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Diamondback (FANG)
NASDAQ:FANG
Holding FANG?
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FANG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$145.70 - $214.50
Previous Close$181.46
Volume2.14M
Average Volume (3M)2.25M
Market Cap
$52.59B
Enterprise Value$66.46B
Total Cash (Recent Filing)$451.00M
Total Debt (Recent Filing)$12.92B
Price to Earnings (P/E)10.3
Beta0.50
Next Earnings
Feb 25, 2025EPS Estimate
$3.52Last Dividend Ex-Date
Nov 14, 2024Dividend Yield5.97%
Share Statistics
EPS (TTM)17.46
Shares Outstanding291,989,194
10 Day Avg. Volume1,910,529
30 Day Avg. Volume2,250,524
Standard Deviation0.18
R-Squared0.31
Alpha0.00830
Financial Highlights & Ratios
Price to Book (P/B)1.42
Price to Sales (P/S)5.49
Price to Cash Flow (P/CF)10.90
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.96
Enterprise Value/Gross Profit13.85
Enterprise Value/Ebitda9.29
Forecast
1Y Price Target
$217.15Price Target Upside18.86% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering22
Diamondback News
Bulls Say, Bears Say
Bulls Say
Merger BenefitsThe Endeavor merger is expected to deliver significant free cash flow accretion, improve scale in the Midland Basin, and reduce cash operating costs by 5–10% per barrel of oil equivalent.
Operational EfficiencyFANG is realizing synergies ahead of schedule, with 4Q capex guidance 3% below consensus.
Shareholder ReturnsShareholder returns have been improving, with Diamondback Energy returning 78% of quarterly free cash flow to shareholders through dividends and share buybacks.
Bears Say
Commodity PricesCommodity price realizations are seen ~8% below consensus, which offsets the higher volumes.
Financial LeverageFinancial leverage is above some peers, with a long-term $6-8Bn net debt target over the next couple of years.
Free Cash FlowFree cash flow was below consensus due to one-time merger expenses, despite well-maintained capital expenditures.
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Ownership Overview
11.60% Insiders
18.74% Mutual Funds
9.29% Other Institutional Investors
39.30% 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 $145.70 and its highest was $214.50 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 Feb 25, 2025 which is in 95 days.
How were Diamondback’s earnings last quarter?
Diamondback released its earnings results on Nov 04, 2024. The company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $4.02 by -$0.64.
Is Diamondback overvalued?
According to Wall Street analysts Diamondback’s price is currently Undervalued.
Does Diamondback pay dividends?
Diamondback pays a Quarterly dividend of $0.9 which represents an annual dividend yield of 5.97%. See more information on Diamondback dividends here
What is Diamondback’s EPS estimate?
Diamondback’s EPS estimate is $3.52.
How many shares outstanding does Diamondback have?
Diamondback has 291,989,200 shares outstanding.
What happened to Diamondback’s price movement after its last earnings report?
Diamondback reported an EPS of $3.38 in its last earnings report, missing expectations of $4.02. Following the earnings report the stock price went down -2.298%.
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 372M.
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Diamondback Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$217.15 (18.86% Upside)
$217.15 (18.86% Upside)
Blogger Sentiment
Bullish
FANG Sentiment 95%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 463.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $2.3B over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 2.3%
Last 30 Days ▲ 19.5%
Last 30 Days ▲ 19.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
21.38%
12-Months-Change
Fundamentals
Return on Equity
11.92%
Trailing 12-Months
Asset Growth
134.40%
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
Q3 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
$217.15
▲(18.86% Upside)
Technical Analysis
Best Analysts Covering FANG
1 Year
1 Year Success Rate
22/24 ratings generated profit
1 Year Average Return
+33.98%
reiterated a buy rating 17 days ago
Copying Arun Jayaram's trades and holding each position for 1 Year would result in 91.67% of your transactions generating a profit, with an average return of +33.98% per trade.
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