Diamondback Energy, Inc. (FANG)

NASDAQ: FANG · IEX Real-Time Price · USD
176.36
-0.37 (-0.21%)
At close: Feb 23, 2024, 4:00 PM
176.01
-0.35 (-0.20%)
After-hours: Feb 23, 2024, 7:28 PM EST
-0.21%
Market Cap 31.57B
Revenue (ttm) 8.41B
Net Income (ttm) 3.14B
Shares Out 178.99M
EPS (ttm) 17.34
PE Ratio 10.17
Forward PE 9.61
Dividend $0.84 (0.48%)
Ex-Dividend Date Mar 4, 2024
Volume 2,092,467
Open 175.36
Previous Close 176.73
Day's Range 174.39 - 177.79
52-Week Range 119.01 - 183.96
Beta 1.88
Analysts Strong Buy
Price Target 185.17 (+5.0%)
Earnings Date Feb 20, 2024

About FANG

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 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, operates, develops, and acquires midstream infrastructure assets,... [Read more]

Industry Oil & Gas E&P
Sector Energy
IPO Date Oct 12, 2012
Employees 1,032
Stock Exchange NASDAQ
Ticker Symbol FANG
Full Company Profile

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 Statements

Analyst Forecast

According to 18 analysts, the average rating for FANG stock is "Strong Buy." The 12-month stock price forecast is $185.17, which is an increase of 5.00% from the latest price.

Price Target
$185.17
(5.00% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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.

5 days ago - Reuters

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...

5 days ago - GlobeNewsWire

Letter to Stockholders Issued by Diamondback Energy, Inc.

MIDLAND, Texas, Feb. 20, 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...

5 days ago - GlobeNewsWire

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...

5 days ago - GlobeNewsWire

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...

Other symbols: VGAS
12 days ago - Business Wire

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.

13 days ago - CNBC Television

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.

Other symbols: GPOR
13 days ago - CNBC Television

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...

13 days ago - Yahoo Finance

Oil: Why the Diamondback, Endeavor merger makes sense: Analyst

In a deal valued at $26 billion, Diamondback Energy (FANG) has agreed to buy Endeavor Energy Resources, with $8 billion in cash 117.3 million Diamondback shares worth $18 billion. The deal allows for ...

13 days ago - Yahoo Finance

Energy consolidations: Diamondback, Endeavor announce $26B deal

Shares of Diamondback Energy (FANG) are climbing Monday morning following the announcement of a merger agreement with Endeavor Energy Resources, the latest acquisition deal to hit the energy sector. D...

13 days ago - Yahoo Finance

Diamondback Stock Is Soaring. Here Are Two Reasons Why.

Energy explorer Diamondback agreed to acquire privately held oil and gas producer Endeavor, which has prime locations in the Permian Basin.

13 days ago - Barrons

Final Trades: Bitcoin, NXP Semiconductors and Diamondback Energy

Today's “Halftime Report” Investment Committee, Jim Lebenthal, Joe Terranova and Steve Weiss give their top picks to watch for the second half.

Other symbols: NXPI
13 days ago - CNBC Television

FANG Buying Endeavor Energy For $26B

Diamondback Energy (FANG) is buying Endeavor Energy for $26B. The deal is supposed to close in 4Q of 2024.

13 days ago - Schwab Network

Another Oil Giant Emerges In The Permian Basin

Midland-based Diamondback Energy FANG was already a big upstream company in the prolific Permian Basin which straddles the border between West Texas and Southeast New Mexico. But the company led by CE...

13 days ago - Forbes

Diamondback Energy Stock Rises After Deal to Acquire Endeavor—Key Chart Pattern to Watch

Diamondback Energy (FANG) shares rose in pre-market trading Monday after the company announced plans for a merger with Endeavor Energy Resources, the latest in a string of big energy sector deals in r...

13 days ago - Investopedia

$26 Billion Oil Mega-Merger: Diamondback Energy Acquiring Rival Endeavor

Texas oil and natural gas firm Diamondback Energy announced Monday it will buy its privately held competitor Endeavor Energy in an agreement valuing the latter at roughly $26 billion, the latest massi...

13 days ago - Forbes

Diamondback in $26B deal to buy Endeavor Energy in growing Permian push

The combined company would be the third-largest oil and gas producer in the region behind Exxon and Chevron, with both firms having announced recent deals.

13 days ago - Fox Business

US oil companies to merge in $26bn deal as firms rush to buy up drilling land

Diamondback Energy to buy Endeavor Energy Resources, after IEA warning against new fossil fuel developments

Other symbols: EDR
13 days ago - The Guardian

FANG Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Diamondback Energy, Inc. Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Diamondback Energy, Inc. (NASDAQ: FANG) and Endeavor Energy Resources, L.P. is fair to ...

13 days ago - Business Wire

Diamondback Energy to Buy Endeavor in $26 Billion Oil Megadeal

Diamondback Energy will purchase fellow Texas oil-and-gas producer Endeavor Energy through a $26 billion deal that will create the largest pure-play operator in the Permian Basin. Bloomberg Opinion co...

13 days ago - Bloomberg Markets and Finance

Diamondback Energy to buy Endeavor Energy in $26 billion deal

Diamondback Energy on Monday decided to buy the largest privately held oil and gas producer in the Permian basin, Endeavor Energy Partners, in a cash-and-stock deal for about $26 billion, including de...

13 days ago - Reuters

Diamondback Energy, Inc. and Endeavor Energy Resources, L.P. to Merge to Create a Premier Permian Independent Oil and Gas Company

MIDLAND, Texas, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) and Endeavor Energy Resources, L.P. (“Endeavor”), today announced that they h...

13 days ago - GlobeNewsWire

Diamondback in talks to buy shale rival Endeavor for around $25 billion: report

Diamondback Energy Inc. and Endeavor Energy Resources are reportedly in the late stages of deal talks that would see the shale rivals form a massive company.

13 days ago - Market Watch

Diamondback Energy, Endeavor Energy finalizing a merger to create $50 bln company -Wall Street Journal

Permian rivals Diamondback Energy and Endeavor Energy Resources are close to finalizing a merger that would create an oil and gas company which could be valued at more than $50 billion, the Wall Stree...

14 days ago - Reuters

Final Trades: Snap, Meta, Taiwan Semi and Diamondback Energy

"Halftime Report" Investment Committee members Bryn Talkington, Josh Brown, Sarat Sethi and Steve Weiss give their top picks to watch for the second half.

Other symbols: METATSMSNAP
24 days ago - CNBC Television