Diamondback Energy/FANG

$196.56

-0.64%
-
1D1W1MYTD1YMAX

About Diamondback Energy

Diamondback Energy, Inc. is an independent oil and natural gas company focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas. The Company's activities are primarily focused on horizontal development of the Spraberry and Wolfcamp formations of the Midland Basin and the Wolfcamp and Bone Spring formations of the Delaware Basin, both of which are part of the larger Permian Basin in West Texas and New Mexico. Its total acreage position in the Permian Basin includes approximately 607,877 gross (493,769 net) acres, which consists primarily of 428,324 gross (349,707 net) acres in the Midland Basin and 174,828 gross (143,742 net) acres in the Delaware Basin. The Company is also engaged in midstream gathering, compression, water handling, disposal and treatment operations. Its subsidiary Viper Energy, Inc., also owns mineral interests in the Permian Basin.

Ticker

FANG

Sector

Energy

Trading on

NASDAQ

Industry

Oil & Gas Operations

CEO

Travis Stice

Employees

1,023

Headquarters

Midland, United States

FANG Metrics

BasicAdvanced
$35B
Market cap
11.14
P/E ratio
$17.74
EPS
1.87
Beta
$5.94
Dividend rate
4.68%
Dividend yield
$35B
1.87422
$211.96
$123.41
1.5M
$5.94
0.92
0.893
39.109
39.109
45.65%
13.25%
11.87%
19.6%
13.19%
11.141
4.046
2.08
2.08
80.121
3.48%
3.01%
4.68%
-4.87%
-26.9%
44.07%
74.64%

What the Analysts think about FANG

Analyst Ratings

Majority rating from 26 analysts.
Buy

Price Targets

Average projection from 25 analysts.
13.23% upside
High $263.00
Low $154.00
$196.56
Current price
$222.56
Average price target

FANG Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
34.48% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$2.2B
-0.04%
Net income
$768M
-20%
Profit margin
34.48%
-19.96%

FANG Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 1.74%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$3.68
$5.49
$4.74
$4.50
-
Expected
$3.90
$5.01
$4.66
$4.42
$4.74
Surprise
-5.65%
9.53%
1.66%
1.74%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

Upcoming events

FAQs

What’s the current market cap for Diamondback Energy stock?

Diamondback Energy (FANG) has a market cap of $35B as of May 22, 2024.

What is the P/E ratio for Diamondback Energy stock?

The price to earnings (P/E) ratio for Diamondback Energy (FANG) stock is 11.14 as of May 22, 2024.

Does Diamondback Energy stock pay dividends?

Yes, the Diamondback Energy (FANG) stock pays dividends to shareholders. As of May 22, 2024, the dividend rate is $5.94 and the yield is 4.68%. Diamondback Energy has a payout ratio of 45.65% on a trailing twelve-month basis.

When is the next Diamondback Energy dividend payment date?

The next Diamondback Energy (FANG) dividend payment is scheduled for May 22, 2024.

What is the beta indicator for Diamondback Energy?

Diamondback Energy (FANG) has a beta rating of 1.87. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Diamondback Energy stock price target?

The target price for Diamondback Energy (FANG) stock is $222.56, which is 13.23% above the current price of $196.56. This is an average based on projections from 25 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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