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Diamondback (FANG)
NASDAQ:FANG
Diamondback (FANG) Stock Price & Analysis
3,354 Followers
FANG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$118.12 - $211.96
Previous Close$201.5
Volume1.87M
Average Volume (3M)1.79M
Market Cap
$35.94B
Enterprise Value$41.96B
Total Cash (Recent Filing)$912.00M
Total Debt (Recent Filing)$6.23B
Price to Earnings (P/E)11.4
Beta0.91
Next Earnings
Jul 29, 2024EPS Estimate
$4.81Next Dividend Ex-Date
May 14, 2024Dividend Yield4.03%
Share Statistics
EPS (TTM)17.74
Shares Outstanding178,343,733
10 Day Avg. Volume1,630,685
30 Day Avg. Volume1,786,171
Standard Deviation0.18
R-Squared0.33
Alpha0.00941
Financial Highlights & Ratios
Price to Book (P/B)2.16
Price to Sales (P/S)3.73
Price to Cash Flow (P/CF)5.50
P/FCF Ratio36.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.43
Enterprise Value/Gross Profit6.19
Enterprise Value/Ebitda7.06
Forecast
1Y Price Target
$213.11Price Target Upside5.76% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering19
Diamondback News
Bulls Say, Bears Say
Bulls Say
Acquisition ImpactFANG's acquisition of Endeavor Energy significantly enhances its reserve base in the core of the Midland Basin.
Financial PerformanceFANG reported strong year-end 2023 Proved Developed Producing reserves, contributing to an estimated value of $16.8 billion.
Shareholder ReturnFANG returned $396MM to shareholders in Q1 through dividends and share repurchases.
Bears Say
Financial PerformanceLower natural gas price realizations and higher interest expenses impacted financial estimates.
Operational EfficiencyPer unit opex was up, primarily reflecting higher lease operating expenses.
Regulatory ConcernsA second request from the FTC could be a short-lived headwind.
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Ownership Overview
7.79% Insiders
35.78% Mutual Funds
33.54% Other Institutional Investors
22.89% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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FANG FAQ
What was Diamondback’s price range in the past 12 months?
Diamondback lowest stock price was $118.12 and its highest was $211.96 in the past 12 months.
What is Diamondback’s market cap?
Currently, no data Available
When is Diamondback’s upcoming earnings report date?
Diamondback’s upcoming earnings report date is Jul 29, 2024 which is in 82 days.
How were Diamondback’s earnings last quarter?
Diamondback released its earnings results on Apr 30, 2024. The company reported $4.5 earnings per share for the quarter, beating the consensus estimate of $4.466 by $0.034.
Is Diamondback overvalued?
According to Wall Street analysts Diamondback’s price is currently Undervalued.
Does Diamondback pay dividends?
Diamondback pays a Quarterly dividend of $1.97 which represents an annual dividend yield of 4.03%. See more information on Diamondback dividends here
What is Diamondback’s EPS estimate?
Diamondback’s EPS estimate is $4.81.
How many shares outstanding does Diamondback have?
Diamondback has 178,343,730 shares outstanding.
What happened to Diamondback’s price movement after its last earnings report?
Diamondback reported an EPS of $4.5 in its last earnings report, beating expectations of $4.466. Following the earnings report the stock price went down -2.546%.
Which hedge fund is a major shareholder of Diamondback?
Among the largest hedge funds holding Diamondback’s share is Diamond Hill Capital Management Inc. It holds Diamondback’s shares valued at 249M.
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Diamondback Stock Smart Score
Neutral
1
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10
Analyst Consensus
Strong Buy
Average Price Target:
$213.11 (5.76% Upside)
$213.11 (5.76% Upside)
Blogger Sentiment
Bullish
FANG Sentiment 100%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Decreased
By 5.1M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $5.9M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▼ 0.4%
Last 30 Days ▲ 0.5%
Last 30 Days ▲ 0.5%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
64.50%
12-Months-Change
Fundamentals
Return on Equity
19.60%
Trailing 12-Months
Asset Growth
7.62%
Trailing 12-Months
Company Description
Diamondback
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 involves in the Midland and Delaware Basins. The company was founded in December 2007 and is headquartered in Midland, TX.
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FANG Company Deck
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FANG Earnings Call
Q1 2024
0:00 / 0:00
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FANG Revenue Breakdown
86.53% Oil sales
8.17% Natural gas liquid sales
3.11% Natural gas sales
1.32% Sales of purchased oil
0.87% Other operating income
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FANG Stock 12 Month Forecast
Average Price Target
$213.11
▲(5.76% Upside)
Best Analysts Covering FANG
1 Year
1 Year Success Rate
22/23 ratings generated profit
1 Year Average Return
+39.10%
reiterated a buy rating 4 months ago
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