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Diamondback Energy Inc (FANG)

NASDAQ
Currency in USD
175.44
-2.15(-1.21%)
Real-time Data
FANG Scorecard
Full Analysis
16 analysts have revised their earnings downwards for the upcoming period
Fair Value
Day's Range
175.36178.28
52 wk Range
145.70214.50
Key Statistics
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Prev. Close
177.59
Open
177.77
Day's Range
175.36-178.28
52 wk Range
145.7-214.5
Volume
128.31K
Average Volume (3m)
2.35M
1-Year Change
15.12%
Book Value / Share
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Fair Value
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Fair Value Upside
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Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
216.83
Upside
+23.45%
Members' Sentiments
Bearish
Bullish
ProTips
Stock price movements are quite volatile
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Diamondback Energy Inc Company Profile

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 Basin. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.

Industry
Oil & Gas
Sector
Energy
Employees
1023

Diamondback Energy Inc SWOT Analysis


Merger Dynamics
Explore Diamondback Energy's strategic merger with Endeavor, positioning the company as a dominant player in the Midland Basin, rivaling industry giants
Operational Excellence
Delve into Diamondback's impressive performance, consistently meeting production targets while reducing operational resources and maintaining cost discipline
Financial Resilience
Discover Diamondback's robust financial health, with a low free cash flow breakeven of $45/Bbl and projected variable dividends of $1.25 per share for Q2 2024
Analyst Optimism
Learn about analyst targets ranging from $210 to $220, reflecting confidence in Diamondback's growth potential and market position in the Permian Basin
Read full SWOT analysis
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Diamondback Energy Inc Earnings Call Summary for Q3/2024

  • Increased production guidance and capital expenditure budget, emphasizing operational efficiencies and financial flexibility
  • Plans to reduce net debt through asset sales and organic cash flow, adjusting share buybacks based on oil prices
  • Acquisition of Endeavor assets expected to enhance operational capacity and shareholder returns
  • Focus on managing gas price volatility in Permian Basin and improving drilling and completion processes
  • Q3 projected as low point for activity, Q4 for capital expenditures; preparing for increased flexibility in 2025
Last Updated: 2024-08-07, 10:38 a/m
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Compare FANG to Peers and Sector

Metrics to compare
FANG
Peers
Sector
Relationship
P/E Ratio
16.2x5.4x4.6x
PEG Ratio
−8.960.100.00
Price/Book
1.4x1.3x1.1x
Price / LTM Sales
5.7x2.4x1.2x
Upside (Analyst Target)
21.3%23.7%28.8%
Fair Value Upside
Unlock23.1%9.1%Unlock

Analysts' Recommendations

23 Buy
5 Hold
0 Sell
Ratings:
28 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 216.46

(+23.38% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 17.3
Dividend Yield
2.03%
Industry Median 3.99%
Annualized payout
3.6000
Paid quarterly
5-Years Growth
+64.53%
Growth Streak

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FAQ

What Is the Diamondback (FANG) Stock Price Today?

The Diamondback stock price today is 175.44

What Stock Exchange Does Diamondback Trade On?

Diamondback is listed and trades on the NASDAQ stock exchange.

What Is the Stock Symbol for Diamondback?

The stock symbol for Diamondback is "FANG."

Does Diamondback Pay Dividends? What’s The Current Dividend Yield?

The Diamondback dividend yield is 2.03%.

What Is the Diamondback Market Cap?

As of today, Diamondback market cap is 51.44B.

What is Diamondback Earnings Per Share?

The Diamondback EPS is 17.30.

What Is the Next Diamondback Earnings Date?

Diamondback will release its next earnings report on Feb 25, 2025.

From a Technical Analysis Perspective, Is FANG a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.
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