103.18 0.00 (0.00%)
After hours: 6:35PM EDT
|Bid||102.50 x 900|
|Ask||106.28 x 1000|
|Day's Range||102.62 - 105.20|
|52 Week Range||85.19 - 140.78|
|Beta (3Y Monthly)||1.18|
|PE Ratio (TTM)||12.80|
|Earnings Date||May 6, 2019 - May 10, 2019|
|Forward Dividend & Yield||0.50 (0.48%)|
|1y Target Est||151.36|
I've been keeping an eye on Diamondback Energy, Inc. (NASDAQ:FANG) because I'm attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believeRead More...
President and Chief Operating Officer Michael Hollis bought half a million dollars of shares of the energy explorer, the largest purchase of stock by a Diamondback insider since the company went public in 2012.
The dinner Monday night included "a friendly conversation on current industry issues and the immediate prospects and challenges for all," OPEC Secretary General Mohammad Barkindo said in an interview after the meal. "We are not keeping oil prices at any level -- we just keep stability in the oil market," Barkindo said. Since the last meeting, OPEC has been forced to curtail production to prop up oil prices, which slumped in late 2018.
The Zacks Analyst Blog Highlights: Matador, Continental Resources, Pioneer Natural, Diamondback and Concho
Diamondback Energy, Inc. (FANG) (“Diamondback” or the “Company”) today announced a series of leadership appointments and promotions, effective March 1, 2019, that will allow the Company to continue to execute on its capital efficient growth and best in class operations on a now significantly larger asset base. Kaes Van’t Hof, currently Senior Vice President of Strategy and Corporate Development, has been appointed Chief Financial Officer and Executive Vice President of Business Development for Diamondback. Tracy Dick will assume the role of Chief Accounting Officer and Executive Vice President for Diamondback, and will remain Chief Financial Officer of Viper Energy Partners LP (“Viper”). Mr. Van’t Hof will also remain in his current role as President of Viper.
As the U.S. economy slows, Goldman Sachs advises investors to look at stocks with high profit margins and low operating leverage.
The Zacks Analyst Blog Highlights: Diamondback Energy, Cabot Oil & Gas, HollyFrontier, Cimarex Energy and Parsley Energy
Viper Energy Partners LP (VNOM) (“Viper”), a subsidiary of Diamondback Energy, Inc. (FANG) (“Diamondback”), announced today the pricing of Viper’s public offering of 9,500,000 common units representing limited partner interests at a public offering price of $32.00 per unit. The total gross proceeds of the offering (before underwriters’ discounts and commissions and estimated offering expenses) will be approximately $304.0 million. The underwriters have a 30 day option to purchase up to an additional 1,425,000 common units from Viper.
Viper Energy Partners LP (VNOM) (“Viper”), a subsidiary of Diamondback Energy, Inc. (FANG) (“Diamondback”), announced today that Viper has commenced an underwritten public offering of 8,000,000 common units representing limited partner interests, subject to market and other conditions. Viper anticipates granting the underwriters a 30 day option to purchase up to an additional 1,200,000 common units from Viper. All of the common units to be sold in this offering will be sold by Viper. Viper intends to use the net proceeds from the offering, including any net proceeds from the underwriters’ exercise of their option to purchase additional common units, to purchase units of Viper Energy Partners LLC (“Viper Operating Company”).
Diamondback Energy (FANG) and Cabot Oil & Gas Corporation (COG) reported fourth-quarter earnings that came below the Zacks Consensus Estimate.
Diamondback Energy Inc is an independent oil and gas producer in the United States. The dividend yield of Diamondback Energy Inc stocks is 0.48%. Warning! GuruFocus has detected 4 Warning Signs with FANG.
Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! This article is for investors who would like to improveRead More...
