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Diamondback Energy Inc Stock Research

FANG

150.89USD+0.69(+0.46%)Market Closed
Watchlist

Market Summary

USD150.89+0.69
Market Closed
0.46%

FANG Alerts

  • 2 major insider sales recently.
  • Big fall in Revenue (Y/Y)
  • Big fall in earnings (Y/Y)

FANG Stock Price

FANG RSI Chart

FANG Valuation

Market Cap

27.0B

Price/Earnings (Trailing)

7.74

Price/Sales (Trailing)

3.25

EV/EBITDA

4.44

Price/Free Cashflow

4.29

FANG Price/Sales (Trailing)

FANG Profitability

EBT Margin

61.85%

Return on Equity

28.22%

Return on Assets

15.82%

Free Cashflow Yield

23.31%

FANG Fundamentals

FANG Revenue

Revenue (TTM)

8.3B

Revenue Y/Y

-30.67%

Revenue Q/Q

-0.31%

FANG Earnings

Earnings (TTM)

3.5B

Earnings Y/Y

-60.73%

Earnings Q/Q

-25.47%

Price Action

52 Week Range

119.01166.67
(Low)(High)

Last 7 days

-1.6%

Last 30 days

-2.9%

Last 90 days

13.8%

Trailing 12 Months

26.4%

FANG Financial Health

Current Ratio

0.62

Debt/Equity

0.36

Debt/Cashflow

1.18

FANG Investor Care

Dividend Yield

4.56%

Dividend/Share (TTM)

6.88

Shares Dilution (1Y)

1.50%

Diluted EPS (TTM)

19.27

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for FANG

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-18
Stice Travis D.
gifted
-
-
-5,000
chief executive officer
2023-09-12
Houston David L
sold
-1,252,340
156
-8,000
-
2023-09-12
Zmigrosky Matt
sold
-425,302
157
-2,706
evp, chief legal and admin off
2023-08-10
WEST STEVEN E
sold
-1,205,180
150
-8,000
-
2023-08-04
Van't Hof Matthew Kaes
sold
-1,340,810
148
-9,000
president & cfo
2023-08-03
Wesson Daniel N
sold
-598,702
149
-4,000
exec. vp & coo
2023-08-03
Zmigrosky Matt
sold
-872,730
150
-5,812
evp, chief legal and admin off
2023-06-13
Stice Travis D.
sold
-1,532,690
132
-11,600
chief executive officer
2023-06-13
Stice Travis D.
gifted
-
-
-35,000
chief executive officer
2023-06-13
Van't Hof Matthew Kaes
sold
-990,724
132
-7,500
president & cfo

1–10 of 50

Which funds bought or sold FANG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-21
Baystate Wealth Management LLC
unchanged
-
-7.00
294
-%
2023-09-21
Jefferies Group LLC
reduced
-76.87
-3,025,810
903,571
0.01%
2023-09-20
BARCLAYS PLC
added
76.69
25,164,000
60,258,000
0.04%
2023-09-18
WASHINGTON CAPITAL MANAGEMENT, INC
unchanged
-
-14,745
508,363
0.43%
2023-09-12
Farther Finance Advisors, LLC
added
15.02
4,672
44,271
0.01%
2023-09-01
Portside Wealth Group, LLC
new
-
294,639
294,639
0.06%
2023-08-30
Western Wealth Management, LLC
reduced
-0.79
-23,999
642,336
0.06%
2023-08-29
EFG Asset Management (Americas) Corp.
reduced
-4.41
-409,463
5,350,960
1.24%
2023-08-28
Lavaca Capital LLC
added
0.53
-14,809
627,113
0.18%
2023-08-28
DELPHI MANAGEMENT INC /MA/
new
-
1,253,000
1,253,000
1.30%

1–10 of 46

Latest Funds Activity

Are funds buying FANG calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own FANG
No. of Funds

Schedule 13G FIlings of Diamondback Energy

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
fmr llc
-
0
SC 13G
Feb 09, 2023
guidon energy holdings lp
0%
0
SC 13G/A
Feb 09, 2023
vanguard group inc
11.78%
21,419,163
SC 13G/A
Feb 01, 2023
state street corp
6.36%
11,570,839
SC 13G/A
Jan 27, 2023
blackrock inc.
9.1%
16,005,236
SC 13G/A
Jan 25, 2023
blackrock inc.
9.1%
16,005,236
SC 13G/A
Mar 11, 2022
blackrock inc.
7.7%
13,938,631
SC 13G/A
Feb 11, 2022
capital research global investors
1.8%
3,307,667
SC 13G/A
Feb 11, 2022
guidon energy holdings lp
0.4%
783,353
SC 13G/A
Feb 10, 2022
state street corp
6.19%
11,211,655
SC 13G/A

