FANG - Diamondback Energy, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
89.54
-1.20 (-1.32%)
At close: 4:00PM EST
Stock chart is not supported by your current browser
Previous Close90.74
Open90.89
Bid89.20 x 1400
Ask89.55 x 800
Day's Range89.31 - 91.65
52 Week Range73.18 - 114.14
Volume1,930,394
Avg. Volume2,132,633
Market Cap14.366B
Beta (5Y Monthly)0.85
PE Ratio (TTM)13.35
EPS (TTM)6.71
Earnings DateFeb 17, 2020
Forward Dividend & Yield0.75 (0.84%)
Ex-Dividend DateNov 12, 2019
1y Target Est124.91
  • Oil Drillers Add Rigs in Permian Basin and Eagle Ford Shale
    Zacks

    Oil Drillers Add Rigs in Permian Basin and Eagle Ford Shale

    Domestic drillers may again remove rigs since explorers have a conservative capital budget in place and have decided to curb spending on drilling new wells.

  • Diamondback Energy (FANG) Stock Sinks As Market Gains: What You Should Know
    Zacks

    Diamondback Energy (FANG) Stock Sinks As Market Gains: What You Should Know

    Diamondback Energy (FANG) closed the most recent trading day at $89.54, moving -1.32% from the previous trading session.

  • Oil & Gas US E&P Outlook: Bullish Signals Abound
    Zacks

    Oil & Gas US E&P Outlook: Bullish Signals Abound

    Oil & Gas US E&P; Outlook: Bullish Signals Abound

  • Barrons.com

    Oil Companies Are Finally Pumping Out Cash. That's Good News for Their Stocks.

    Free cash flow used to be a rare commodity among oil and gas stocks, but companies have gotten the message that investors won’t buy stocks that don’t produce it.

  • The Zacks Analyst Blog Highlights: Callon Petroleum, Diamondback Energy, Pioneer Natural Resources and Concho Resources
    Zacks

    The Zacks Analyst Blog Highlights: Callon Petroleum, Diamondback Energy, Pioneer Natural Resources and Concho Resources

    The Zacks Analyst Blog Highlights: Callon Petroleum, Diamondback Energy, Pioneer Natural Resources and Concho Resources

  • US Oil Drillers Spend Conservatively: Rig Count Slides Again
    Zacks

    US Oil Drillers Spend Conservatively: Rig Count Slides Again

    Domestic drillers may continue to remove rigs since explorers have a conservative capital budget in place and have decided to curb spending on the drilling of new wells.

  • Barrons.com

    The Dow Drops 60 Points After Briefly Hitting a Record High

    The Dow Jones Industrial Average lost 60 points, or 0.21%. The S&P 500 dropped 0.02%, and the Nasdaq Composite was down 0.02% as well.

  • US Shale Drillers to Pump Up More Returns in 2020: 4 Gainers
    Zacks

    US Shale Drillers to Pump Up More Returns in 2020: 4 Gainers

    Given that shale drillers will probably generate handsome free cashflows in 2020, it would be ideal to keep an eye on the following Permian explorers that are poised to gain.

  • Diamondback & Unit Viper Energy Posts Robust Q4 Volumes
    Zacks

    Diamondback & Unit Viper Energy Posts Robust Q4 Volumes

    Diamondback's (FANG) 2019 average daily production rose 27% to 283 MBOE/D from 221.1 MBOE/D in 2018 with oil volumes increasing 26% year over year.

  • Sony, Funko, EOG Resources, Diamondback Energy and Chevron highlighted as Zacks Bull and Bear of the Day
    Zacks

    Sony, Funko, EOG Resources, Diamondback Energy and Chevron highlighted as Zacks Bull and Bear of the Day

    Sony, Funko, EOG Resources, Diamondback Energy and Chevron highlighted as Zacks Bull and Bear of the Day

  • Viper Energy's (VNOM) Q4 Production Rises 29% Year Over Year
    Zacks

    Viper Energy's (VNOM) Q4 Production Rises 29% Year Over Year

    Viper Energy Partners' (VNOM) full-year 2019 production averages 21.5 MBoe/d, reflecting almost 25% rise from the year-ago level.

