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Diamondback Energy (FANG) Stock

Profile

Sector:

Energy

Country:

United States

IPO:

12 October 2012

Description:

Diamondback Energy Inc is an independent oil and gas company that currently primarily acquires, develops, explores, and produces unconventional onshore oil and gas reserves in the Permian Basin in West Texas. The company's main activities include the production of shale oil, natural shale gas, gas condensate, and conducting geological exploration work. All of the company's proven oil reserves, as well as its current production, are concentrated in two shale oil basins, the Midland Basin and Permian Basin. Diamondback Energy Inc was founded in 2007, and its headquarters is located in Midland, Texas.

Key Details

Price

$176.19

TTM Dividend Yield

4.71%(-9.60% YoY)

Annual Revenue

$8.41 B(-12.77% YoY)

Annual EPS

$17.34(-29.54% YoY)

PE Ratio

10.09(+15.98% YoY)

Beta

0.52

Events Calendar

Earnings

Next earnings date:

Feb 21, 2025

Recent quarterly earnings:

Nov 04, 2024

Recent annual earnings:

Feb 21, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Nov 14, 2024
Splits

Next split:

N/A

Recent split:

N/A

Analyst ratings

Recent major analysts updates

18 Oct '24 Wells Fargo
Overweight
18 Oct '24 Susquehanna
Positive
16 Oct '24 Truist Securities
Buy
16 Oct '24 Keybanc
Overweight
15 Oct '24 Piper Sandler
Overweight
10 Oct '24 Scotiabank
Sector Outperform
04 Oct '24 BMO Capital
Outperform
03 Oct '24 Benchmark
Buy
02 Oct '24 Barclays
Overweight
01 Oct '24 Wells Fargo
Overweight

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Institutional Ownership

Why Diamondback Energy Is My Top Pick For U.S. Oil
Why Diamondback Energy Is My Top Pick For U.S. Oil
Why Diamondback Energy Is My Top Pick For U.S. Oil
FANG
seekingalpha.com05 November 2024

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. (FANG) Q3 2024 Earnings Call Transcript
Diamondback Energy, Inc. (FANG) Q3 2024 Earnings Call Transcript
Diamondback Energy, Inc. (FANG) Q3 2024 Earnings Call Transcript
FANG
seekingalpha.com05 November 2024

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) Q3 Earnings Miss Estimates
Diamondback Energy (FANG) Q3 Earnings Miss Estimates
Diamondback Energy (FANG) Q3 Earnings Miss Estimates
FANG
zacks.com04 November 2024

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.

Letter to Stockholders Issued By Diamondback Energy, Inc.
Letter to Stockholders Issued By Diamondback Energy, Inc.
Letter to Stockholders Issued By Diamondback Energy, Inc.
FANG
globenewswire.com04 November 2024

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.

Diamondback Energy, Inc. Announces Third Quarter 2024 Financial and Operating Results
Diamondback Energy, Inc. Announces Third Quarter 2024 Financial and Operating Results
Diamondback Energy, Inc. Announces Third Quarter 2024 Financial and Operating Results
FANG
globenewswire.com04 November 2024

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.

Analysts Estimate Diamondback Energy (FANG) to Report a Decline in Earnings: What to Look Out for
Analysts Estimate Diamondback Energy (FANG) to Report a Decline in Earnings: What to Look Out for
Analysts Estimate Diamondback Energy (FANG) to Report a Decline in Earnings: What to Look Out for
FANG
zacks.com28 October 2024

Diamondback (FANG) lacks the necessary mix of two important factors that could lead to a strong earnings report in the near future. Be ready with the main expectations.

Diamondback Energy (FANG) Ascends While Market Falls: Some Facts to Note
Diamondback Energy (FANG) Ascends While Market Falls: Some Facts to Note
Diamondback Energy (FANG) Ascends While Market Falls: Some Facts to Note
FANG
zacks.com25 October 2024

Diamondback Energy (FANG) finished the last trading session at $184.38, which represents a 1.92% increase from the previous day's closing price.

