS WIRE)--Diamondback Investment Group (“Diamondback”), a North Carolina-based land acquisition and development company, today announced it has secured a $24 million construct...
Diamondback Energy Prices Offering of Senior Notes
MIDLAND, Texas, April 09, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) announced today that it has priced an offering (the “Notes Offering”) of $850,000,000 in aggr...
Oklo Signs LOI to Supply 50 Megawatts of Power to Diamondback Energy
SANTA CLARA, Calif.--(BUSINESS WIRE)-- #advancedfission--Oklo Inc. (“Oklo”), a fast fission clean power technology and nuclear fuel recycling company, announces an agreement with Diamondback Energy In...
Josh Brown's energy strategy
Josh Brown, Ritholtz Wealth Management CEO, joins CNBC's 'Halftime Report' to describe his latest strategy in the energy sector.
Diamondback Energy, Inc. Schedules First Quarter 2024 Conference Call for May 1, 2024
MIDLAND, Texas, March 25, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release first quarter 2024 financial results on April 30, 2...
Morgan Stanley upgrades energy stocks to overweight
The Investment Committee give you their energy playbook after Morgan Stanley upgraded the sector to overweight.
FANG, NVDA, CSCO, NVS: Stock Picks in the Current Market
Diamondback Energy (FANG) consistently posted some of the strongest operational and financial results among the independent producers, notes Victoria Bills. She discusses he stock picks which include ...
Diamondback Energy beats quarterly profit estimates on production boost
U.S. shale oil producer Diamondback Energy topped Wall Street expectations for fourth-quarter profit on Tuesday, helped by strong oil and gas production.
Diamondback Energy Announces Executive Leadership Appointments and Promotions
MIDLAND, Texas, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced a series of leadership appointments and promotions, effective...
Diamondback Energy, Inc. Announces Fourth Quarter and Full Year 2023 Financial and Operating Results
MIDLAND, Texas, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the fourth quarter and fu...
Verde Clean Fuels, Inc. and Cottonmouth Ventures LLC Announce Joint Development Agreement for a Proposed Natural Gas-to-Gasoline Facility in Permian Basin
HOUSTON--(BUSINESS WIRE)--Verde Clean Fuels, Inc. (NASDAQ: VGAS) (“Verde” or the “Company”) and Cottonmouth Ventures LLC, a subsidiary of Diamondback Energy (NASDAQ: FANG) (“Diamondback”), today annou...
Endeavor merger is a 'big win for Diamondback', says Paul Sankey
Paul Sankey, Sankey Research, joins 'Fast Money' to talk mergers in the energy sector following the Diamondback and Endeavor merger announcement.
Keybanc's Tim Rezvan talks mergers and takeovers in the energy sector
Tim Rezvan, Keybanc Oil & Gas Exploration & Production Analyst, joins 'Closing Bell Overtime' to talk consolidation in the energy sector, merger and takeovers, and more.
Diamondback Energy $26B deal with Endeavor Energy Resources is the 'perfect deal,' Analyst says
Diamondback Energy (FANG) will acquire Endeavor Energy Resources in a deal valued at $26 billion, just the latest instance of M&A activity in the energy space. TD Cowen Senior Analyst David Deckelbaum...