Buy Diamondback Energy

Logo for stock FANG (Diamondback Energy)

Amount

£
GBP

Latest price

$127.50
(£1.00 = $1.321)

Number of shares (est.)

0

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Metrics

Market Cap

$37.537B

P/E ratio

8.22

EPS

$15.533

Beta

1.07

Dividend rate

$8.29

Dividend yield

6.49%

About

Diamondback Energy, Inc., together with its subsidiaries, is an independent oil and natural gas company focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas. The Company's activities are primarily directed at the horizontal development of the Wolfcamp and Spraberry formations in the Midland Basin and the Wolfcamp and Bone Spring formations in the Delaware Basin, both of which are part of the larger Permian Basin in West Texas and New Mexico. Additionally, its subsidiary, Viper Energy, Inc., owns oil and natural gas properties primarily in the Permian Basin. Its total acreage position in the Permian Basin consists of approximately 7,77,181 net acres in the Midland Basin and approximately 123,218 net acres in the Delaware Basin. The Company's subsidiaries include Rattler Midstream GP LLC, Rattler Midstream LP, and QEP Resources, Inc.

CEO

Mr. M. Kaes Van't Hof

Employees

1,983

Sector

Energy

Company HQ

MIDLAND, United States of America

News

Logo for news article #0 (Diamondback (FANG) Soars 13.2%: Is Further Upside Left in the Stock?)

Diamondback (FANG) Soars 13.2%: Is Further Upside Left in the Stock?

Diamondback (FANG) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Zacks Investment Research

April 10, 2025

Logo for news article #1 (Diamondback Energy: Big Dividend Yield And A Lot Of Room For Capital Appreciation)

Diamondback Energy: Big Dividend Yield And A Lot Of Room For Capital Appreciation

Diamondback Energy offers a compelling investment with a single-digit P/E, a 5%+ yield, and a breakeven point of around $36 per barrel. Citigroup upgraded FANG to Buy with a price target increase from $157 to $180, highlighting its strong margins and profitability amid oil sector volatility. FANG's robust capital allocation strategy includes a 50% FCF return to shareholders via dividends and share repurchases, supported by strategic acquisitions in the Permian Basin.

Seeking Alpha

April 09, 2025

Logo for news article #2 (Diamondback Energy Has A Major Power Play At Hand)

Diamondback Energy Has A Major Power Play At Hand

Diamondback Energy is poised for growth due to rising natural gas demand from large-scale data centers and the growing need for LNG cargoes for the EU gas reserve. Strategic M&A activities, including the Double Eagle and Endeavor Energy acquisitions, enhance Diamondback's asset base and operational efficiency. Daily production is expected to grow from its new Q4 2024 base level, with a run-rate of 891-920Mboe/d for Q2 2025 - Q4 2025.

Seeking Alpha

April 08, 2025

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