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Diamondback Energy Inc

FANG.O

Latest Trade

73.88USD

Change

-0.92(-1.23%)

Volume

1,633,562

Today's Range

73.23

 - 

76.59

52 Week Range

23.63

 - 

88.75

As of on the NASDAQ ∙ Minimum 15 minute delay

Pricing

Previous Close
74.80
Open
75.54
Volume
1,633,562
3M AVG Volume
64.23
Today's High
76.59
Today's Low
73.23
52 Week High
88.75
52 Week Low
23.63
Shares Out (MIL)
170.14
Market Cap (MIL)
12,726.77
Forward P/E
10.09
Dividend (Yield %)
2.14

Next Event

Q1 2021 Diamondback Energy Inc Earnings Release

Latest Developments

More

Diamondback Energy Prices Offering Of Senior Notes

Iss Reaffirms Recommendation For Pending Acquisition Of Qep Resources By Diamondback Energy

Glazer Capital Announces It Has Voted Against The Proposed Acquisition Of Qep By Diamondback

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About Diamondback Energy Inc

Diamondback Energy, Inc. is an independent oil and natural gas company. The Company focuses on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. As of December 31, 2016, the Company's total net acreage position in the Permian Basin was approximately 105,894 net acres. As of December 31, 2016, the Company, through its subsidiary, Viper Energy Partners LP (Viper), owned mineral interests underlying approximately 107,568 gross acres primarily in Midland County, Texas in the Permian Basin. The Permian Basin area covers a portion of western Texas and eastern New Mexico. The Company's reserves are located in the Permian Basin of West Texas, in particular in the Clearfork, Spraberry, Wolfcamp, Cline, Strawn and Atoka formations. The Company refers to the Clearfork, Spraberry, Wolfcamp, Strawn and Atoka formations collectively as the Wolfberry play.

Industry

Oil & Gas Operations

Contact Info

500 WEST TEXAS, SUITE 1200

MIDLAND, TX

79701

United States

+1.405.4636900

https://ir.diamondbackenergy.com/

Executive Leadership

Steven E. West

Independent Chairman of the Board

Travis D. Stice

Chief Executive Officer, Director

Kaes Van't Hof

Chief Financial Officer and Executive Vice President - Business Development

Jennifer Soliman

Chief Human Resource Officer, Executive Vice President

Teresa L. Dick

Executive Vice President, Chief Accounting Officer, Assistant Secretary

Key Stats

1.84 mean rating - 32 analysts
Sell
Hold
Buy
Revenue (MM, USD)

2018

2.2K

2019

4.0K

2020

2.8K

2021(E)

4.6K
EPS (USD)

2018

5.870

2019

6.930

2020

3.040

2021(E)

7.410
Price To Earnings (TTM)
--
Price To Sales (TTM)
4.52
Price To Book (MRQ)
1.34
Price To Cash Flow (TTM)
--
Total Debt To Equity (MRQ)
66.12
LT Debt To Equity (MRQ)
63.95
Return on Investment (TTM)
-26.96
Return on Equity (TTM)
-23.58

Latest News

Latest News

DiamondBack Energy raises production outlook as oil prices pick up

DiamondBack Energy Inc on Monday raised its full-year production outlook as the shale oil and gas producer accounted for its acquisition of rival QEP Resources and benefited from a recovery in crude prices.

DiamondBack Energy sees uptick in output for first quarter

Shale oil and gas producer DiamondBack Energy Inc on Monday forecast first-quarter output to be higher than the preceeding quarter, helped by a rebound in crude prices from pandemic-driven lows.

QEP shareholder rejects Diamondback's proposed buyout offer

QEP Resources Inc shareholder Glazer Capital LLC on Tuesday rejected Diamondback Energy's proposed acquisition of QEP, calling the deal value "materially inadequate."

Key shareholder of energy producer QEP urges no vote on Diamondback deal

One of the top five shareholders in QEP Resources Inc plans to vote against its pending acquisition by Diamondback Energy Inc, saying a recent oil price rally makes the firm more valuable than the deal struck in December.