  • Energy Stocks To Buy On The Oil Upswing
    Zacks

    Energy Stocks To Buy On The Oil Upswing

    Energy Stocks To Buy On The Oil Upswing

  • GlobeNewswire

    Diamondback Energy, Inc. Provides Fourth Quarter 2019 Production Update and Schedules Fourth Quarter 2019 Conference Call for February 19, 2020

    MIDLAND, Texas, Jan. 07, 2020 -- Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the "Company") today announced that its average daily production for the fourth.

  • GlobeNewswire

    Rattler Midstream LP, a Subsidiary of Diamondback Energy, Inc., Schedules Fourth Quarter 2019 Conference Call for February 19, 2020

    MIDLAND, Texas, Jan. 07, 2020 -- Rattler Midstream LP (NASDAQ: RTLR) (“Rattler”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that.

  • Oil Drillers Keep Removing Rigs From Permian & Cana Woodford
    Zacks

    Oil Drillers Keep Removing Rigs From Permian & Cana Woodford

    Domestic drillers may continue to remove rigs since explorers have a conservative capital budget in place and have decided to curb spending on drilling new wells.

  • Credit Suisse: These 3 Energy Stocks Are Top Picks For 2020
    TipRanks

    Credit Suisse: These 3 Energy Stocks Are Top Picks For 2020

    Napoleon Bonaparte once said that his army marched on its stomach – by which he meant, of course, that no amount of military genius would help him if he let his troops outrun their supply wagons. Food and water are as important as guns and ammunition to an army.By analogy, our economy marches on oil. Factories and power plants, cars and trucks, computers and smartphones – none of them run by themselves, they all need a source of energy. Which puts energy companies – and the investors who buy their stocks – in a potentially enviable position. They occupy a “necessary niche,” one that customers will always need, in good times or bad, booms or busts.International banking firm Credit Suisse has released a year-end report on their favorite energy stocks, those that the firm’s analysts believe have potential to lead their sector in growth for 2020. Hindsight being perfect, we won't know the actual results until next December – but we can analyze the companies and their market positions, and make intelligent estimates of near-term performance.This is where TipRanks, a company that tracks and measures the performance of Wall Street’s financial analysts, offers an invaluable service. In addition to tracking the analysts, TipRanks also collects and collates data on more than 6,400 publicly traded stocks. A variety of search and filter tools, from the classic Stock Screener tool are available to make it easy to use the raw data.We’ve gotten the process started for you, by pulling up the information on three of Credit Suisse’s top 2020 energy plays.Sunrun, Inc. (RUN)Sustainability is all the rage in energy, as environmentalists, activists, investors, and just plain old concerned citizens want to ensure a cleaner future. New tech has made it possible to extract fossil fuels from previously marginal reserves, and scrubbers exist to keep pollutants from the air – but drilling and burning still do environmental damage. Solar energy is one option as providers and customers consider switching, and here, too, new technology has improved the available choices. Sunrun, a company providing residential solar options, is clear example.Sunrun offers customers three choices for adding solar power generation to their homes: a lease model, in which the company installs and owns photoelectric panels, and the customer uses the power generated to reduce electricity bills; a model, in which solar panels charge batteries which are then used to reduce grid power use during peak rate hours – or replace it during an outage; and a purchase system, in which the customer buys solar power generation technology, has it installed, and enjoys the benefits.The company has leveraged demand for its products to produce quarterly profits since Q2 2019, and build up a $1.63 billion market cap. Sunrun’s Q3 earnings, reported in November, missed the forecasts but showed strong year-over-year gains. EPS was up to 23 cents, from a 2-cent loss the year before, while revenues gained 5% year-over-year to hit $215.5 million.Credit Suisse’s Michael Weinstein makes RUN stock a ‘top pick,’ writing, “We expect them to grow deployments >15%/yr... RUN continues to retain the highest market share (16.2%) with robust project profitability ($1/W NPV), cash generation ~$100M annually, and a $50M stock buyback program over the next three years.”Weinstein puts a $24 price target on RUN, suggesting an impressive upside potential of 73% for the stock. (To watch Weinstein’s track record, click here)Sunrun has a Strong Buy rating from the analyst consensus, with 4 Wall Street reviewers giving the stock a Buy rating during Q4 2019. The stock sells for just $13.81, so even the low-ball price target of $18 would represent significant gains for investors. The average price target, $22, implies a strong upside of 58%. (See Sunrun stock analysis at TipRanks)Diamondback Energy (FANG)Texas is the