Diamondback Energy (FANG) Stock

Diamondback Energy (FANG) closed at $158.34 in the most recent trading session, showing a slight increase of 0.2% from its previous closing price.

Occidental Petroleum (OXY 0.58%) and Diamondback Energy (FANG 1.07%) are among the top producers in the highly productive Permian Basin, which stretches across Texas and New Mexico. This region has played a major role in making the United States a significant oil producer.

Diamondback Energy and Exxon Mobil are two leading companies in the energy sector. Both offer substantial returns to their shareholders. I will compare them directly and explain which one I believe is the better investment at this time.

Investors frequently depend on the advice of Wall Street analysts to help them choose whether to buy, sell, or keep a stock. News articles about these analysts from brokerage firms changing their ratings can significantly influence a stock's price.

Diamondback Energy's merger with Endeavor Energy improves its resources and efficiency, strengthening its role in the Permian Basin. The company's careful approach to reducing debt and maintaining a strong financial position, backed by good credit ratings and ample cash, ensures stability. Shareholders enjoy good returns through dividends and a $6 billion buyback plan, even while prioritizing debt reduction.

Diamondback Energy, Inc. (NASDAQ:FANG) will hold its Q3 2024 Earnings Conference Call on November 5, 2024, at 9:00 AM ET. The call will feature company representatives, including Adam Lawlis, Travis Stice, Kaes Van't Hof, and Danny Wesson, along with various analysts from different financial institutions. The operator will begin the call by welcoming participants and thanking them for their presence.

Diamondback Energy (FANG) reported quarterly earnings of $3.38 per share, which is lower than the Zacks Consensus Estimate of $3.80 per share. This is a decrease compared to earnings of $5.49 per share from the same period last year.

MIDLAND, Texas, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Dear Diamondback Stockholders, this letter serves as an addition to our earnings report and is being submitted to the Securities and Exchange Commission (SEC) while also being shared with our stockholders at the same time. At the end of this letter, you will find details about forward-looking statements and non-GAAP financial information.

MIDLAND, Texas, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) has released its financial and operational results for the third quarter that ended on September 30, 2024.