UPDATE 2-Shale producers see deep freeze hitting thousands of barrels of output

Permian-focused shale producers Diamondback Energy Inc, Cimarex Energy Co and Occidental Petroleum Corp on Monday said their first-quarter oil output will be hit by a recent winter storm that knocked out power to millions in Texas.

Shale producer DiamondBack's fourth-quarter adj. profit rises

Shale oil and gas producer DiamondBack Energy Inc on Monday reported a rise in fourth-quarter adjusted profit compared to the third quarter, as commodity prices rebounded above pre-pandemic levels on vaccine hopes.

Diamondback Energy spurs new U.S. shale consolidation with two deals

U.S. oil producer Diamondback Energy Inc on Monday agreed to buy two rivals for a combined $3.2 billion including debt, continuing a consolidation spurred by the coronavirus pandemic-induced oil downturn.

CORRECTED-UPDATE 3-Diamondback Energy spurs new U.S. shale consolidation with two deals

U.S. oil producer Diamondback Energy Inc on Monday agreed to buy two rivals for a combined $3.2 billion including debt, continuing a consolidation spurred by the coronavirus pandemic-induced oil downturn.

Diamondback Energy CEO sees no need for Permian Basin purchase

Diamondback Energy Inc's <FANG.N> Chief Executive Travis Stice said on Tuesday the shale producer sees no need to purchase a competitor following a wave of mergers in the Permian Basin, the top U.S. oil field.

Diamondback Energy, WPX post losses on virus hit

Shale drillers Diamondback Energy Inc <FANG.O> and WPX Energy Inc <WPX.N> reported third straight quarterly losses on Monday, as coronavirus-induced lockdowns hammered crude prices.

Diamondback Energy posts third straight quarterly loss

Oil and gas producer Diamondback Energy Inc posted a third straight quarterly loss on Monday, hit by a $1.45 billion impairment charge related to lower oil prices as the COVID-19 pandemic hammered demand for fuel and dented crude prices.

UPDATE 1-Diamondback Energy posts Q2 loss on $2.54 bln charge due to oil plunge

Diamondback Energy Inc on Monday posted a quarterly loss from a year-ago profit, as the Permian basin producer took a $2.54 billion impairment charge against its oil and gas properties after crude prices plummeted.

Diamondback Energy posts Q2 loss on $2.54 bln charge due to oil plunge

Permian basin producer Diamondback Energy Inc on Monday posted a quarterly loss from a year-ago profit, as it took a $2.54 billion impairment charge against its oil and gas properties after crude prices plummeted.

Shale producer Diamondback Energy cuts 2020 production forecast

Shale producer Diamondback Energy Inc on Tuesday cut its 2020 production forecast due to higher-than-expected curtailed volumes in the second quarter and volatile oil prices.

Diamondback Energy cuts 2020 production forecast

Shale producer Diamondback Energy Inc on Tuesday cut its 2020 production forecast due to higher-than-expected curtailed volumes in the second quarter and volatile oil prices.

Shale producers Diamondback, Parsley to cut May oil output

Diamondback Energy Inc <FANG.O> and Parsley Energy <PE.N> topped Wall Street profit estimates on Monday and said they plan to cut expected May oil output as the shale producers battle an unprecedented slump in oil prices and a global supply glut.

Diamondback Energy reports quarterly loss on $1 billion charge

Shale producer Diamondback Energy Inc reported a first-quarter loss on Monday due to a $1 billion charge and said it would cut 10% to 15% of expected May oil output as it battles an unprecedented slump in oil prices.

Diamondback Energy cuts 2020 production forecast

Oil and gas producer Diamondback Energy Inc cut its full-year 2020 production forecast by about 5% on Tuesday as it curtailed drilling activity and curbed spending to cope with a slump in oil prices.

Diamondback Energy cuts 2020 production forecast

Oil and gas producer Diamondback Energy Inc on Tuesday cut its full-year 2020 production forecast by about 5% as it curtailed drilling activity and curbed spending to cope with a slump in oil prices.

Shale producers Diamondback, Parsley to cut drilling as oil prices tumble

U.S. shale producers Diamondback Energy Inc and Parsley Energy Inc said they would scale back drilling as crude prices extended their free fall, marking on Monday their biggest daily plunge since the 1991 Gulf War.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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