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.
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 |
Metrics to compare | FANG | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipFANGPeersSector | |
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P/E Ratio | 16.2x | 5.4x | 4.6x | |
PEG Ratio | −8.96 | 0.10 | 0.00 | |
Price/Book | 1.4x | 1.3x | 1.1x | |
Price / LTM Sales | 5.7x | 2.4x | 1.2x | |
Upside (Analyst Target) | 21.3% | 23.7% | 28.8% | |
Fair Value Upside | Unlock | 23.1% | 9.1% | Unlock |