FANG - Diamondback Energy, Inc.
| Previous Close | 97.33 |
| Open | 97.35 |
| Bid | 96.40 x 900 |
| Ask | 97.00 x 800 |
| Day's Range | 95.80 - 98.14 |
| 52 Week Range | 85.19 - 140.78 |
| Volume | 2,154,557 |
| Avg. Volume | 1,673,414 |
| Market Cap | 15.786B |
| Beta (3Y Monthly) | 1.30 |
| PE Ratio (TTM) | 16.28 |
| EPS (TTM) | 5.95 |
| Earnings Date | Nov 4, 2019 - Nov 8, 2019 |
| Forward Dividend & Yield | 0.75 (0.77%) |
| Ex-Dividend Date | 2019-08-15 |
| 1y Target Est | 144.47 |
- Barrons.com
Uncertain About Where the Market Is Going? Here Are 7 Growth Stocks for Risky Times.
Can’t decide if you’re a bull or a bear, or prone to despair or optimism? Here are some stocks for economic agnostics.
- Kiplinger
7 lsquo;Strong Buyrsquo; Oil Stocks to Buy Now
Oil stocks have been put through the volatility wringer of late.On Sept. 14, drones attacked a key processing facility in Abqaiq as well as an oil field in Khurais, temporarily knocking out about 5.7 million barrels of Saudi daily production. That represents half of Saudi Arabia's output and approximately 5% of global oil supply, so unsurprisingly, the news sent U.S. crude oil prices soaring by almost 15% on Sept. 16 - the largest gain in more than 30 years.But a day later, oil pulled back nearly 6% following Saudi Energy Minister Prince Abdulaziz bin Salman's announcement that the country's oil production will be back at normal levels by the end of September. Crude closed another 2% lower Sept. 18.Was this merely a quick flash in the pan for energy investors? Maybe. But heightened regional tensions still could bode well for oil prices in the coming months. And Citi analysts argue that the attacks highlight a fundamental problem for the kingdom's oil production. "No matter whether it takes Saudi Arabia five days or a lot longer to get oil back into production, there is but one rational takeaway from this weekend's drone attacks on the Kingdom's infrastructure - that infrastructure is highly vulnerable to attack, and the market has been persistently mispricing oil," they write.Here are seven analyst-loved oil stocks to buy in this volatile energy environment. Here, we've used TipRanks' stock screener to find energy stocks that have earned a Strong Buy consensus rating from the analyst community over the past three months. We'll examine each one, including price targets and what the pros are saying about their potential. SEE ALSO: 25 Dividend Stocks That Analysts Love the Most
- Moody's
Diamondback Energy, Inc. -- Moody's changes Diamondback's outlook to positive
Moody's Investors Service ("Moody's") changed Diamondback Energy, Inc.'s (Diamondback) rating outlook to positive from stable, and simultaneously affirmed the company's Ba1 Corporate Family Rating (CFR), Ba1-PD Probability of Default Rating (PDR), and Ba2 senior unsecured notes. "The positive outlook acknowledges Diamondback's significant production, reserves and free cash flow growth visibility through 2021 even in a sub $50/bbl oil price environment," noted Sajjad Alam, Moody's Senior Analyst.
- Simply Wall St.
Estimating The Intrinsic Value Of Diamondback Energy, Inc. (NASDAQ:FANG)
In this article we are going to estimate the intrinsic value of Diamondback Energy, Inc. (NASDAQ:FANG) by taking the...
- Zacks
The Zacks Analyst Blog Highlights: Pioneer Natural Resources, Concho Resources, Callon Petroleum, Parsley Energy and Diamondback Energy
The Zacks Analyst Blog Highlights: Pioneer Natural Resources, Concho Resources, Callon Petroleum, Parsley Energy and Diamondback Energy
- Barrons.com
10 Stable Growth Stocks That Are Still Worth the Price, According to an Analyst
What separates winners from losers, UBS strategist Francois Trahan said, is “beta”—a volatility metric measuring how much a stock deviates from the market’s movement. Think Facebook, Alphabet and Boston Scientific.