Today's question is what does Diamondback Energy (NASDAQ:FANG) have to do with the FAANG stocks? The answer is, like the biggest tech stocks, Diamondback Energy stock has recovered but remains well below its high.Source: Shutterstock FANG stock traded Tuesday at about $105 per share, after selling for as much as $136 per share back in September. It's an oil and gas producer, located deep in the Permian Basin, in Midland, Texas.On Tuesday, Diamondback announced GAAP earnings of $306 million, $2.50 per share fully diluted, and revenues of $622 million. Unfortunately, its non-GAAP earnings missed estimates, and the company admitted it outspent its cash flow, leading to cutbacks in 2019 estimates.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn response, FANG stock fell by 3% in overnight trading and is off 3.86% at around $102.34 per share. The reason for the pullback can be found on this chart of crude prices. What's the Big Deal?Diamondback is a Texas fracker; It managed to pick up rival Energen for $9.2 billion in stock in August, and Ajax Resources for another $1.2 billion, when its own stock was trading at about $120 per share. * 7 Healthy Dividend Stocks to Buy for Extra Stability Diamondback made those deals when crude oil was selling at about $65 per barrel, valuing Energen's production at $63,000 per acre. After the ink was dried, however, prices plunged as low as $43 per barrel in December. They have since retraced about 40% of that loss, but prices, and thus, Diamondback's value remain subject to events beyond its control.Infrastructure is one of those things that are beyond its control. Permian producers have lately overwhelmed the region's pipeline networks, leading to mass flaring (burning at the wellhead) of natural gas. Pipeline giant Kinder Morgan (NYSE:KMI) is running out new pipelines as fast as it can, but those lines won't all be ready until next year. Happy Days Ahead?While producers have learned how to reduce their production costs considerably from the peak of the last oil boom in 2014, dropping their breakeven price, in some cases, to below $30 per barrel, prices have remained highly volatile.This last fall's plunge was the worst since the 2016 bust, which took prices from over $100 per barrel to near-2016 levels. This latest drop was arrested quickly, and prices have since recovered, but it's still clear producers need scale and must be smart traders to profit.Diamondback's acquisitions have given it more scale and it seems to be a smart trader. The company's latest financial report indicates it has hedged most of its production for 2019 at over $60 per barrel and has some short interest in the 30s. Even its natural gas production has contracts for 10% over the current price of $2.69 per million BTUs.This push-pull on pricing has made Diamondback stock as volatile as the commodity it produces, despite its hedging. Shares traded at near $140 per share in October, and below $86 per share in December, before recovering to their current level. The price action in FANG stock mirrors that of the commodity. Bottom Line on FANG StockDespite Diamondback's best efforts, its stock remains closely tied to the price of West Texas Intermediate crude oil. That means its earnings are constrained by pipeline capacity, and the level of earnings is to some extent beyond the company's control, regardless of how well its operations perform.Diamondback analysts seem to believe that oil prices will stay high this year, with 32 of 36 recommending investors buy FANG stock. If you want to hedge your own portfolio against rising oil prices, join them.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing, he owned no shares in companies mentioned in this article. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Smart Money Stocks to Buy Now * The 10 Best Cheap Stocks to Buy Right Now * 7 Restaurant Stocks to Watch in 2019 Compare Brokers The post Should You Buy Diamondback Energy Stock Now? appeared first on InvestorPlace.
Diamondback (FANG) failed to keep spending within cash flows due to the dramatic decline in oil prices, coupled with merger-associated costs.
Concho (CXO) slashes 2019 capex by 17% from its prior guidance amid weak oil prices, in an effort to boost cash flows and focus on shareholder value maximization.
The Midland, Texas-based company said it had profit of $2.50 per share. Earnings, adjusted for non-recurring gains, came to $1.21 per share. The results did not meet Wall Street expectations. The average ...
Concho Resources and Diamondback Energy fell short of earnings forecasts late Tuesday, after weaker-than-expected results from Continental Resources Monday.
MIDLAND, Texas, Feb. 19, 2019 -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the fourth quarter.