Diamondback Energy is a company engaged in hydrocarbon exploration and headquartered in Midland, Texas.
| Revenue (TTM) | $16.25B |
| Gross Profit (TTM) | $11.76B |
| EBITDA | $11.78B |
| Operating Margin | 48.50% |
| Return on Equity | 3.49% |
| Return on Assets | 1.31% |
| Revenue/Share (TTM) | $57.08 |
| Book Value | $135.08 |
| Price-to-Book | 1.37 |
| Price-to-Sales (TTM) | 3.23 |
| EV/Revenue | 3.777 |
| EV/EBITDA | 8.69 |
| Quarterly Earnings Growth (YoY) | 179.50% |
| Quarterly Revenue Growth (YoY) | 52.50% |
| Shares Outstanding | $280.02M |
| Float | $213.34M |
| % Insiders | 23.88% |
| % Institutions | 73.37% |
Volatility is currently expanding
Oil prices slipped back below $100 this week, and Diamondback Energy NASDAQ: FANG shareholders felt every bit of it. The Permian Basin producer now trades about 11% below its September high.
Diamondback Energy (FANG) reached $189.27 at the closing of the latest trading day, reflecting a -1.64% change compared to its last close.
SGF Fang Holdings, an investment vehicle for billionaire Lyndal Stephens Greth, sold more than 9 million Diamondback Energy shares.
There is a correlation between increasing dividends and strong investment performance — even if a stock has a low dividend yield when you buy.
Devon Energy and Diamondback gain significant upside from the Solitude Pipeline, securing substantial Permian gas takeaway capacity. Solitude's 4.5 Bcf/d capacity, with major producer backing, should structurally improve Waha basis but may shift congestion risk to Katy. DVN and FANG could see $1.00/mmbtu margin uplift, translating to $410mm and $120mm annual profit boosts, respectively, if Katy basis holds.
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Diamondback Energy (FANG) reached $211.53 at the closing of the latest trading day, reflecting a +2.82% change compared to its last close.
W&T Offshore, APA and Diamondback have been highlighted in this Industry Outlook article.
Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - United States industry, we advise tracking shares of WTI, APA and FANG.
WTI crude above $95 and rising Permian output prospects put Diamondback Energy, ExxonMobil and Chevron in focus as oil prices stay strong.
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