Expand / Collapse search
Watch TV
☰

Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions.  Legal Statement.

This material may not be published, broadcast, rewritten, or redistributed. ©2024 FOX News Network, LLC. All rights reserved. FAQ - New Privacy Policy

diamondback energy inc. - FANG

FANG

Close Chg Chg %
180.12 1.34 0.74%

Pre-Market

181.46

+1.34 (0.74%)

Volume: 1.65M

Last Updated:

Nov 20, 2024, 4:00 PM EDT

Trade Now

Company Overview: diamondback energy inc. - FANG

FANG Key Data

Open

$180.00

 Day Range

180.00 - 182.45

52 Week Range

145.70 - 214.50

 Market Cap

$52.59B

Shares Outstanding

291.99M

 Public Float

189.20M

Beta

1.87

 Rev. Per Employee

N/A

P/E Ratio

10.31

 EPS

$17.46

Yield

597.38%

 Dividend

$0.90

EX-DIVIDEND DATE

Nov 14, 2024

 SHORT INTEREST

N/A

AVERAGE VOLUME

1.91M

  

FANG Performance

1 Week
 
 2.75%
 
1 Month
 
 -1.58%
 
3 Months
 
 -7.05%
 
1 Year
 
 17.35%
 
5 Years
 
 140.89%
 

FANG Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 31
Full Ratings ➔

About diamondback energy inc. - FANG

Diamondback Energy, Inc. is an independent oil and natural gas company, which engages in the acquisition, development, exploration, and exploitation of unconventional, onshore oil, and natural gas reserves. It operates through the Upstream and Midstream Services segments. The Upstream segment focuses on the Permian Basin operations in West Texas. The Midstream Services segment is involved in the Midland and Delaware Basins. The company was founded in December 2007 and is headquartered in Midland, TX.

FANG At a Glance

Diamondback Energy, Inc.
500 West Texas Avenue
Midland, Texas 79701
Phone 1-432-221-7400 Revenue 8.41B
Industry Oil & Gas Production Net Income 3.12B
Sector Energy Minerals Employees 1,023
Fiscal Year-end 12 / 2024
View SEC Filings

FANG Valuation

P/E Current 10.313
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 8.944
Price to Sales Ratio 3.318
Price to Book Ratio 1.667
Price to Cash Flow Ratio 4.715
Enterprise Value to EBITDA 5.522
Enterprise Value to Sales 4.153
Total Debt to Enterprise Value 0.195

FANG Efficiency

Revenue/Employee 8,222,873.90
Income Per Employee 3,050,830.89
Receivables Turnover 9.932
Total Asset Turnover 0.305

FANG Liquidity

Current Ratio 0.769
Quick Ratio 0.739
Cash Ratio 0.278

FANG Profitability

Gross Margin 57.905
Operating Margin 54.458
Pretax Margin 50.499
Net Margin 37.102
Return on Assets 11.306
Return on Equity 19.732
Return on Total Capital 13.323
Return on Invested Capital 14.023

FANG Capital Structure

Total Debt to Total Equity 40.908
Total Debt to Total Capital 29.032
Total Debt to Total Assets 23.451
Long-Term Debt to Equity 39.946
Long-Term Debt to Total Capital 28.349
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Diamondback Energy Inc. - FANG

