Diamondback Energy Stock Today

FANG Stock  USD 196.53  2.28  1.17%   

Performance

18 of 100

 
Low
 
High
Solid

Odds Of Distress

Less than 8

 
100  
 
Zero
Low
Diamondback Energy is trading at 196.53 as of the 28th of March 2024. This is a 1.17 percent up since the beginning of the trading day. The stock's lowest day price was 193.45. Diamondback Energy has only a 8 % chance of going through financial distress over the next few years and had a solid performance during the last 90 days. Equity ratings for Diamondback Energy are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Energy
IPO Date
12th of October 2012
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. The company has 178.45 M outstanding shares of which 5.51 M shares are currently shorted by private and institutional investors with about 2.07 trading days to cover. More on Diamondback Energy

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Diamondback Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Diamondback Energy's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Diamondback Energy or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO and President and DirectorTravis Stice
Thematic IdeaPetroleum and Natural Gas (View all Themes)
Old NameGranite FAANG
Business ConcentrationOil & Gas Exploration & Production, Oil & Gas E&P, Energy, SP 500 Index, Dow Jones Oil, Nasdaq 100, NASDAQ 100 Pre, ARCA Oil, NASDAQ Composite, NASDAQ Composite Total, Petroleum and Natural Gas, Energy, Oil, Gas & Consumable Fuels, Oil & Gas E&P, Energy (View all Sectors)
Average Analyst Recommendation
Analysts covering Diamondback Energy report their recommendations after researching Diamondback Energy's financial statements, talking to executives and customers, or listening in on Diamondback Energy's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Diamondback Energy. The Diamondback consensus assessment is calculated by taking the average forecast from all of the analysts covering Diamondback Energy.
Financial Strength
Based on the key measurements obtained from Diamondback Energy's financial statements, Diamondback Energy is performing exceptionally good at this time. It has a great risk to report excellent financial results in April. Financial strength of Diamondback Energy is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.140.2875
Way Down
Slightly volatile
Gross Profit Margin0.620.5754
Significantly Up
Pretty Stable
Total Current Liabilities2.2 B2.1 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total9.9 B9.5 B
Sufficiently Up
Slightly volatile
Total Assets30.5 B29 B
Sufficiently Up
Slightly volatile
Total Current Assets1.7 B1.6 B
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities6.2 B5.9 B
Sufficiently Up
Slightly volatile
Diamondback Energy's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Diamondback Energy's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Diamondback Energy's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Diamondback Energy's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Diamondback Energy's financial leverage. It provides some insight into what part of Diamondback Energy's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Diamondback Energy's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Diamondback Energy deploys its capital and how much of that capital is borrowed.
Liquidity
Diamondback Energy cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. 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.

Free Cash Flow

1.27 Billion
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. The company currently falls under 'Large-Cap' category with a current market capitalization of 34.66 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Diamondback Energy's market, we take the total number of its shares issued and multiply it by Diamondback Energy's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Diamondback Energy conducts business under Oil, Gas & Consumable Fuels sector and is part of Energy industry. The entity has 178.45 M outstanding shares of which 5.51 M shares are currently shorted by private and institutional investors with about 2.07 trading days to cover. Diamondback Energy currently holds about 27 M in cash with 5.92 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.15.
Check Diamondback Energy Probability Of Bankruptcy
Ownership Allocation
Diamondback Energy retains a total of 178.45 Million outstanding shares. The majority of Diamondback Energy outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Diamondback Energy to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Diamondback Energy. Please pay attention to any change in the institutional holdings of Diamondback Energy as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Diamondback Ownership Details

Diamondback Stock Price Odds Analysis

In reference to a normal probability distribution, the odds of Diamondback Energy jumping above the current price in 90 days from now is under 4%. The Diamondback Energy probability density function shows the probability of Diamondback Energy stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Diamondback Energy has a beta of 0.8992. This usually indicates Diamondback Energy market returns are reactive to returns on the market. As the market goes up or down, Diamondback Energy is expected to follow. Additionally, diamondback Energy has an alpha of 0.2657, implying that it can generate a 0.27 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 196.53HorizonTargetOdds Above 196.53
96.32%90 days
 196.53 
3.64%
Based on a normal probability distribution, the odds of Diamondback Energy to move above the current price in 90 days from now is under 4 (This Diamondback Energy probability density function shows the probability of Diamondback Stock to fall within a particular range of prices over 90 days) .

Diamondback Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Diamondback Energy that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Diamondback Energy's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Diamondback Energy's value.
InstituionRecorded OnShares
Nuveen Asset Management, Llc2023-12-31
3.1 M
Massachusetts Financial Services Company2023-12-31
2.9 M
Bank Of New York Mellon Corp2023-12-31
2.5 M
Dimensional Fund Advisors, Inc.2023-12-31
2.2 M
Pacer Advisors, Inc.2023-12-31
M
Northern Trust Corp2023-12-31
M
Diamond Hill Capital Management Inc2023-12-31
1.6 M
Yacktman Asset Management Co2023-12-31
1.5 M
T. Rowe Price Investment Management,inc.2023-12-31
1.5 M
Vanguard Group Inc2023-12-31
21.9 M
Blackrock Inc2023-12-31
14.7 M
View Diamondback Energy Diagnostics

Diamondback Energy Historical Income Statement

Diamondback Energy Income Statement is one of the three primary financial statements used for reporting Diamondback's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Diamondback Energy revenue and expense. Diamondback Energy Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Diamondback Energy's Total Revenue is most likely to increase significantly in the upcoming years. The Diamondback Energy's current Gross Profit is estimated to increase to about 5 B, while Non Operating Income Net Other is forecasted to increase to (524.1 M). View More Fundamentals

Diamondback Stock Against Markets

Picking the right benchmark for Diamondback Energy stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Diamondback Energy stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Diamondback Energy is critical whether you are bullish or bearish towards Diamondback Energy at a given time. Please also check how Diamondback Energy's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Diamondback Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Diamondback Energy Corporate Directors

Diamondback Energy corporate directors refer to members of a Diamondback Energy board of directors. The board of directors generally takes responsibility for the Diamondback Energy's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Diamondback Energy's board members must vote for the resolution. The Diamondback Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Mark PlaumannIndependent DirectorProfile
Michael CrossIndependent DirectorProfile
David HoustonIndependent DirectorProfile
Melanie TrentIndependent DirectorProfile

How to buy Diamondback Stock?

Before investing in Diamondback Energy, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Diamondback Energy. To buy Diamondback Energy stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Diamondback Energy. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Diamondback Energy stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Diamondback Energy stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Diamondback Energy stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Diamondback Energy, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Diamondback Stock please use our How to Invest in Diamondback Energy guide.

Already Invested in Diamondback Energy?

The danger of trading Diamondback Energy is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Diamondback Energy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Diamondback Energy. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Diamondback Energy is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

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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
17.33
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.