Recent SEC filings of Diamondback Energy

View All Filings
Date Filed Form Type Document
Sep 20, 2023
4
Insider Trading
Sep 14, 2023
4
Insider Trading
Sep 14, 2023
4
Insider Trading
Sep 12, 2023
144
Notice of Insider Sale Intent
Sep 12, 2023
144
Notice of Insider Sale Intent
Aug 14, 2023
4
Insider Trading
Aug 10, 2023
144
Notice of Insider Sale Intent
Aug 09, 2023
144
Notice of Insider Sale Intent
Aug 07, 2023
4
Insider Trading
Aug 07, 2023
4
Insider Trading

Peers (Alternatives to Diamondback Energy)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
72.1B
25.9B
-5.59% 11.33%
8.28
2.78
16.80% 52.54%
60.4B
31.8B
-3.52% 1.89%
4.68
1.64
-6.68% -38.20%
52.3B
20.3B
-7.12% 3.66%
9.04
2.57
-14.26% -6.45%
27.0B
8.3B
-2.88% 26.39%
7.74
3.25
-8.75% -9.74%
-
8.8B
-12.31% 16.31%
-
-
-19.24% -60.57%
-
16.8B
-13.74% -21.03%
-
-
-8.28% -9.23%
MID-CAP
12.5B
13.4B
-5.18% -0.48%
3.75
0.93
15.65% 37.73%
7.4B
4.5B
-8.75% 20.51%
4.36
1.67
15.35% 216.30%
6.8B
2.8B
-12.12% 16.11%
7.25
2.44
1.90% -11.66%
3.5B
1.6B
1.33% 47.78%
16.5
2.17
-20.41% 13.75%
2.9B
2.9B
-16.42% -38.75%
3.06
1.02
9.57% 185.64%
2.3B
2.7B
-9.46% 5.20%
2.41
0.85
12.93% 24.18%
-
4.0B
- -
-
-
72.02% 99.37%
SMALL-CAP
2.1B
7.3B
-0.03% 117.25%
3.32
0.28
21.02% 508.09%
805.4M
1.5B
-8.19% -35.44%
1.28
0.42
-22.98% 63.46%

Diamondback Energy News

Barchart
Nat-Gas Prices Jump on the Outlook for Colder U.S. Temps.
Barchart,
5 hours ago
Zacks Investment Research
Company News for Oct 3, 2023.
Zacks Investment Research,
12 hours ago
The Globe and Mail
Nasdaq
Yahoo Finance
Forbes

Returns for FANG

Cumulative Returns on FANG

14.1%


10-Year Cumulative Returns

9.2%


7-Year Cumulative Returns

4.1%


5-Year Cumulative Returns

75.8%


3-Year Cumulative Returns

Risks for FANG

What is the probability of a big loss on FANG?

98.8%


Probability that Diamondback Energy stock will be more than 20% underwater in next one year

70.4%


Probability that Diamondback Energy stock will be more than 30% underwater in next one year.

29.2%


Probability that Diamondback Energy stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does FANG drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Diamondback Energy was unfortunately bought at previous high price.