Collapse All in section
All values USD millions. 2020 2021 2022 2023 5-year trend
Sales/Revenue
2.81B 6.80B 9.64B 8.41B
Sales Growth
-29.04% +141.63% +41.87% -12.77%
Cost of Goods Sold (COGS) incl D&A
2.18B 2.57B 2.87B 3.54B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
1.31B 1.27B 1.34B 1.75B
Depreciation
1.31B 1.27B 1.34B 1.75B
Amortization of Intangibles
- - - -
-
COGS Growth
-8.22% +17.92% +11.65% +23.60%
Gross Income
637.00M 4.23B 6.78B 4.87B
Gross Income Growth
-60.01% +564.21% +60.20% -28.14%
Gross Profit Margin
+22.64% +62.25% +70.29% +57.91%
2020 2021 2022 2023 5-year trend
SG&A Expense
88.00M 146.00M 144.00M 150.00M
Research & Development
- - - -
-
Other SG&A
88.00M 146.00M 144.00M 150.00M
SGA Growth
-15.38% +65.91% -1.37% +4.17%
Other Operating Expense
4.00M 6.00M 112.00M 140.00M
Unusual Expense
6.08B 1.00B 699.00M 254.00M
EBIT after Unusual Expense
(5.54B) 3.08B 5.82B 4.33B
Non Operating Income/Expense
(36.00M) 29.00M 73.00M 98.00M
Non-Operating Interest Income
4.00M 1.00M 1.00M 2.00M
Equity in Earnings of Affiliates
(10.00M) 15.00M 77.00M 48.00M
Interest Expense
201.00M 200.00M 160.00M 177.00M
Interest Expense Growth
+16.18% -0.50% -20.00% +10.63%
Gross Interest Expense
256.00M 288.00M 284.00M 348.00M
Interest Capitalized
55.00M 88.00M 124.00M 171.00M
Pretax Income
(5.78B) 2.91B 5.74B 4.25B
Pretax Income Growth
-1,695.58% +150.33% +97.32% -25.94%
Pretax Margin
-205.33% +42.77% +59.48% +50.50%
Income Tax
(1.10B) 631.00M 1.17B 912.00M
Income Tax - Current - Domestic
- 25.00M 454.00M 534.00M
Income Tax - Current - Foreign
- - - -
-
Income Tax - Deferred - Domestic
- 606.00M 720.00M 378.00M
Income Tax - Deferred - Foreign
- - - -
-
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
(10.00M) 15.00M 77.00M 48.00M
Other After Tax Income (Expense)
- - (42.00M) (22.00M)
-
Consolidated Net Income
(4.67B) 2.28B 4.52B 3.31B
Minority Interest Expense
(155.00M) 94.00M 176.00M 193.00M
Net Income
(4.52B) 2.18B 4.34B 3.12B
Net Income Growth
-1,982.08% +148.31% +99.08% -28.15%
Net Margin Growth
-160.58% +32.10% +45.05% +37.10%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
(4.52B) 2.18B 4.34B 3.12B
Preferred Dividends
- - - -
-
Net Income Available to Common
(4.52B) 2.18B 4.34B 3.12B
EPS (Basic)
-28.593 12.3526 24.6065 17.339
EPS (Basic) Growth
-2,047.75% +143.20% +99.20% -29.53%
Basic Shares Outstanding
157.98M 176.64M 176.54M 180.00M
EPS (Diluted)
-28.593 12.3027 24.6065 17.339
EPS (Diluted) Growth
-2,052.01% +143.03% +100.01% -29.53%
Diluted Shares Outstanding
157.98M 177.36M 176.54M 180.00M
EBITDA
1.86B 5.35B 7.87B 6.33B
EBITDA Growth
-36.85% +188.47% +46.92% -19.57%
EBITDA Margin
+65.98% +78.77% +81.57% +75.21%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 217.444
Number of Ratings 31 Current Quarters Estimate 3.522
FY Report Date 12 / 2024 Current Year's Estimate 15.901
Last Quarter’s Earnings 3.38 Median PE on CY Estimate N/A
Year Ago Earnings 18.01 Next Fiscal Year Estimate 15.433
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 27 25 27 28
Mean Estimate 3.52 3.81 15.90 15.43
High Estimates 4.75 4.85 18.97 19.99
Low Estimate 2.26 2.84 13.67 9.09
Coefficient of Variance 16.36 14.00 6.94 17.09

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 20 20 18
OVERWEIGHT 4 4 3
HOLD 7 8 8
UNDERWEIGHT 0 0 0
SELL 0 0 0
MEAN Overweight Overweight Overweight

Insider Actions for Diamondback Energy Inc. - FANG

Date Name Shares Transaction Value
Sep 13, 2024 Lance W. Robertson Director 7,600 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Sep 13, 2024 Robert K. Reeves Director 835 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Sep 13, 2024 Charles Alvin Meloy Director 858 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Sep 13, 2024 Matt Zmigrosky EVP, Chief Legal and Admin Off 49,173 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Sep 13, 2024 Albert Barkmann Exec. VP and Chief Engineer 20,355 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 13, 2024 Daniel N. Wesson Exec. VP & COO 65,677 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $194.69 per share 12,786,655.13
Jun 11, 2024 Stephanie K. Mains Director 9,236 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 11, 2024 Mark Lawrence Plaumann Director 21,200 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 11, 2024 Vincent K. Brooks Director 9,236 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 11, 2024 Frank D. Tsuru Director 3,730 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 11, 2024 Melanie Montague Trent Director 12,640 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 11, 2024 Rebecca Armendariz Klein Director 3,730 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 11, 2024 Steven Emory West Director 6,135 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 11, 2024 David L. Houston Director 12,600 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 5, 2024 Travis D. Stice Chief Executive Officer; Director 435,593 Bona fide gift 0.00
May 30, 2024 Teresa L. Dick CAO, Exec. VP, Assist. Sec. 93,953 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $193.46 per share 18,176,147.38
May 30, 2024 Daniel N. Wesson Exec. VP & COO 69,677 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $197.14 per share 13,736,123.78
May 30, 2024 Matthew Kaes Van't Hof President & CFO 150,718 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $193.46 per share 29,157,904.28
May 21, 2024 Matthew Kaes Van't Hof President & CFO 160,882 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $196.21 per share 31,566,657.22
May 8, 2024 Jere W. Thompson Exec. VP - Strategy & Corp Dev 7,585 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $199.9 per share 1,516,241.50

Diamondback Energy Inc. in the News

Markets

Oil prices bubble ahead of OPEC meeting

Oil prices are moving higher ahead of the Organization of the Petroleum Exporting Countries (OPEC) meeting scheduled for Thursday, after the alliance delayed the event last week.