|Bid||106.50 x 2200|
|Ask||107.39 x 800|
|Day's Range||105.40 - 107.05|
|52 Week Range||85.19 - 140.78|
|Beta (3Y Monthly)||0.87|
|PE Ratio (TTM)||16.23|
|Earnings Date||Feb 11, 2019 - Feb 15, 2019|
|Forward Dividend & Yield||0.50 (0.47%)|
|1y Target Est||150.41|
Shoe Carnival, Diamondback Energy, HSBC, Northrup and Hitachi highlighted as Zacks Bull and Bear of the Day
rude oil prices fell Monday on weak Chinese economic data, despite OPEC reassurances that global demand is strong and its production cuts are working.
Diamondback Energy, Inc. (FANG) (“Diamondback” or the “Company”) today released its inaugural 2018 Corporate Responsibility Report. The online report outlines Diamondback’s commitment to governance and business ethics, health and safety, environmental responsibility and community engagement. The report is available at www.diamondbackenergy.com/about/sustainability. “At Diamondback, we understand that success for our organization is dependent upon our ability to operate responsibly in the world with regard for all stakeholders. I am extremely proud of the role our organization has played as a responsible actor in our community, and looking forward, we will continue to use the latest technology as well as work with regulatory agencies in order to ensure we are mindful of delivering sustainable returns that are focused on society, the environment and our financial shareholders,” stated Travis Stice, Chief Executive Officer of Diamondback.
After achieving its low-oil-price break-even plan, Occidental Petroleum has tremendous flexibility in 2019.
A late swoon in crude prices weighed on these oil stocks last year, but a rebound in the oil market could enable them to go from worst to first in 2019.
Travis Stice became the CEO of Diamondback Energy, Inc. (NASDAQ:FANG) in 2012. This analysis aims first to contrast CEO compensation with other large companies. After that, we will consider the Read More...
NEW YORK, Jan. 07, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
With oil still below the psychological $50-a-barrel threshold, energy investors should brace themselves for more M&A activities to unfold as stronger companies line up to buy the weaker ones.
Some frackers are scaling back next year’s drilling plans amid weak crude prices, a quick reversal for an industry that months earlier expected 2019 to be a banner year. Producers Diamondback Energy Inc., Parsley Energy Inc. and Centennial Resource Development Inc. either plan to operate fewer drilling rigs in 2019 or recently lowered production plans in the country’s most active drilling region, the Permian Basin in Texas and New Mexico, the companies have said in public statements and filings. Diamondback said earlier this month that it would immediately drop three of its 24 rigs, with the possibility of operating as few as 18 rigs next year.
Changes in Texas job growth tend to lag big moves in the crude price by about six months, according to a report Wednesday. With the average price of West Texas Intermediate crude falling to about $57 a barrel in November, the state’s job growth will probably show a hit in the second quarter, the Dallas Fed said.
Stocks of low-cost oil production companies will ultimately win out in an environment with low crude prices, says energy analyst Mike Kelly. "One I always come back to" is Diamondback Energy, especially when the stock price falls below $90 a share, Kelly says. Oil prices fell about 4 percent on Thursday amid marketwide weakness.
On December 19–26, our list of oil-weighted stocks fell 2.2%—compared to the 4% fall in US crude oil February futures. On average, our list of oil-weighted stocks outperformed US crude oil prices. The sharp fall in US equity indexes in the past might have made oil’s fall sharper.
The following oil-weighted stocks could be the most sensitive to US crude oil’s movements. They might be impacted the most by oil’s price movement based on their correlations with US crude oil February futures in the past four trading sessions: ConocoPhillips (COP) at 99.3% Occidental Petroleum (OXY) at 99.3%. Diamondback Energy (FANG) at 99.1% Concho Resources (CXO) at 98.5% Oasis Petroleum (OAS) at 98.7%
NEW YORK/HOUSTON, Dec 21 (Reuters) - U.S. shale producers are slamming the brakes on next year's drilling with crude prices off 40 percent and mounting fears of oversupply, paring budgets that in some cases were set only weeks earlier. The reversal is alarming because blistering growth in shale fields has propelled U.S. crude output 16 percent to about 10.9 million barrels per day for 2018, above Saudi Arabia and Russia. Shale producer Centennial Resource Development on Thursday joined rivals Diamondback Energy, and Parsley Energy in canceling drilling rig additions next year.
There is plenty of fear in the oil market that U.S. shale production will begin to collapse as oil prices drop, but the signs are still promising for the industry
Crude oil prices continued falling but OPEC reportedly plans to release detailed member quotas as well as deeper production cuts to stop the decline.