- Zacks
Permian Oil Production Growth to Continue: 5 Stocks in Focus
Production from the Permian Basin of Texas and New Mexico is set to climb by 71,000 barrels per day to a record of about 4.485 million barrels per day in October.
- Barrons.com
Podcast: 46,000 General Motor Workers on Strike
STOCKSTOWATCHTODAY BLOG Three numbers to start your day: The UAW Strike Costs (GM) $50 Million —each day, in earnings. The United Automobile Workers voted to strike on Sunday and told its roughly 46,000 members to walk out or not show up to work Monday.
- TipRanks
3 Texas Oil Stocks Poised to Gain from Saudi Cuts
The world just lost 5% of its daily oil output, as Saudi Arabi cut production by half in the wake of a drone attack on Saudi Aramco oil fields. The attack was claimed by the Houthi rebels of neighboring Yemen, and is part of an ongoing conflict on the Arabian Peninsula.In immediate, practical terms, industry analysts expect crude to gain as much as $10 per barrel when trading resumes after the weekend. From Seaport Global, head of energy trading Roberto Friendlander said after the attack that the exact spike in oil prices will depend on how long Saudi production is disrupted: “If it is a few days, the Saudis are working to restore production and will provide more information in the next 48 hours, the impact is more likely to be $3-5…”As of early Monday, September 16, Brent crude, the key international benchmark, is up $5.82, or 9.66%, in early hours trading. The price spike, which exceeded $11 in the first few seconds of London’s trading, was the largest intraday jump ever recorded in oil trading. The 5.7 million barrel per day drop in output is the worst disruption the oil markets have ever faced.Of course, every market disruption marks an opportunity for someone. If Saudi oil is off the markets, the supply has to be compensated somewhere, and this where the last few years’ surge in American output is important. Increased production from US oil and gas fields have made the country the world’s top oil producer, and at current trends the US will become a net exporter of oil and gas in 2020.With this in the background, it’s time again to look at the Texas oil companies. The Permian Basin oil fields of West Texas are richest petroleum producing areas in the United States. We’ve dipped into TipRanks’ database, to find out what Wall Street’s analysts are saying about the energy companies working in the Texas oil fields. Concho Resources, Inc.Concho (CXO – Get Report) is one of many energy companies that focuses on the Permian Basin. The company’s specific operating areas are in the Delaware Basin, the Permian’s second largest subdivision, and CXO controls over 1.1 billion barrels of proven hydrocarbon reserves.The stock offers buyers a discount at the moment, as it’s down 24% in the markets following an EPS miss in July’s Q2 earnings report. Despite the miss, both hedge funds and market insiders are picking up this stock. Hedge funds increased holdings in CXO by 1.7 million shares in Q2, while last month, after the earnings report, industry insiders bought over $1.5 million worth of shares in Concho.Wall Street analysts are also bullish on CXO. From MKM Partners, John Gerdes gives it a $116 price target, indicating confidence in an impressive 57% upside. Jefferies analyst Mark Lear is even more optimistic about Concho. His $127 target implies an upside of 72%.Overall, CXO has a $118 average price target from the analysts, suggesting an upside of 61% from the share price of $73. The Moderate Buy consensus rating is based on 12 buys, 2 holds, and 1 sell set in the last three months. Diamondback Energy, Inc.Diamondback (FANG – Get Report) offers investors a firm base of 992 million barrels of proven oil and gas reserves in the Permian Basin. Petroleum makes up 63% of the company’s recoverable assets, while natural gas and natural gas liquids make up the remaining 37%.Diamondback reported a mixed result in the second quarter. EPS and revenues, at $1.70 and $1.02 billion, were both up year-over-year, but missed the forecasts. Net profit was a robust $349 million, and the company continues to pay out its quarterly dividend of 18.75 cents per share. Looking at long-term trends, FANG shares are up 29% in the last five years.Writing from Roth Capital, analyst John White, described the Q2 results as “solid,” and added that he was “encouraged as the company lowered the midpoint of 2019 capital expenditure guidance and increased the midpoint of full year 2019 production guide.” His $140 price target suggests an upside of 44%.Kashy Harrison, of Piper Jaffray, is also bullish on FANG. He raised his price target by a half percent, from $155 to $156, implying an impressive upside potential of 61%.Diamondback’s analyst consensus rating of Strong Buy reflects a unanimous outlook – of 12 recent reviews, all are buys. Shares sell for $96, and the average price target of $143 gives the stock a 48% potential upside. Parsley Energy, Inc.Our third -buy rated Permian producer is Parsley Energy (PE – Get Report). One month ago, Parsley beat the Q2 earnings estimates, reporting 32 cents per share against a forecast of 31, and showing revenues of $498.54 million. Both EPS and revenues easily beat the year-ago numbers. After the earnings beat, company management announced a modest 3-cent quarterly dividend would be initiated, payable on September 30 to shareholders of record as of September 20.The strong quarter has Wall Street analysts bullish on PE. At Merrill Lynch, Asit Sen boosted his price target from $23 to $27, an increase of 17%. The new $27 target suggests an upside of 45% for PE shares.Neal Dingmann, of SunTrust Robinson, maintained his target of $23, along with this buy rating. In his comments on the stock, he wrote, “We continue to forecast Parsley to growth ˜2%+/qtr and become FCF positive this month while remaining FCF positive in 2020 even if oil prices fall as low as ~$51/bbl. Further, we estimate upcoming incremental shareholder returns as seen with the recent institution of a dividend. We believe the company could pursue spin-offs/equity monetizations/sales of its water infrastructure & minerals holdings that could represent upcoming catalysts for the stock.” Dingmann’s price target implies an upside of 24%.PE is the lowest cost of the three stocks in this list, with a share price of $18.50. It represents an affordable point of entry to the explosive Texas oil market. The $23.73 average price target gives the stock an upside potential of 28%. Parsley’s Strong Buy consensus rating comes from 9 buys and 2 holds given in the past three months.Visit TipRanks’ Stock Comparison tool, and take a look at other top oil stocks.
- GlobeNewswire
Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Announces All-Equity Acquisition
MIDLAND, Texas, Sept. 13, 2019 -- Viper Energy Partners LP (NASDAQ:VNOM) ("Viper" or the “Partnership”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"),.
- GuruFocus.com
US Stocks Gain on Friday
Lululemon Athletica jumps on strong results Continue reading...
- Zacks
Oil & Gas US E&P Outlook: Bearish Signals Abound
Oil & Gas US E&P; Outlook: Bearish Signals Abound
- Zacks
Why Is Diamondback (FANG) Up 5.5% Since Last Earnings Report?
Diamondback (FANG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Simply Wall St.
We Think Diamondback Energy (NASDAQ:FANG) Can Stay On Top Of Its Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
- GuruFocus.com
The Permian Basin Is Getting More Toxic to Investors
Operators in the US’s hottest oil field have not made good investment returns Continue reading...
- GlobeNewswire
Diamondback Energy, Inc. Releases 2019 Corporate Responsibility Report
MIDLAND, Texas, Aug. 23, 2019 -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today released its 2019 Corporate Responsibility Report. The online report outlines.
- GuruFocus.com
Bill Nygren Drills Into Permian Basin Oil
Guru establishes 3 new positions in 2nd quarter Continue reading...
- Morningstar
Our Ultimate Stock-Pickers' Top 10 High-Conviction and New-Money Purchases
For the past decade, our primary goal with the Ultimate Stock-Pickers concept has been to uncover investment ideas that not only reflect the most recent transactions of our grouping of top investment managers but are also timely enough for investors to get some value from them. In cross-checking the most current valuation work and opinions of Morningstar's own cadre of stock analysts against the actions (or inactions) of some of the best equity managers in the business, we hope to uncover a few good ideas each quarter that investors can dig into a bit deeper to see if they warrant an investment. With all but two (24 out of 26) of our Ultimate Stock-Pickers having reported their holdings for the second quarter of 2019, we now have a good sense of which stocks garnered attention during the period.
- 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
- Zacks
Top Research Reports: Amazon, Caterpillar, Vertex & More
Top Research Reports: Amazon, Caterpillar, Vertex & More
- 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...
- 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...
Motley FoolDiamondback Energy Inc (FANG) Q2 2019 Earnings Call Transcript
FANG earnings call for the period ending June 30, 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.
