DIAMONDBACK ENERGY INC (FANG) Stock Price, Forecast & Analysis
USA - NASDAQ:FANG - US25278X1090 - Common Stock
FANG Key Statistics, Chart & Performance
The current stock price of FANG is 149.2 USD. In the past month the price increased by 7.27%. In the past year, price decreased by -15.52%.
FANG Latest News, Press Relases and Analysis
FANG Competitors/Peers
Symbol | Company Name | TA | FA | PE | Market Cap |
|---|---|---|---|---|---|
| COP | CONOCOPHILLIPS | 12.87 | 114.12B | ||
| EOG | EOG RESOURCES INC | 10.38 | 60.28B | ||
| EQT | EQT CORP | 21.09 | 37.38B | ||
| EXE | EXPAND ENERGY CORP | 25.28 | 27.93B | ||
| TPL | TEXAS PACIFIC LAND CORP | 49.4 | 23.50B | ||
| DVN | DEVON ENERGY CORP | 8.43 | 22.75B | ||
| CTRA | COTERRA ENERGY INC | 12.08 | 20.10B | ||
| VG | VENTURE GLOBAL INC-CL A | 10.23 | 19.38B | ||
| VNOM | VIPER ENERGY INC-CL A | 21.56 | 12.38B | ||
| PR | PERMIAN RESOURCES CORP | 9.4 | 11.33B | ||
| AR | ANTERO RESOURCES CORP | 18.47 | 10.61B | ||
| OVV | OVINTIV INC | 8.12 | 10.04B |
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About FANG
Company Profile
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. The company is headquartered in Midland, Texas and currently employs 1,983 full-time employees. The company went IPO on 2012-10-17. The firm's activities are primarily directed at the horizontal development of the Wolfcamp and Spraberry formations in the Midland Basin and the Wolfcamp and Bone Spring formations in the Delaware Basin within the Permian Basin. Its subsidiary, Viper Energy, Inc., is focused on owning and acquiring mineral interests and royalty interests in oil and natural gas properties primarily in the Permian Basin and derives royalty income and lease bonus income from such interests. The firm has approximately 859,203 net acres, which primarily consists of 742,522 net acres in the Midland Basin and 116,681 net acres in the Delaware Basin. Its subsidiaries include Diamondback E&P LLC, Rattler Midstream GP LLC, Rattler Midstream LP and QEP Resources, Inc.
Company Info
DIAMONDBACK ENERGY INC
500 West Texas Avenue, Suite 100
Midland TEXAS 79701 US
CEO: Travis D. Stice
Employees: 1983
Phone: 14322217400
DIAMONDBACK ENERGY INC / FANG FAQ
What does DIAMONDBACK ENERGY INC do?
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. The company is headquartered in Midland, Texas and currently employs 1,983 full-time employees. The company went IPO on 2012-10-17. The firm's activities are primarily directed at the horizontal development of the Wolfcamp and Spraberry formations in the Midland Basin and the Wolfcamp and Bone Spring formations in the Delaware Basin within the Permian Basin. Its subsidiary, Viper Energy, Inc., is focused on owning and acquiring mineral interests and royalty interests in oil and natural gas properties primarily in the Permian Basin and derives royalty income and lease bonus income from such interests. The firm has approximately 859,203 net acres, which primarily consists of 742,522 net acres in the Midland Basin and 116,681 net acres in the Delaware Basin. Its subsidiaries include Diamondback E&P LLC, Rattler Midstream GP LLC, Rattler Midstream LP and QEP Resources, Inc.
Can you provide the latest stock price for DIAMONDBACK ENERGY INC?
The current stock price of FANG is 149.2 USD. The price increased by 3.34% in the last trading session.
Does FANG stock pay dividends?
DIAMONDBACK ENERGY INC (FANG) has a dividend yield of 2.77%. The yearly dividend amount is currently 6.72.
What is the ChartMill technical and fundamental rating of FANG stock?
FANG has a ChartMill Technical rating of 4 out of 10 and a ChartMill Fundamental rating of 5 out of 10.
What is the analyst forecast for FANG stock?
38 analysts have analysed FANG and the average price target is 184.95 USD. This implies a price increase of 23.96% is expected in the next year compared to the current price of 149.2.
How is the valuation of DIAMONDBACK ENERGY INC (FANG) based on its PE ratio?
The PE ratio for DIAMONDBACK ENERGY INC (FANG) is 10.71. This is based on the reported non-GAAP earnings per share of 13.93 and the current share price of 149.2 USD.
Is DIAMONDBACK ENERGY INC (FANG) stock a good buy?
This depends on your investment goals. Check the Technical and Fundamental Analysis tabs for insights on FANG.
FANG Technical Analysis
ChartMill assigns a technical rating of 4 / 10 to FANG. When comparing the yearly performance of all stocks, FANG is a bad performer in the overall market: 69.52% of all stocks are doing better.
FANG Fundamental Analysis
ChartMill assigns a fundamental rating of 5 / 10 to FANG. While FANG belongs to the best of the industry regarding profitability, there are concerns on its financial health.
FANG Financial Highlights
Over the last trailing twelve months FANG reported a non-GAAP Earnings per Share(EPS) of 13.93. The EPS decreased by -18.73% compared to the year before.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PM (TTM) | 27.2% | ||
| ROA | 5.48% | ||
| ROE | 10.69% | ||
| Debt/Equity | 0.41 |
FANG Forecast & Estimates
38 analysts have analysed FANG and the average price target is 184.95 USD. This implies a price increase of 23.96% is expected in the next year compared to the current price of 149.2.
For the next year, analysts expect an EPS growth of -17.89% and a revenue growth 36.06% for FANG