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Diamondback (FANG)
NASDAQ:FANG
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FANG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$143.08 - $214.50
Previous Close$179.77
Volume881.70K
Average Volume (3M)1.40M
Market Cap
$53.33B
Enterprise Value$59.23B
Total Cash (Recent Filing)$6.99B
Total Debt (Recent Filing)$11.98B
Price to Earnings (P/E)9.0
Beta0.58
Next Earnings
Nov 04, 2024EPS Estimate
$4.68Last Dividend Ex-Date
Aug 15, 2024Dividend Yield6.16%
Share Statistics
EPS (TTM)19.34
Shares Outstanding178,394,452
10 Day Avg. Volume1,864,974
30 Day Avg. Volume1,399,676
Standard Deviation0.18
R-Squared0.31
Alpha0.00675
Financial Highlights & Ratios
Price to Book (P/B)1.84
Price to Sales (P/S)3.37
Price to Cash Flow (P/CF)5.00
P/FCF Ratio9.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.39
Enterprise Value/Gross Profit12.34
Enterprise Value/Ebitda8.22
Forecast
1Y Price Target
$228.53Price Target Upside26.70% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering19
Diamondback News
PremiumCompany Announcements
Diamondback’s Strategic Merger Bolsters Position in Oil MarketBulls Say, Bears Say
Bulls Say
Efficiency GainsWith continued operational execution and improved efficiency gains, FANG enhanced its 2024 standalone outlook with oil production guidance increased by 0.7% while lowering its total capex by 1.0%.
Operational PerformanceFANG delivered yet another exceptional operating quarter.
Production GuidanceFANG raised F2024 volume guidance by ~4% at the mid-point and now expects full-year oil production at 273 – 276 Mboe/d.
Bears Say
DebtThe $5.5bn in new debt raised in anticipation of the Endeavor deal is a burden to interest expense.
Shareholder ReturnsFANG decreased its shareholder returns payout from ~75% of FCF to 50% of FCF, as it strives to reduce pro-forma net debt.
ValuationThe strategic logic and monetization opportunities of the deal are largely reflected in FANG’s current share price, leaving minimal upside to fair value.
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Ownership Overview
5.08% Insiders
22.35% Mutual Funds
27.37% Other Institutional Investors
45.21% 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 $143.08 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 Nov 04, 2024 which is in 46 days.
How were Diamondback’s earnings last quarter?
Diamondback released its earnings results on Aug 05, 2024. The company reported $4.52 earnings per share for the quarter, beating the consensus estimate of $4.498 by $0.022.
Is Diamondback overvalued?
According to Wall Street analysts Diamondback’s price is currently Undervalued.
Does Diamondback pay dividends?
Diamondback pays a Quarterly dividend of $2.34 which represents an annual dividend yield of 6.16%. See more information on Diamondback dividends here
What is Diamondback’s EPS estimate?
Diamondback’s EPS estimate is $4.68.
How many shares outstanding does Diamondback have?
Diamondback has 295,694,460 shares outstanding.
What happened to Diamondback’s price movement after its last earnings report?
Diamondback reported an EPS of $4.52 in its last earnings report, beating expectations of $4.498. Following the earnings report the stock price went up 2.443%.
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 344M.
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Diamondback Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$228.53 (26.70% Upside)
$228.53 (26.70% Upside)
Blogger Sentiment
Bullish
FANG Sentiment 95%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 43.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $10.9M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▲ 0.1%
Last 30 Days ▲ 0.2%
Last 30 Days ▲ 0.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
22.56%
12-Months-Change
Fundamentals
Return on Equity
20.94%
Trailing 12-Months
Asset Growth
29.18%
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
Q2 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
$228.53
▲(26.70% Upside)
Technical Analysis
Best Analysts Covering FANG
1 Year
1 Year Success Rate
22/23 ratings generated profit
1 Year Average Return
+35.27%
reiterated a buy rating 8 months ago
Copying Arun Jayaram's trades and holding each position for 1 Year would result in 95.65% of your transactions generating a profit, with an average return of +35.27% per trade.
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