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Diamondback Energy, Inc. (FANG)

Stock Price: $29.03 USD -0.14 (-0.48%)
Updated Oct 23, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 4.58B
Revenue (ttm) 3.40B
Net Income (ttm) -2.78B
Shares Out 157.82M
EPS (ttm) -17.39
PE Ratio n/a
Forward PE 8.84
Dividend $1.50
Dividend Yield 5.17%

Stock Quote

Trading Day Oct 23, 2020
Last Price $29.03
Previous Close $29.17
Change ($) -0.14
Change (%) -0.48%
Day's Open 29.30
Day's Range 28.63 - 29.66
Day's Volume 2,758,278
52-Week Range 14.55 - 96.92

More Stats

Market Cap 4.58B
Enterprise Value 10.56B
Earnings Date (est) Nov 2, 2020
Ex-Dividend Date Aug 12, 2020
Shares Outstanding 157.82M
Float 156.83M
EPS (basic) -17.58
EPS (diluted) -17.39
FCF / Share -4.51
Dividend $1.50
Dividend Yield 5.17%
Earnings Yield n/a
FCF Yield n/a
Payout Ratio n/a
Shares Short 8.98M
Short Ratio 2.95
Short % of Float 5.73%
Beta 2.26
PE Ratio n/a
Forward PE 8.84
P/FCF Ratio n/a
PS Ratio 1.35
PB Ratio 0.43
Revenue 3.40B
Operating Income -3.51B
Net Income -2.78B
Free Cash Flow -711.00M
Net Cash -5.98B
Net Cash / Share -37.90
Gross Margin 95.74%
Operating Margin -103.11%
Profit Margin -81.80%
FCF Margin -20.89%
ROA 3.29%
ROE -21.22%
ROIC -12.00%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (35)

Buy 28
Overweight 3
Hold 4
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$53.69*
(84.95% upside)
Low
35.0
Current: $29.03
High
93.0
Target: 53.69
*Average 12-month price target from 34 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue3,9642,1761,20552744749620874.9649.3727.25
Revenue Growth82.17%80.58%128.61%17.99%-9.88%138.32%177.48%51.85%81.14%-
Gross Profit3,0471,74098139932540417354.0534.4720.40
Operating Income6951,011605-68.62-74021395.1917.3115.159.18
Net Income240846482-165-55119454.59-36.52-0.398.23
Shares Outstanding16310597.4675.0863.0252.8342.0219.72--
Earnings Per Share1.478.064.94-2.20-8.743.641.290.60--
EPS Growth-81.76%63.16%---182.17%115%---
Dividend Per Share0.690.38--------
Dividend Growth83.47%---------
Operating Cash Flow2,7341,56588933241735615649.6931.005.19
Capital Expenditures-3,702-3,483-3,302-1,191-902-1,448-940-176-87.18-55.05
Free Cash Flow-968-1,918-2,413-859-486-1,091-784-127-56.19-49.85
Cash & Equivalents1744461131,66725.2414615.7726.366.96-
Total Debt5,3984,4791,5841,1294886744605.5499.46-
Net Cash / Debt-5,224-4,033-1,471539-463-527-44420.82-92.50-
Assets23,53121,5967,7715,3502,7513,0951,522607264-
Liabilities8,6257,4292,1891,3316421,110676145135-
Book Value13,24913,7005,2553,6971,8761,751846462129-
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Diamondback Energy, Inc.
Country United States
Employees 712
CEO Travis D. Stice

Stock Information

Ticker Symbol FANG
Stock Exchange NASDAQ
Sector Energy
Industry Oil & Gas E&P
Unique Identifier NASDAQ: FANG
IPO Date October 12, 2012

Description

Diamondback Energy, 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, 2019, the company's total acreage position was approximately 455,378 gross acres in the Permian Basin; and estimated proved oil and natural gas reserves were 1,127,575 thousand barrels of crude oil equivalent. It also held working interests in 2,656 gross producing wells, as well as royalty interests in 4,161 additional wells. In addition, the company owns mineral interests approximately 814,224 gross acres and 24,304 net royalty acres in the Permian Basin and Eagle Ford Shale; and owns, operates, develops, and acquires midstream infrastructure assets, such as 867 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system in the Midland and Delaware Basins of the Permian Basin. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.