FANG - Diamondback Energy, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
97.26
+1.45 (+1.51%)
At close: 4:00PM EDT
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Previous Close95.81
Open95.97
Bid0.00 x 1200
Ask0.00 x 800
Day's Range95.58 - 97.83
52 Week Range85.19 - 140.78
Volume1,318,151
Avg. Volume1,640,098
Market Cap15.858B
Beta (3Y Monthly)1.24
PE Ratio (TTM)16.35
EPS (TTM)5.95
Earnings DateNov 4, 2019 - Nov 8, 2019
Forward Dividend & Yield0.75 (0.78%)
Ex-Dividend Date2019-08-15
1y Target Est147.89
Trade prices are not sourced from all markets
  • Thomson Reuters StreetEvents

    Edited Transcript of FANG earnings conference call or presentation 7-Aug-19 2:00pm GMT

    Q2 2019 Diamondback Energy Inc Earnings Call

  • Top Research Reports: Amazon, Caterpillar, Vertex & More
    Zacks

    Top Research Reports: Amazon, Caterpillar, Vertex & More

    Top Research Reports: Amazon, Caterpillar, Vertex & More

  • Oil & Gas Stock Roundup: Eni, TC Energy, Pioneer Natural Q2 Earnings
    Zacks

    Oil & Gas Stock Roundup: Eni, TC Energy, Pioneer Natural Q2 Earnings

    Eni (E) reported comprehensive earnings miss, TC Energy's (TRP) bottom line matched the Zacks Consensus Estimate, while Pioneer Natural Resources (PXD) outperformed our profit projection.

  • GuruFocus.com

    Diamondback Energy Inc (FANG) CEO Travis D. Stice Bought $399,972 of Shares

    CEO of Diamondback Energy Inc (30-Year Financial, Insider Trades) Travis D. Stice (insider trades) bought 4,186 shares of FANG on 08/09/2019 at an average price of $95.55 a share. Continue reading...

  • Why We’re Not Impressed By Diamondback Energy, Inc.’s (NASDAQ:FANG) 5.7% ROCE
    Simply Wall St.

    Why We’re Not Impressed By Diamondback Energy, Inc.’s (NASDAQ:FANG) 5.7% ROCE

    Today we'll look at Diamondback Energy, Inc. (NASDAQ:FANG) and reflect on its potential as an investment. To be...

  • Diamondback Energy Inc (FANG) Q2 2019 Earnings Call Transcript
    Motley Fool

    Diamondback Energy Inc (FANG) Q2 2019 Earnings Call Transcript

    FANG earnings call for the period ending June 30, 2019.

  • Stock Market News for Aug 07, 2019
    Zacks

    Stock Market News for Aug 07, 2019

    Major indexes closed in the green on Tuesday after China's central bank stepped in to contain the fall in the Chinese currency.

  • Diamondback's (FANG) Q2 Earnings Miss on Weak Gas Prices
    Zacks

    Diamondback's (FANG) Q2 Earnings Miss on Weak Gas Prices

    Diamondback (FANG) now forecasts full-year output in the range of 277-284 MBOE/d (58-70% oil) versus prior guidance of 272-287 MBOE/d.

  • Bloomberg

    Latest Permian Driller Earnings Show Shale Play Is Still Booming

    (Bloomberg) -- The latest crop of earnings from Permian Basin drillers shows how production continues to boom in America’s hottest oil patch.On Tuesday, Devon Energy Corp., Diamondback Energy Inc. and Parsley Energy Inc. boosted their projected output for this year while signaling they may spend a little less than previously forecast, according to earnings statements. The rosier picture contrasts with reports last week that sent Concho Resources Inc. and Whiting Petroleum Corp. plunging after they lowered growth expectations.Shareholders are demanding explorers practice frugality and deliver better returns, which have typically been poor across the shale patch. At the same time, the Permian has suffered some growing pains with the excessive waste of natural gas, not enough pipelines and troubles with well spacing that’s crimping output for some producers like Concho.Parsley soared as much as 17% in post-market trading, while Diamondback edged 0.3% lower and Devon fell as much 3.1%.\--With assistance from David Wethe.To contact the reporter on this story: Ryan Collins in Houston at rcollins74@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Carlos CaminadaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Diamondback Energy (FANG) Lags Q2 Earnings and Revenue Estimates
    Zacks

    Diamondback Energy (FANG) Lags Q2 Earnings and Revenue Estimates

    Diamondback (FANG) delivered earnings and revenue surprises of -2.30% and -1.38%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Key Factors to Impact Ring Energy (REI) This Earnings Season
    Zacks

    Key Factors to Impact Ring Energy (REI) This Earnings Season

    While significant output growth is expected to buoy Ring Energy's (REI) second-quarter 2019 earnings, weaker y/y commodity prices may dent overall results.