epicenter of the American oil boom, and Diamondback is a mid-sized player in the rich Permian Basin in the western part of the states. The company engages in oil exploration and drilling operations, and produces more than 130,000 barrels of oil equivalent per day. Diamondback, while not an industry giant, is playing an important part in the Texan fracking industry that has in recent years made the US the world’s largest oil producer.Low prices, however, can hurt even the strongest companies. The low-price regime that dominated 2019’s oil market held FANG to a mere 1% gain for the year. The Q3 numbers, reported in November, showed the result – earnings were down, both year-over-year and against the estimates, even though revenues were up. Increased production did not quite make up for the lower product prices. Put into numbers, the EPS was still strong at $1.47, and revenues reached $975 million.FANG paid out a dividend of 18.75 cents per share, for an annualized payout of 75 cents and a decidedly modest yield of 0.81%. That yield is roughly half the sector average – but it is reliable, as FANG has been maintaining or raising the dividend for the last two years, and with a payout ratio of just 12%, it is easily sustainable.Company management recently revised down their 2020 production guidance, putting it into line with 2019’s actual numbers – and the company underperformed the sector last year. Credit Suisse analyst Betty Jiang looked at management’s action and sees in it reason to believe that FANG will improve performance in the coming year. She writes, “While management has made a concerted effort (with much improved disclosure) to explain the factors that drove the downward revision, we continue to field questions on the impact of co-development on 2020 well productivity and perhaps more importantly, whether this is truly a one-time reset (our answer is “yes”)... Based on our work, we believe FANG’s revised 2020 production is achievable while they will likely continue to be successful in driving down costs.”Jiang puts a $116 price target on FANG shares, showing her confidence in a 25% growth potential. (To watch Jiang’s track record, click here)The analyst consensus on FANG is not unanimous, but almost. The Strong Buy consensus rating is supported by 15 Buys against a single Hold – Wall Street is sanguine about this stock. Shares sell for $91.67, and the average price target of $122.27 indicates an upside of 31%. (See Diamondback stock analysis at TipRanks)Baker Hughes Company (BKR)With Baker Hughes, we move power sources (solar or crude oil) to support services. BKR is an oilfield services company, offering the specialized tech and engineering knowledge and tools that the oil and gas industry needs. Baker Hughes’ services allow exploration companies to evaluate area geology, complete wells, and support drilling operations. The company offers support in the upstream, midstream, and downstream segments of the industry.Two key numbers from 2018 show both the scale and headwinds of the oil industry. Baker Hughes brought in over $22.8 billion in revenues that year – but showed a net income of just $195 million. The oil industry may have a captive audience for its products, and generate large amounts of cash, but high overhead and variable market prices cut deeply into margins.Last fall, BKR entered into a partnership with C3.ai and Microsoft, a three-way joint venture to develop ai cloud-based AI software solutions for the oil industry. The three companies are leaders in their sectors, and bring together high-end expertise in oilfield support, cloud computing, and AI software. Baker Hughes CEO Lorenzo Simonelli described the venture as “a singular offering that can accelerate digital transformation across the sector, energy businesses can now draw on the power of Microsoft’s cloud, C3.ai’s leading AI capabilities, and Baker Hughes’s expertise in the energy industry.”Just two weeks before announcing the partnership, BKR had reported strong Q3 earnings. Revenues and EPS both gained year-over-year, with the top line hitting $5.88 billion and EPS coming in at 21 cents. During the quarter BKR also improved its free cash flow, generating an FCF of $161 million.Jacob Lundberg, reviewing the stock for Credit Suisse, took a bullish stance, writing, “We met with C3.ai’s Tom Siebel at the company’s headquarters in Redwood City, CA, to learn more about C3’s technology and its partnership with BKR. We walked away from the meetings more bullish on the prospects for BKR to drive a meaningful and sustainable competitive advantage… stemming from its early adoption of and exclusive access to C3’s technology… the directional impact is clearly positive.”Lundberg put a $28 price target on BKR, backing up a Buy rating. His target suggests a 9% upside to BKR stock. (To watch Lundberg’s track record, click here)BKR is another stock with a unanimous Strong Buy consensus rating, this one backed by 9 recent Buy reviews. The $29 average price target suggests an upside premium of 14% from the $25.43 current share price. (See Baker Hughes stock analysis at TipRanks)

