Diamondback Energy, Inc. (FANG)
| Market Cap | 36.20B |
| Revenue (ttm) | 8.41B |
| Net Income (ttm) | 3.14B |
| Shares Out | 178.34M |
| EPS (ttm) | 17.34 |
| PE Ratio | 11.51 |
| Forward PE | 11.00 |
| Dividend | $0.84 (0.41%) |
| Ex-Dividend Date | Mar 4, 2024 |
| Volume | 276,152 |
| Open | 201.23 |
| Previous Close | 199.60 |
| Day's Range | 200.10 - 203.85 |
| 52-Week Range | 123.41 - 211.96 |
| Beta | 1.92 |
| Analysts | Strong Buy |
| Price Target | 199.75 (-1.61%) |
| Earnings Date | Apr 30, 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 20 analysts, the average rating for FANG stock is "Strong Buy." The 12-month stock price forecast is $199.75, which is a decrease of -1.61% from the latest price.
News
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...
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...
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...
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 ...
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...
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.
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.
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.
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...
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...
$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...
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.