  • Bad Week for Energy Stocks? Wait Till Next Year
    Bloomberg

    Bad Week for Energy Stocks? Wait Till Next Year

    (Bloomberg Opinion) -- One word to describe this week in energy stocks is “painful.” Another is prologue.Energy stocks were not particularly popular coming into this week anyway. To one degree or another, they were losing the confidence of investors that they will manage their capital responsibly and profitably.Now their deserved reputation for squeezing ever more oil and gas out of shale has also taken a big knock. Concho Resources Inc. plunged 22% on Thursday, to its lowest level since the panic of early 2016, after it cut guidance and revealed weak results from an experimental project of drilling wells much closer together than usual. Other Permian producers, such as Diamondback Energy Inc., also took a hit on fears this reflects a shale-productivity issue, rather than just a Concho issue. It’s sobering to think that Concho, valued at more than $23 billion in the spring of 2018 and having since absorbed the $7.6 billion purchase of RSP Permian Inc., now sports a market cap of less than $16 billion.Meanwhile, the industry also has a problem with a man who is nominally its champion: President Donald Trump. His offhand tweet-threat of more tariffs on Chinese goods on Thursday afternoon took what was already a flaming dumpster fire, hitched it to a truck and took it straight over a precipice (the Federal Reserve’s quarter-point rate cut fading quickly in the rear-view).Trust, trip-ups, Trump. They seem like separate problems for the sector, but they actually add up to the same problem: cost of capital.Equity and bond issuance has faltered across the energy sector. Services giant Schlumberger Ltd., which has talked consistently of a recovery for several years, just changed its CEO, and its stock languishes around levels plumbed during the financial crisis. The pipeline sector, meanwhile, is undergoing a painful transformation away from the once-dominant (and so hot) master limited partnership structure. Missed expectations there are punished swiftly, while good behavior is rewarded with a stable, rather than surging, stock price.Concho’s problems with its “Dominator” project affected only a small minority of the wells it has drilled so far this year. But investor tolerance for wasted capital – as well as sharp revisions to guidance given only a few months ago – has evaporated. When Pioneer Natural Resources Co. surprised in mid-2017 with a snafu of its own, its stock was trading at parity with the market and a one-third premium to the sector in terms of Ebitda multiple. It never recovered that poise. Today, it trades below both.Many companies in an industry predicated on growth are struggling to make the pivot to prioritizing return on capital and shareholder payouts. It has traditionally been a sector that took in capital rather than spat it out. This is a particular problem for smaller and mid-cap companies, which tend to carry higher unit costs and struggle to attract attention and investors (though not, of late, activists). And a new report from Rystad Energy, a research and analytics firm, suggests smaller is worse when it comes to productivity too(1):The basic equation here – rising cost of capital and flat-but-volatile oil prices – demands radical change. There’s really no reason why dozens and dozens of companies should be cheek-by-jowl in the Permian basin, other than a steady flow of external capital that has dried up.If, as seems likely, 2020 hosts a confluence of weaker economic growth – with added Twitter trade-war frisson – and high non-OPEC production growth, this week’s wash-out will have been a mere prologue to what’s coming. The cure is consolidation, which would cut costs and rein in the barrels pushing into an already oversupplied market. However, it appears we still aren’t quite there yet.One obvious potential acquirer, ConocoPhillips, was asked on this week’s earnings call whether falling E&P valuations had piqued its interest. In response, the COO said:We still believe that there is a mismatch between what people expect for their assets and what we compete as a use of capital for our capital, and that may change over time.Translation: Stuff isn’t cheap enough yet.One obstacle to deals is, paradoxically, something that also lies behind the sector’s chronic de-rating: misaligned incentives for management vis-a-vis shareholders. In a new report, Evercore ISI analyst Doug Terreson calculates that, for a sample of nine large E&P companies, the average value of the pool of stock and option awards held by their CEOs at the end of 2016 was $26 million. By the end of 2018, that had risen by $21 million – of which just $1 million reflected higher share prices; the rest was new awards. The total return of the E&P sector in that time was negative 35%.As long as the corner office enjoys a more positive outcome than shareholders do, it suppresses any willingness to negotiate a deal that could change the occupant of that corner office. As this week demonstrates, though, pressure for change is building inexorably. The cost of capital is getting just too damn high.(1) In the accompanying chart, 'Majors' refers to BP, Chevron, Exxon Mobil, Occidental Petroleum and Royal Dutch Shell. The 'Top-10' public companies are Anadarko Petroleum, Apache, Cimarex Energy, Concho Resources, Devon Energy, Diamondback Energy, Encana, EOG Resources, Parsley Energy, and Pioneer Natural Resources. These are the top 10 operators bynumber of horizontal unconventional well-completions in the Permian shale basin, according to Rystad Energy's figures.To contact the author of this story: Liam Denning at ldenning1@bloomberg.netTo contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Factors to Consider Ahead of Diamondback (FANG) Q2 Earnings
    Zacks