  • The Diamondback Energy (NASDAQ:FANG) Share Price Is Up 59% And Shareholders Are Holding On
    Simply Wall St.

    The Diamondback Energy (NASDAQ:FANG) Share Price Is Up 59% And Shareholders Are Holding On

    The simplest way to invest in stocks is to buy exchange traded funds. But the truth is, you can make significant gains...

  • Benzinga

    An ETF For A Sector Analysts Are Bullish On Heading Into 2020

    The Energy Select Sector SPDR (NYSE: XLE), the largest exchange traded fund dedicated to that sector, is up just 8% in 2019 with about half that gain being accrued just this month. Whether it's the December uptick in the energy sector or the group's status as a value destination, analysts are bullish on the sector heading into 2020. “At the sector level, analysts are most optimistic on the Energy (66%), Health Care (59%), and Communication Services (59%) sectors, as these three sectors have highest percentages of Buy ratings,” according to FactSet research.

  • Drillers Remove Oil Rigs in Permian and Cana Woodford Basins
    Zacks

    Drillers Remove Oil Rigs in Permian and Cana Woodford Basins

    Domestic drillers may continue to remove rigs since explorers have a conservative capital budget in place and have decided to curb spending on drilling new wells.

  • Top stock picks for 2020: The best of the biggest
    MarketWatch

    Top stock picks for 2020: The best of the biggest

    DEEP DIVE (This is the first in a three-part series listing highly rated stocks that sell-side analysts expect to rise the most over the next 12 months. This article covers large-cap stocks. Part 2 covers mid-cap stocks and part 3 covers small-caps.

  • GuruFocus.com

    Oakmark Is Betting on Energy for 2020

    Famous investing firm Oakmark is focusing on these 3 energy companies Continue reading...

  • The 3 Most Popular Value Investor Podcasts of 2019
    Zacks

    The 3 Most Popular Value Investor Podcasts of 2019

    What tips, screens and stocks were value investors most interested in in 2019? Here are the most popular podcasts of the year.

  • Here are Wall Street’s favorite stocks for an oil-sector recovery in 2020
    MarketWatch

    Here are Wall Street’s favorite stocks for an oil-sector recovery in 2020

    DEEP DIVE The energy sector has been the weakest performer in the S&P 500 Index this year, and it has been out of favor for a long time. The world oil market has changed, with the U.S. now the largest producer, with exports outweighing imports.

  • Diamondback Energy Inc (FANG) vs. Hedge Fund Favorites in 2019
    Insider Monkey

    Diamondback Energy Inc (FANG) vs. Hedge Fund Favorites in 2019

    Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before last year's Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the […]

  • The Zacks Analyst Blog Highlights: Diamondback Energy, Concho, Callon and Parsley Energy
    Zacks

    The Zacks Analyst Blog Highlights: Diamondback Energy, Concho, Callon and Parsley Energy

    The Zacks Analyst Blog Highlights: Diamondback Energy, Concho, Callon and Parsley Energy