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Diamondback (FANG)
NASDAQ:FANG
Diamondback (FANG) Stock Price & Analysis
3,473 Followers
FANG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$142.71 - $214.50
Previous Close$198.83
Volume1.06M
Average Volume (3M)1.39M
Market Cap
$35.46B
Enterprise Value$42.18B
Total Cash (Recent Filing)$979.00M
Total Debt (Recent Filing)$6.63B
Price to Earnings (P/E)11.2
Beta0.67
Next Earnings
Aug 05, 2024EPS Estimate
$4.5Last Dividend Ex-Date
May 14, 2024Dividend Yield4.67%
Share Statistics
EPS (TTM)17.74
Shares Outstanding178,343,733
10 Day Avg. Volume1,366,730
30 Day Avg. Volume1,387,865
Standard Deviation0.18
R-Squared0.32
Alpha0.00712
Financial Highlights & Ratios
Price to Book (P/B)2.05
Price to Sales (P/S)4.08
Price to Cash Flow (P/CF)5.20
P/FCF Ratio46.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.97
Enterprise Value/Gross Profit8.79
Enterprise Value/Ebitda6.61
Forecast
1Y Price Target
$222.60Price Target Upside11.41% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering13
Diamondback News
Bulls Say, Bears Say
Bulls Say
Mergers And AcquisitionsThe focus on closing the $26 billion acquisition of Endeavor will double production and leaseholds in the Midland Basin, positioning FANG as a dominant player in the region.
Operational EfficiencyContinued efficiency gains and management's commitment to maintain its plan have resulted in ongoing rig/frac crew reduction, enhancing FANG's well cost leadership in the Permian.
Production ForecastQ2 oil/total production is forecasted to surpass the high end of the guidance range and consensus estimates due to robust drilling and completion activity.
Bears Say
Debt And Interest ExpenseThe $5.5 billion in new debt raised in anticipation of the Endeavor deal is a burden to interest expense.
Shareholder ReturnsWith the announcement of the Endeavor acquisition, FANG decreased its shareholder returns payout from approximately 75% of free cash flow to 50%, as it strives to reduce pro-forma net debt.
Stock ValuationThe strategic logic and monetization opportunities of the Endeavor deal are largely reflected in FANG’s current share price, leaving minimal upside to fair value.
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Ownership Overview
7.76% Insiders
37.12% Mutual Funds
32.97% Other Institutional Investors
22.15% 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 $142.71 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 Aug 05, 2024 which is in 11 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 4.67%. See more information on Diamondback dividends here
What is Diamondback’s EPS estimate?
Diamondback’s EPS estimate is $4.5.
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 326M.
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Diamondback Stock Smart Score
Unlock Smart Score
1
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10
Analyst Consensus
Strong Buy
Average Price Target:
$222.60 (11.41% Upside)
$222.60 (11.41% Upside)
Blogger Sentiment
Bullish
FANG Sentiment 100%
Sector Average 73%
Sector Average 73%
Hedge Fund Trend
Increased
By 95.9K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $8.4M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 1.5%
Last 30 Days ▲ 0.6%
Last 30 Days ▲ 0.6%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
45.23%
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
$222.60
▲(11.41% Upside)
Technical Analysis
Best Analysts Covering FANG
1 Year
1 Year Success Rate
22/23 ratings generated profit
1 Year Average Return
+40.17%
reiterated a buy rating 7 months ago
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