Diamondback Energy, Inc. (FANG)
| Market Cap | 45.59B |
| Revenue (ttm) | 9.16B |
| Net Income (ttm) | 3.20B |
| Shares Out | 291.99M |
| EPS (ttm) | 17.29 |
| PE Ratio | 9.03 |
| Forward PE | 10.53 |
| Dividend | $8.29 (5.31%) |
| Ex-Dividend Date | Nov 14, 2024 |
| Volume | 3,419,978 |
| Open | 160.89 |
| Previous Close | 162.09 |
| Day's Range | 155.60 - 160.89 |
| 52-Week Range | 152.00 - 214.50 |
| Beta | 1.84 |
| Analysts | Buy |
| Price Target | 217.05 (+39.03%) |
| Earnings Date | Feb 24, 2025 |
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 $217.05, which is an increase of 39.03% from the latest price.
News
Diamondback Energy, Inc. Announces Leadership Transition Plan and Additional Updates to Executive Team and Board of Directors
MIDLAND, Texas, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced its leadership transition plan, representing the culmination ...
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Double Eagle IV Midco, LLC Enters Into Definitive Purchase Agreement With Diamondback Energy, Inc.
FORT WORTH, Texas--(BUSINESS WIRE)--DOUBLE EAGLE IV MIDCO, LLC ENTERS INTO DEFINITIVE PURCHASE AGREEMENT WITH DIAMONDBACK ENERGY, INC.
Diamondback Energy to expand in Permian with $4.08 billion deal
Oil and gas company Diamondback Energy said on Tuesday it would buy certain units of Texas-based energy producer Double Eagle in a cash-and-stock deal for about $4.08 billion.
Diamondback Energy, Inc. Announces Midland Basin Acquisition
MIDLAND, Texas, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or “the Company”) today announced that it has entered into a definitive purchase agreement to a...
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Diamondback in talks to buy Double Eagle for more than $5 billion, WSJ reports
Diamondback Energy is in talks to buy EnCap-backed Double Eagle, a big West Texas energy producer, for more than $5 billion, the Wall Street Journal reported on Friday, citing people familiar with the...
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Diamondback Energy, Inc. Announces Appointment to the Board of Directors
MIDLAND, Texas, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Travis Stice, Chief Executive Officer and Chairman of the Board of Directors (the “Board”) of Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" o...
Diamondback Energy, Inc. Announces Drop Down Transaction
MIDLAND, Texas, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced that it has entered into a definitive purchase agreement with...
Verde Clean Fuels, Inc. Announces Closing of $50 Million Equity Investment by Cottonmouth Ventures, LLC, a Wholly-Owned Subsidiary of Diamondback Energy, Inc.
HOUSTON--(BUSINESS WIRE)--Verde Clean Fuels, Inc. (“Verde” or, the “Company”) (NASDAQ: VGAS) announced today the closing of the previously announced $50 million equity investment by Cottonmouth Ventur...
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Orion Group Partners with Leading Plumbing Service Provider, Diamondback Plumbing
PHOENIX--(BUSINESS WIRE)--Orion Group (“Orion”), a commercial and industrial field services company, announced today that it has partnered with Diamondback Plumbing (“Diamondback”), a leading plumbing...
Diamondback Energy flags lower prices for oil production in fourth quarter
U.S. shale producer Diamondback Energy on Monday flagged lower prices for its oil production in the fourth quarter, compared to the preceding three months.
Diamondback Energy, Inc. Schedules Fourth Quarter 2024 Conference Call for February 25, 2025
MIDLAND, Texas, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release fourth quarter 2024 financial results on February 24...
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