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Diamondback Energy Inc Stock Research

FANG

128.56USD+3.14(+2.50%)Market Closed

Market Summary

USD128.56+3.14
Market Closed
2.50%

FANG Stock Price

FANG RSI Chart

FANG Valuation

Market Cap

23.1B

Price/Earnings (Trailing)

5.27

Price/Sales (Trailing)

2.4

EV/EBITDA

3.92

Price/Free Cashflow

3.66

FANG Price/Sales (Trailing)

FANG Profitability

EBT Margin

59.48%

Return on Equity

29.22%

Return on Assets

16.73%

Free Cashflow Yield

27.36%

FANG Fundamentals

FANG Revenue

Revenue (TTM)

9.6B

Revenue Y/Y

0.4%

Revenue Q/Q

-16.7%

FANG Earnings

Earnings (TTM)

4.4B

Earnings Y/Y

0.5%

Earnings Q/Q

-14.95%

Price Action

52 Week Range

103.71168.95
(Low)(High)

Last 7 days

2.4%

Last 30 days

-9.7%

Last 90 days

-6.6%

Trailing 12 Months

-6.8%

FANG Financial Health

Current Ratio

0.81

Debt/Equity

0.36

Debt/Cashflow

1.18

FANG Investor Care

Dividend Yield

8.8%

Dividend/Share (TTM)

11.31

Shares Dilution (1Y)

1.29%

Diluted EPS (TTM)

24.61

Peers (Alternatives to Diamondback Energy)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
63.2B
25.7B
-5.15% -8.91%
8.14
2.46
37.87% 66.36%
60.4B
37.1B
1.43% 2.50%
4.68
1.64
40.97% 472.95%
49.8B
19.8B
-11.00% -16.79%
9.45
2.71
44.20% 113.83%
46.5B
24.4B
-1.09% -22.21%
5.92
1.91
36.45% 270.40%
23.1B
9.6B
-9.71% -6.79%
5.27
2.4
41.87% 101.01%
14.4B
11.9B
-9.79% -13.75%
4.67
1.31
50.58% 232.96%
MID-CAP
8.6B
14.3B
-23.11% -36.18%
2.37
0.6
36.25% 156.85%
5.9B
5.3B
-12.67% -21.68%
5
1.11
49.01% 187.38%
5.6B
3.2B
-14.97% -16.65%
4.59
1.74
71.67% 107.57%
4.4B
3.6B
-33.88% 7.97%
4.99
1.94
130.82% 480.77%
3.1B
2.2B
-8.73% -1.71%
13.88
1.4
68.57% 391.06%
2.9B
3.6B
-15.46% -16.38%
2.5
0.79
96.03% 571.98%
2.0B
3.2B
-15.68% -48.14%
1.64
0.62
60.18% 231.32%
SMALL-CAP
1.7B
7.3B
3.03% 131.66%
4.67
0.23
55.45% 547.97%
805.4M
1.9B
-8.19% -35.44%
1.28
0.42
37.78% 335.50%

Financials for Diamondback Energy

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue0.1%9,6439,6359,1088,0216,797
  S&GA Expenses-7.7%144156160157146
Costs and Expenses2.1%3,1353,0722,9952,9312,796
EBITDA12.9%7,2156,3885,1574,381-
EBITDA Margin6.7%0.75*0.70*0.64*0.64*-
Earnings Before Taxes-0.7%5,7365,7775,0843,6432,907
EBT Margin-0.8%0.59*0.60*0.56*0.45*-
Interest Expenses-30.4%135194---
Net Income-1.4%4,3864,4503,9152,7822,182
Net Income Margin-1.5%0.45*0.46*0.42*0.34*-
Free Cahsflow4.5%6,3256,0515,3254,572-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets9.9%26,20923,84323,44823,33122,898
  Current Assets35.0%1,3921,0311,2011,3471,446
    Cash Equivalents481.5%15727.0043.00149654
  Inventory13.6%67.0059.0065.0062.0062.00
  Net PPE8.5%23,75921,90321,36921,10820,619
Liabilities13.3%10,5199,2859,0589,4799,653
  Current Liabilities2.3%1,7161,6781,6401,8721,438
  Long Term Debt-1.0%5,3475,4015,8036,642-
    LT Debt, Current0%10.0010.0055.0045.0045.00
    LT Debt, Non Current16.7%6,2385,3475,4015,8036,642
Shareholder's Equity8.4%15,00913,84314,39013,85212,088
  Retained Earnings310.8%801195-458-1,326-1,998
  Additional Paid-In Capital4.2%14,21313,64613,77214,06714,084
Accumulated Depreciation2.5%14,84414,48714,16013,84013,545
Shares Outstanding2.4%180176175178178
Minority Interest-4.8%6817151,0741,1091,157
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations4.5%6,3256,0515,3254,5723,944
  Share Based Compensation-1.8%55.0056.0056.0056.0051.00
Cashflow From Investing-53.6%-3,330-2,168-1,873-1,668-1,539
Cashflow From Financing20.2%-3,503-4,390-3,789-2,911-1,841
  Dividend Payments24.3%1,5721,265820351312
  Buy Backs-7.8%1,0981,191741450431

Risks for FANG

What is the probability of a big loss on FANG?