Drawdowns

Financials for Diamondback Energy

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue-9.3%8,3119,1609,6439,6359,1088,0216,7975,5444,3543,0982,8133,1483,4033,9993,9643,4933,0552,5612,1761,9421,706
Costs and Expenses3.9%3,4163,2873,1353,0722,9952,9312,7963,6004,8307,2018,2898,2626,9124,4253,2692,2191,8621,4981,165912802
  S&GA Expenses-1.4%14614814415616015714612310589.0088.0010099.0010110488.0083.0076.0065.0055.0053.00
EBITDA-100.0%-7,2347,215-6,3885,1574,381---3,796-4,268-3,812-1,8061,7451,9882,7772,2401,828---
EBITDA Margin-100.0%-0.79*0.75*-0.70*0.64*0.64*---1.23*-1.52*-1.21*-0.53*0.44*0.50*0.79*0.73*0.71*---
Interest Expenses---135---194---22117220018618717714612711481.0064.00
Earnings Before Taxes-19.6%4,5535,6655,7365,7775,0843,6432,907619-1,657-5,171-5,776-5,414-3,51535.003621,3491,0628981,113827707
EBT Margin-100.0%-0.62*0.59*0.60*0.56*0.45*0.43*0.11*-0.38*-1.67*-2.05*-1.72*-1.03*0.01*0.09*------
Net Income-19.8%3,4934,3534,3864,4053,8702,7822,182461-1,301-4,040-4,517-4,411-2,930-1632801,074863726846654570
Net Income Margin-100.0%-0.48*0.45*0.46*0.42*0.34*0.32*0.08*-0.30*-1.30*-1.61*-1.35*-0.82*-0.01*0.06*------
Free Cashflow-100.0%-6,4986,3256,0515,3254,5723,9443,1802,5231,8932,1182,5972,8643,2062,734------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets0.0%27,58727,58926,20923,84323,44823,33122,89822,63922,89821,99617,61918,76020,33723,38623,53123,55323,53123,53121,5969,8078,954
  Current Assets-20.9%9181,1601,3921,0311,2011,3471,4461,4641,1428516025586541,268869845972693925796393
    Cash Equivalents-60.9%18.0046.0015727.0059.0016767245734412110892.0051.00149128100326149215509114
  Inventory-4.3%66.0069.0067.0059.0065.0062.0062.0053.0052.0052.0033.0033.0034.0036.0037.0045.0044.0039.0037.0015.0013.00
  Net PPE-1.4%25,14525,51423,75921,90321,36921,10820,61920,40620,41920,35216,21417,43518,92721,42021,83522,04321,60321,04720,3728,7158,343
Liabilities-0.8%11,37511,46610,5199,2859,0589,4799,65310,21710,44510,3447,8158,0918,5029,0708,6258,0647,7217,7547,4293,3772,942
  Current Liabilities12.6%2,1231,8861,7161,6781,6401,8721,4381,9961,9721,8681,2361,2291,0611,3301,2631,1811,1801,1121,019722727
    LT Debt, Current-100.0%-10.0010.0010.0055.0045.0045.0020.00-191191191---------
    LT Debt, Non Current-5.9%6,5436,9506,2385,3475,4015,8036,6426,9257,3607,4655,6245,6565,9525,6775,3714,7614,4724,6704,4642,3321,967
Shareholder's Equity-3.5%15,55416,12315,00913,84314,39013,85213,24512,42211,89011,6529,80410,66911,83514,31614,90615,48915,45014,51414,1676,4306,012
  Retained Earnings41.9%1,372967801195-458-1,326-1,998-2,908-3,475-3,713-3,864-3,065-1,8935598901,4071,069752762468323
  Additional Paid-In Capital-2.2%14,18714,50214,21313,64613,77214,06714,08414,38914,39914,38412,65612,61512,60512,26512,35712,64112,93313,01912,9365,4655,307
Accumulated Depreciation2.1%15,55815,23814,84414,48714,16013,84013,54513,23412,91412,58312,31411,0319,2976,4165,0033,8153,4513,0952,7742,5452,401
Shares Outstanding-1.3%17918218017617717817818118116415815815815815916316516516499.0099.00
Minority Interest-0.2%6586596817151,0741,1091,1579399649791,0101,1171,1211,4901,6571,4391,446741467496381
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations-3.0%6,3046,4986,3256,0515,3254,5723,9443,1802,5231,8932,1182,6022,8693,2112,7392,2641,8441,6031,5651,4041,259
  Share Based Compensation5.9%54.0051.0055.0056.0056.0056.0051.0047.0042.0038.0037.0048.0043.0043.0048.0036.0037.0034.0027.0025.0026.00
Cashflow From Investing-2.0%-3,972-3,893-3,330-2,168-1,873-1,668-1,539-1,569-1,464-1,765-2,101-2,999-3,651-3,874-3,888-4,428-4,077-3,855-3,503-2,186-2,108
Cashflow From Financing12.8%-2,370-2,719-3,503-4,390-3,789-2,911-1,841-1,169-722-109-37.003965156921,0621,7552,4452,3062,0411,262948
  Dividend Payments-19.5%1,6162,0071,5721,26582035131228025824523620717915011294.0076.0058.0037.0025.0012.00
  Buy Backs1.3%1,4411,4231,0981,19174145043134.0012.002.0098.0029358969159341311717.00---