    Factors to Consider Ahead of Diamondback (FANG) Q2 Earnings

    While production growth is likely to buoy second-quarter results of Diamondback (FANG), weaker y/y commodity prices may play spoilsports.

  • GlobeNewswire

    Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Reports Second Quarter 2019 Financial and Operating Results; Announces Significant Drop Down Transaction

    MIDLAND, Texas, July 30, 2019 -- Viper Energy Partners LP (NASDAQ:VNOM) ("Viper" or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"),.

  • Diamondback Energy (FANG) Reports Next Week: Wall Street Expects Earnings Growth
    Zacks

    Diamondback Energy (FANG) Reports Next Week: Wall Street Expects Earnings Growth

    Diamondback (FANG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Reuters

    Texas shale pioneers struggle to appease investors, compete with majors

    Seven years ago, Diamondback Energy Inc went public with a modest parcel of drillable land in the Permian Basin of West Texas. Today, Diamondback is the 7th largest producer in the top U.S. oil region, according to researcher Wood Mackenzie. The firm promised to reward investors by buying back up to $2 billion in shares and delivering $750 million in free cash flow next year if U.S. oil prices remain at about $55 per barrel.

  • Texas shale pioneers struggle to appease investors
    Reuters

    Texas shale pioneers struggle to appease investors

    Seven years ago, Diamondback Energy Inc went public with a modest parcel of drillable land in the Permian Basin of West Texas. Today, Diamondback is the 7th largest producer in the top U.S. oil region, according to researcher Wood Mackenzie. The firm promised to reward investors by buying back up to $2 billion in shares and delivering $750 million in free cash flow next year if U.S. oil prices remain at about $55 per barrel.

  • What You Must Know About Diamondback Energy, Inc.'s (NASDAQ:FANG) Financial Health
    Simply Wall St.

    What You Must Know About Diamondback Energy, Inc.'s (NASDAQ:FANG) Financial Health

    With a market capitalization of US$17b, Diamondback Energy, Inc. (NASDAQ:FANG) is a large-cap stock, which is...

  • Oil stocks have lagged the S&P 500 in 2019 but Wall Street loves them
    MarketWatch

    Oil stocks have lagged the S&P 500 in 2019 but Wall Street loves them

    Seven of the 10 stocks with the highest upside potential over the next 12 months, based on analysts’ price targets, are in the oil business.

  • Motley Fool

    Drilling Down Into the Biggest Energy IPO of 2019

    A closer look at Rattler Midstream, the first MLP to IPO in more than a year.

  • Motley Fool

    Energy's Biggest IPO This Year

    What is Rattler Midstream, and what should investors know about it before taking the plunge?

  • GlobeNewswire

    Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Schedules Second Quarter 2019 Conference Call for July 31, 2019

    MIDLAND, Texas, July 09, 2019 -- Viper Energy Partners LP (NASDAQ: VNOM) (“Viper”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced.

  • GlobeNewswire

    Diamondback Energy, Inc. Schedules Second Quarter 2019 Conference Call for August 7, 2019

    MIDLAND, Texas, July 09, 2019 -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release second quarter 2019 financial results on.