|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||108.84 - 113.28|
|52 Week Range||85.19 - 140.78|
|Beta (3Y Monthly)||1.19|
|PE Ratio (TTM)||19.10|
|Earnings Date||Aug 6, 2019 - Aug 12, 2019|
|Forward Dividend & Yield||0.50 (0.47%)|
|1y Target Est||154.19|
The Midland, Texas-based pipeline company sold 38 million shares at $17.50 each, according to a statement Wednesday. Rattler was formed by Diamondback Energy Inc. to own, operate and acquire midstream assets in parts of the Permian Basin. Diamondback will retain about 76% of the voting rights in the company through Class B shares, according to the filing.
At close to 6%, the recent victor in the Anadarko wars sports its highest dividend yield in more than 16 years – more than in the energy-sector panic of early 2016 or the financial crisis. To be fair, Oxy’s yield has been higher than average for years. Besting Chevron Corp. was a big score for Oxy’s M&A crew (and corporate jet department) but has, up to this point, been a disaster for valuation.
It's been a rather green day on Wall Street as all three major indexes are positive. The Dow Jones is up over 150 points while the S&P 500 is up 0.84%. Among the stocks traders are watching include Apple Inc. (NASDAQ:AAPL), Biogen Inc. (NASDAQ:BIIB), Amgen, Inc. (NASDAQ:AMGN), Deckers Outdoor Corp (NASDAQ:DECK), and Diamondback Energy Inc (NASDAQ:FANG). Let's analyze why each stock is […]
Diamondback Energy Inc (NASDAQ: FANG)'s share price has appreciated 3.5 percent over the past month, outperforming the S&P 500. The hydrocarbon exploration company has cash remaining after allocating maintenance capital for growth projects and cash returns, Sen said in a Tuesday note.
For a more comprehensive IPO calendar, check out the offering in Benzinga Cloud . The IPO dates below are expected but not confirmed. Bicycle Therapeutics Ltd (BCYC) will issue more than 4.33 million shares ...
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...
Permian pure play Diamondback Energy (FANG) reported better-than-expected first-quarter earnings. Meanwhile, refiner Marathon Petroleum (MPC) swung to a surprise loss.
MIDLAND, Texas, May 13, 2019 -- Rattler Midstream LP ("Rattler"), a subsidiary of Diamondback Energy, Inc. (Nasdaq: FANG) ("Diamondback"), and Diamondback today announced the.
Diamondback Energy's (FANG) production of oil and natural gas averaged 262.6 thousand barrels of oil equivalent per day (68% oil), up 156% from the year-ago quarter.
Although WTI prices are still in the low $60's per barrel, the sector has experienced a resurgence in M&A speculation thanks to Chevron's first bid for Anadarko and Occidental's later higher bid for Anadarko. While many analysts don't believe Chevron will engage in a bidding war for Anadarko perhaps due to Warren Buffett's $10 billion backing of the […]
Stocks that moved substantially or traded heavily on Wednesday: Zayo Group Holdings Inc., up $2.38 to $33 The fiber optic infrastructure company said it is being bought by Digital Colony and EQT for $14.3 ...
"After closing the Energen acquisition in the fourth quarter of 2018, we ensured that Diamondback get off to a fast start in 2019 and showcase the strength of our operations organization and low-cost structure on a larger scale. During the first quarter of 2019, we successfully integrated the addition of almost 300 employees and displayed our best in class execution metrics on a larger capital plan," said CEO Travis Stice. The mixed earnings were offset, however, by the company's announcement of a $2 billion share buyback plan that will return value to existing shareholders by reducing the number of outstanding shares the company trades.
Judging from the reaction to Diamondback Energy Inc.’s new $2 billion repurchase program, though, investors don’t necessarily see it that way. Diamondback is absorbing its own big deal, the takeover of Energen Corp., which closed in November. First-quarter results, released Tuesday evening, suggest it is progressing well, with Diamondback beating the consensus earnings forecast and meeting expectations on production despite capital expenditure coming in a bit lower than anticipated.
Shares of Diamondback Energy surge after the U.S. oil and gas driller reports strong first-quarter earnings and announces a $2 billion stock buyback program. The results come amid a bidding war for Anadarko Petroleum, another Permian Basin player, that has investors speculating about more dealmaking. Diamondback is answering calls by investors for U.S. shale drillers to return more value to shareholders.
Diamondback (FANG) delivered earnings and revenue surprises of 2.21% and -1.27%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Midland, Texas-based company said it had profit of 6 cents. Earnings, adjusted for non-recurring costs, were $1.39 per share. The results beat Wall Street expectations. The average ...