88.5%


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

Returns for FANG

Cumulative Returns on FANG

18.5%


10-Year Cumulative Returns

9.8%


7-Year Cumulative Returns

3.3%


5-Year Cumulative Returns

82.1%


3-Year Cumulative Returns

What are the long-term rolling returns for FANG?

FIve years rolling returns for Diamondback Energy.

Annualized Returns

Which funds bought or sold FANG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-24
PALISADE CAPITAL MANAGEMENT, LP
added
7.06
392,784
2,213,780
0.06%
2023-03-23
MetLife Investment Management, LLC
reduced
-2.42
665,804
6,831,070
0.06%
2023-03-17
American Portfolios Advisors
added
48.47
137,164
425,407
0.02%
2023-03-15
B. Riley Wealth Advisors, Inc.
added
42.84
537,635
1,404,640
0.04%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-22.27
-16,475,400
123,927,000
0.14%
2023-03-08
SHEETS SMITH WEALTH MANAGEMENT
unchanged
-
55,915
464,915
0.07%
2023-03-07
Nordwand Advisors, LLC
new
-
8,018,040
8,018,040
1.00%
2023-03-06
Rockefeller Capital Management L.P.
added
17.71
8,000,000
31,765,000
0.16%
2023-03-03
TIAA, FSB
new
-
231,705
231,705
-%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
added
0.96
1,327
14,327
0.01%

1–10 of 44

Latest Funds Activity

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

Diamondback Energy News

MarketBeat

AdvisorNet Financial Inc Sells 1714 Shares of Diamondback Energy ....

MarketBeat,
2 hours ago

Marketscreener.com

Nasdaq

Nasdaq

Zacks Investment Research

Investor's Business Daily

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

FANG Fair Value

Diamondback Energy fair value in different scenarios

The table shows the Fair Value estimates for Diamondback Energy for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

411.27

219.91%

529.52

311.89%

1039.18

708.32%

1732.27

1247.44%

2930.46

2179.45%
Current Inflation

377.96

194.00%

479.39

272.89%

918.02

614.08%

1505.88

1071.34%

2521.59

1861.41%
Very High Inflation

336.65

161.86%

418.42

225.47%

774.43

502.39%

1242.10

866.16%

2049.68

1494.34%

Historical Diamondback Energy Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Diamondback Energy

View All Filings
Date Filed Form Type Document
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 01, 2023
SC 13D
13D - Major Acquisition
Feb 28, 2023
3
Insider Trading
Feb 23, 2023
10-K
Annual Report
Feb 21, 2023
8-K
Current Report
Feb 09, 2023
SC 13G/A
Major Ownership Report

Latest Insider Trading transactions for FANG

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-01
Dick Teresa L.
acquired
-
-
23,222
cao, exec. vp, assist. sec.
2023-03-01
Stice Travis D.
acquired
-
-
91,051
chief executive officer
2023-03-01
Van't Hof Matthew Kaes
acquired
-
-
42,033
president & cfo
2023-03-01
Zmigrosky Matt
sold (taxes)
-1,156,690
140
-8,228
evp, chief legal and admin off
2023-03-01
Stice Travis D.
sold (taxes)
-5,187,680
140
-36,902
chief executive officer
2023-03-01
Dick Teresa L.
sold (taxes)
-1,530,490
140
-10,887
cao, exec. vp, assist. sec.
2023-03-01
Wesson Daniel N
sold (taxes)
-1,145,450
140
-8,148
exec. vp & coo
2023-03-01
Van't Hof Matthew Kaes
sold (taxes)
-2,426,130
140
-17,258
president & cfo
2023-03-01
Zmigrosky Matt
acquired
-
-
20,807
evp, chief legal and admin off
2023-03-01
Wesson Daniel N
acquired
-
-
21,668
exec. vp & coo

1–10 of 50

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.

FANG Income Statement

2022-12-31
Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:   
Revenues$ 9,566,000,000$ 6,747,000,000$ 2,756,000,000
Other operating income77,000,00050,000,00057,000,000
Total revenues9,643,000,0006,797,000,0002,813,000,000
Costs and expenses:   
Lease operating expenses652,000,000565,000,000425,000,000
Production and ad valorem taxes611,000,000425,000,000195,000,000
Gathering and transportation258,000,000212,000,000140,000,000
Depreciation, depletion, amortization and accretion1,344,000,0001,275,000,0001,311,000,000
Impairment of oil and natural gas properties006,021,000,000
General and administrative expenses144,000,000146,000,00088,000,000
Merger and integration expenses14,000,00078,000,0000
Other operating expenses112,000,00095,000,000109,000,000
Total costs and expenses3,135,000,0002,796,000,0008,289,000,000
Income (loss) from operations6,508,000,0004,001,000,000(5,476,000,000)
Other income (expense):   
Interest expense, net(159,000,000)(199,000,000)(197,000,000)
Other income (expense), net(5,000,000)(10,000,000)(7,000,000)
Gain (loss) on derivative instruments, net:(586,000,000)(848,000,000)(81,000,000)
Gain (loss) on sale of equity method investments023,000,0000
Gain (loss) on extinguishment of debt(99,000,000)(75,000,000)(5,000,000)
Income (loss) from equity investments77,000,00015,000,000(10,000,000)
Total other income (expense), net(772,000,000)(1,094,000,000)(300,000,000)
Income (loss) before income taxes5,736,000,0002,907,000,000(5,776,000,000)
Provision for (benefit from) income taxes1,174,000,000631,000,000(1,104,000,000)
Net income (loss)4,562,000,0002,276,000,000(4,672,000,000)
Net income (loss) attributable to non-controlling interest176,000,00094,000,000(155,000,000)
Net income (loss) attributable to Diamondback Energy, Inc.$ 4,386,000,000$ 2,182,000,000$ (4,517,000,000)
Earnings (loss) per common share:   
Basic (in dollars per share)$ 24.61$ 12.24$ (28.61)
Diluted (in dollars per share)$ 24.61$ 12.24$ (28.61)
Weighted average common shares outstanding:   
Basic (in shares)176,539176,643157,976
Diluted (in shares)176,539176,643157,976
Dividends declared per share (in dollars per share)$ 11.3100$ 1.9500$ 1.5250
Comprehensive income (loss):   
Net income (loss) attributable to Diamondback Energy, Inc.$ 4,386,000,000$ 2,182,000,000$ (4,517,000,000)
Other comprehensive income (loss), net of tax:   
Pension and postretirement benefit plans(7,000,000)00
Comprehensive income (loss) attributable to Diamondback Energy, Inc4,379,000,0002,182,000,000(4,517,000,000)
Oil sales   
Revenues:   
Revenues7,660,000,0005,396,000,0002,410,000,000
Natural gas sales   
Revenues:   
Revenues858,000,000569,000,000107,000,000
Natural gas liquid sales   
Revenues:   
Revenues$ 1,048,000,000$ 782,000,000$ 239,000,000

FANG Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 157$ 654
Restricted cash718
Accounts receivable:  
Joint interest and other, net10472
Oil and natural gas sales, net618598
Inventories6762
Derivative instruments13213
Income tax receivable2841
Prepaid expenses and other current assets2328
Total current assets1,3921,446
Property and equipment:  
Oil and natural gas properties, full cost method of accounting ($8,355 million and $8,496 million excluded from amortization at December 31, 2022 and December 31, 2021, respectively)37,12232,914
Other property, equipment and land1,4811,250
Accumulated depletion, depreciation, amortization and impairment(14,844)(13,545)
Property and equipment, net23,75920,619
Funds held in escrow11912
Equity method investments566613
Assets Held For Sale, Noncurrent158 
Assets held for sale 0
Derivative instruments234
Deferred income taxes, net6440
Investment in real estate, net8688
Other assets4276
Total assets26,20922,898
Current liabilities:  
Accounts payable - trade12736
Accrued capital expenditures480295
Current maturities of long-term debt1045
Other accrued liabilities399419
Revenues and royalties payable619452
Derivative instruments47174
Income taxes payable3417
Total current liabilities1,7161,438
Long-term debt6,2386,642
Derivative instruments14829
Asset retirement obligations336166
Deferred income taxes2,0691,338
Other long-term liabilities1240
Total liabilities10,5199,653
Commitments and contingencies (Note 15)
Stockholders’ equity:  
Common stock, $0.01 par value; 400,000,000 shares authorized; 179,840,797 and 177,551,347 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively22
Additional paid-in capital14,21314,084
Retained earnings (accumulated deficit)801(1,998)
Accumulated other comprehensive income (loss)(7)0
Total Diamondback Energy, Inc. stockholders’ equity15,00912,088
Non-controlling interest6811,157
Total equity15,69013,245
Total liabilities and equity$ 26,209$ 22,898