FANG Income Statement

2023-06-30
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:    
Revenue$ 1,896$ 2,752$ 3,798$ 5,141
Other operating income23164635
Total revenues1,9192,7683,8445,176
Costs and expenses:    
Lease operating expenses200159392308
Production and ad valorem taxes148178303339
Depreciation, depletion, amortization and accretion432330835643
General and administrative expenses37397775
Merger and integration expenses20100
Other operating expenses32236653
Total costs and expenses9197901,8191,538
Income (loss) from operations1,0001,9782,0253,638
Other income (expense):    
Interest expense, net(51)(39)(97)(79)
Other income (expense), net(21)1322
Gain (loss) on derivative instruments, net(189)(101)(282)(653)
Gain (loss) on extinguishment of debt(4)(4)(4)(58)
Income (loss) from equity investments16283037
Total other income (expense), net(249)(115)(321)(751)
Income (loss) before income taxes7511,8631,7042,887
Provision for (benefit from) income taxes165402372623
Net income (loss)5861,4611,3322,264
Net income (loss) attributable to non-controlling interest30456469
Net income (loss) attributable to Diamondback Energy, Inc.$ 556$ 1,416$ 1,268$ 2,195
Earnings (loss) per common share:    
Basic (in USD per share)$ 3.05$ 7.93$ 6.95$ 12.28
Diluted (in USD per share)$ 3.05$ 7.93$ 6.95$ 12.28
Weighted average common shares outstanding:    
Basic (in shares)180,373176,570181,176177,064
Diluted (in shares)180,373176,572181,176177,066
Dividends declared per share (in USD per share)$ 0.84$ 3.05$ 1.67$ 6.10
Oil sales    
Revenues:    
Revenue$ 1,708$ 2,189$ 3,362$ 4,135
Natural gas sales    
Revenues:    
Revenue48264117418
Natural gas liquid sales    
Revenues:    
Revenue140299319588
Gathering and transportation    
Costs and expenses:    
Cost of goods and services sold$ 68$ 61$ 136$ 120

FANG Balance Sheet

2023-06-30
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 18$ 157
Restricted cash37
Accounts receivable:  
Joint interest and other, net143104
Oil and natural gas sales, net544618
Inventories6667
Derivative instruments7132
Income tax receivable120284
Prepaid expenses and other current assets1723
Total current assets9181,392
Property and equipment:  
Oil and natural gas properties, full cost method of accounting ($8,558 million and $8,355 million excluded from amortization at June 30, 2023 and December 31, 2022, respectively)39,94837,122
Other property, equipment and land7551,481
Accumulated depletion, depreciation, amortization and impairment(15,558)(14,844)
Property and equipment, net25,14523,759
Funds held in escrow0119
Equity method investments587566
Assets held for sale742158
Derivative instruments123
Deferred income taxes, net6064
Investment in real estate, net8586
Other assets4942
Total assets27,58726,209
Current liabilities:  
Accounts payable - trade249127
Accrued capital expenditures558480
Current maturities of long-term debt010
Other accrued liabilities454399
Revenues and royalties payable729619
Derivative instruments11847
Income taxes payable1534
Total current liabilities2,1231,716
Long-term debt6,5436,238
Derivative instruments175148
Asset retirement obligations286336
Deferred income taxes2,2332,069
Other long-term liabilities1512
Total liabilities11,37510,519
Commitments and contingencies (Note 14)
Stockholders’ equity:  
Common stock, $0.01 par value; 400,000,000 shares authorized; 179,221,318 and 179,840,797 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively22
Additional paid-in capital14,18714,213
Retained earnings (accumulated deficit)1,372801
Accumulated Other Comprehensive Income (Loss), Net of Tax(7)(7)
Total Diamondback Energy, Inc. stockholders’ equity15,55415,009
Non-controlling interest658681
Total equity16,21215,690
Total liabilities and equity$ 27,587$ 26,209
Travis D. Stice
870
Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico. As of December 31, 2021, the company's total acreage position was approximately 524,700 gross acres in the Permian Basin; and estimated proved oil and natural gas reserves were 1,788,991 thousand barrels of crude oil equivalent. It also held working interests in 5,289 gross producing wells, as well as royalty interests in 6,455 additional wells. In addition, the company owns mineral interests approximately 930,871 gross acres and 27,027 net royalty acres in the Permian Basin and Eagle Ford Shale; and owns, operates, develops, and acquires midstream infrastructure assets, including 866 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system in the Midland and Delaware Basins of the Permian Basin. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.