Diamondback Energy (FANG) Rises Yet Lags Behind Market: Some Facts Worth Knowing
Diamondback Energy (FANG) Rises Yet Lags Behind Market: Some Facts Worth Knowing
Diamondback Energy (FANG) Rises Yet Lags Behind Market: Some Facts Worth Knowing
FANG
zacks.com18 October 2024

In the most recent trading session, Diamondback Energy (FANG) finished at $183.99, which is a slight increase of 0.02% compared to the previous day.

Diamondback Energy (FANG) Rises But Trails Market: What Investors Should Know
Diamondback Energy (FANG) Rises But Trails Market: What Investors Should Know
Diamondback Energy (FANG) Rises But Trails Market: What Investors Should Know
FANG
zacks.com11 October 2024

In the most recent trading session, Diamondback Energy (FANG) finished at $194.96, which is an increase of 0.46% compared to the previous day.

The Investment Case for Diamondback Energy Inc (FANG): How Financial Growth and Innovation
The Investment Case for Diamondback Energy Inc (FANG): How Financial Growth and Innovation
The Investment Case for Diamondback Energy Inc (FANG): How Financial Growth and Innovation
FANG
gurufocus.com07 October 2024

Diamondback Energy Inc (FANG) has recently attracted interest from both investors and financial analysts due to its solid financial results and potential for growth. The company's shares are currently valued at $198.05, showing a daily increase of 1.77%, even though they have seen a small decline of 2.08% over the past three months. This performance makes Diamondback Energy a notable player in the energy industry.

FAQ

  • What is the primary business of Diamondback Energy?
  • What is the ticker symbol for Diamondback Energy?
  • Does Diamondback Energy pay dividends?
  • What sector is Diamondback Energy in?
  • What industry is Diamondback Energy in?
  • What country is Diamondback Energy based in?
  • When did Diamondback Energy go public?
  • Is Diamondback Energy in the S&P 500?
  • Is Diamondback Energy in the NASDAQ 100?
  • Is Diamondback Energy in the Dow Jones?
  • When was Diamondback Energy's last earnings report?
  • When does Diamondback Energy report earnings?
  • Should I buy Diamondback Energy stock now?

What is the primary business of Diamondback Energy?

Diamondback Energy Inc is an independent oil and gas company that currently primarily acquires, develops, explores, and produces unconventional onshore oil and gas reserves in the Permian Basin in West Texas. The company's main activities include the production of shale oil, natural shale gas, gas condensate, and conducting geological exploration work. All of the company's proven oil reserves, as well as its current production, are concentrated in two shale oil basins, the Midland Basin and Permian Basin. Diamondback Energy Inc was founded in 2007, and its headquarters is located in Midland, Texas.

What is the ticker symbol for Diamondback Energy?

The ticker symbol for Diamondback Energy is NASDAQ:FANG

Does Diamondback Energy pay dividends?

Yes, Diamondback Energy pays dividends. The last payment was $0.90, with an ex-dividend date on 14 November 2024

What sector is Diamondback Energy in?

Diamondback Energy is in the Energy sector

What industry is Diamondback Energy in?

Diamondback Energy is in the Oil & Gas Equipment & Services industry

What country is Diamondback Energy based in?

Diamondback Energy is headquartered in United States

When did Diamondback Energy go public?

Diamondback Energy's initial public offering (IPO) was on 12 October 2012

Is Diamondback Energy in the S&P 500?

Yes, Diamondback Energy is included in the S&P 500 index

Is Diamondback Energy in the NASDAQ 100?

Yes, Diamondback Energy is included in the NASDAQ 100 index

Is Diamondback Energy in the Dow Jones?

No, Diamondback Energy is not included in the Dow Jones index

When was Diamondback Energy's last earnings report?

Diamondback Energy's most recent earnings report was on 4 November 2024

When does Diamondback Energy report earnings?

The next expected earnings date for Diamondback Energy is 21 February 2025

Should I buy Diamondback Energy stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions