Steven West - Diamondback Energy Chairman of the Board

FANG Stock  USD 199.60  1.55  0.77%   

Chairman

Mr. Steven E. West serves as Independent Chairman of the Board of Diamondback Energy, Inc. Mr. West has served as a director of the Company since December 2011 and Chairman of the Board since October 2012. Mr. West served as our Chief Executive Officer from January 2009 to December 2011. From January 2011 until December 2016, Mr. West was a partner at Wexford Capital LP, or Wexford Capital, focusing on Wexford Capitals private equity energy investments. From August 2006 until December 2010, Mr. West served as senior portfolio advisor at Wexford Capital. From August 2003 until August 2006, Mr. West was the Chief Financial Officer of Sunterra Corporationrationration, a former Wexford Capital portfolio company. From December 1993 until July 2003, Mr. West held senior financial positions at Coast Asset Management and IndyMac Bank. Prior to that, Mr. West worked at First Nationwide Bank, Lehman Brothers and Peat Marwick Mitchell Co., the predecessor of KPMG LLP. Since February 2014, Mr. West has also served as a director and Executive Chairman of the general partner of Viper Energy Partners LP, our publicly traded subsidiary, which we refer to as Viper since 2012.
Age 57
Tenure 12 years
Address 500 West Texas Avenue, Midland, TX, United States, 79701
Phone432 221 7400
Webhttps://www.diamondbackenergy.com
West holds a BS degree in Accounting from California State University, Chico. We believe Mr. West’s background in finance, accounting and private equity energy investments, as well as his executive management skills developed as part of his career with Wexford Capital, its portfolio companies and other financial institutions qualify him to serve on our board of directors. In particular, we believe Mr. West’s strengths in the following core competencies provide value to our board of directors: Corporationrationrationrate Governance; Finance/Capital Markets; Financial Reporting/Accounting Experience; Industry Background; Executive Experience; Executive Compensation; and Risk Management.

Steven West Latest Insider Activity

Tracking and analyzing the buying and selling activities of Steven West against Diamondback Energy stock is an integral part of due diligence when investing in Diamondback Energy. Steven West insider activity provides valuable insight into whether Diamondback Energy is net buyers or sellers over its current business cycle. Note, Diamondback Energy insiders must abide by specific rules, including filing SEC forms every time they buy or sell Diamondback Energy'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Diamondback Energy Management Efficiency

The company has return on total asset (ROA) of 0.0983 % which means that it generated a profit of $0.0983 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.2015 %, meaning that it created $0.2015 on every $100 dollars invested by stockholders. Diamondback Energy's management efficiency ratios could be used to measure how well Diamondback Energy manages its routine affairs as well as how well it operates its assets and liabilities. The Diamondback Energy's current Return On Tangible Assets is estimated to increase to 0.11. The Diamondback Energy's current Return On Capital Employed is estimated to increase to 0.18. At this time, Diamondback Energy's Non Currrent Assets Other are most likely to increase significantly in the upcoming years. The Diamondback Energy's current Total Current Assets is estimated to increase to about 1.7 B, while Debt To Assets are projected to decrease to 0.18.
The company currently holds 6.8 B in liabilities with Debt to Equity (D/E) ratio of 0.38, which is about average as compared to similar companies. Diamondback Energy has a current ratio of 0.6, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Diamondback Energy until it has trouble settling it off, either with new capital or with free cash flow. So, Diamondback Energy's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Diamondback Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Diamondback to invest in growth at high rates of return. When we think about Diamondback Energy's use of debt, we should always consider it together with cash and equity.

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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. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas. Diamondback Energy operates under Oil Gas EP classification in the United States and is traded on NASDAQ Exchange. It employs 870 people. Diamondback Energy (FANG) is traded on NASDAQ Exchange in USA. It is located in 500 West Texas Avenue, Midland, TX, United States, 79701 and employs 1,023 people. Diamondback Energy is listed under Oil & Gas Exploration & Production category by Fama And French industry classification.

Management Performance

Diamondback Energy Leadership Team

Elected by the shareholders, the Diamondback Energy's board of directors comprises two types of representatives: Diamondback Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Diamondback. The board's role is to monitor Diamondback Energy's management team and ensure that shareholders' interests are well served. Diamondback Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Diamondback Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
Thomas Hawkins, Senior Vice President—Land
Matt Zmigrosky, Executive Vice President General Counsel, Secretary
Matthew Hof, President CFO
Jeffrey White, VP of Operations
Jere III, Executive Development
Mark Plaumann, Independent Director
Randall Holder, Vice President General Counsel, Secretary
Kaes Hof, Senior Vice President—Strategy and Corporate Development
Kara BlubaughFew, Senior Vice President of Accounting and Controller
Steven West, Chairman of the Board
Russell Pantermuehl, VP of Reservoir Engineering
Jennifer Soliman, Chief Human Resource Officer, Senior Vice President
Michael Hollis, COO and VP
David Meek, Vice Resources
Paul Molnar, Vice President - Geoscience
Elizabeth Moses, VP of Bus. Devel. and Land
Al Barkmann, Vice President of Reservoir Engineering
Travis Stice, CEO and President and Director
Daniel Wesson, Senior Vice President of Operations
Joe Niederhofer, Senior Vice President of Midstream Operations
Teresa Dick, Executive Officer
Marc IV, Senior Affairs
Adam Lawlis, IR Contact Officer
Michael Cross, Independent Director
David Cannon, Senior Vice President of Geoscience and Technology
Greg Dolezal, VP Officer
Marc Dingler, Senior Vice President of Government Affairs and Deputy General Counsel
David Houston, Independent Director
Melanie Trent, Independent Director
Johnny Dossey, Vice Marketing

Diamondback Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Diamondback Energy a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When determining whether Diamondback Energy is a strong investment it is important to analyze Diamondback Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Diamondback Energy's future performance. For an informed investment choice regarding Diamondback Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diamondback Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For more detail on how to invest in Diamondback Stock please use our How to Invest in Diamondback Energy guide.
You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

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When running Diamondback Energy's price analysis, check to measure Diamondback Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Diamondback Energy is operating at the current time. Most of Diamondback Energy's value examination focuses on studying past and present price action to predict the probability of Diamondback Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Diamondback Energy's price. Additionally, you may evaluate how the addition of Diamondback Energy to your portfolios can decrease your overall portfolio volatility.
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Is Diamondback Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Diamondback Energy. If investors know Diamondback will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Diamondback Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.05)
Dividend Share
8.12
Earnings Share
17.34
Revenue Per Share
44.217
Quarterly Revenue Growth
0.113
The market value of Diamondback Energy is measured differently than its book value, which is the value of Diamondback that is recorded on the company's balance sheet. Investors also form their own opinion of Diamondback Energy's value that differs from its market value or its book value, called intrinsic value, which is Diamondback Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Diamondback Energy's market value can be influenced by many factors that don't directly affect Diamondback Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Diamondback Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Diamondback Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Diamondback Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.