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Diamondback Energy Inc FANG Stock Quote

| Rating as of

NASDAQ: FANG

Last close prices updated as of Jun 09, 2023, 4:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 132.28
  • Sector Energy
  • Industry Oil & Gas E&P
  • Investment Style Mid Blend
  • Day Range 131.56  –  134.12
  • Year Range 103.71  –  168.95
  • Market Cap 23.9550 Bil
  • Volume / Avg 1.1 Mil /  2.1 Mil
  • Price / Sales 2.57
  • Price / Book 1.55
  • Forward Div Yield 6.87%
  • Trailing Div Yield 6.87%

Morningstar‘s Stock Analysis FANG

Valuation
Currency in
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

OPEC+ Defends Oil Prices With New Production Cut While Consolidating Influence Around the Saudis

Stephen Ellis Sector Strategist

Analyst Note

| Stephen Ellis |

On June 4, OPEC+ announced about 1.4 million barrels per day of production cuts. Saudi Arabia would cut 1 million barrels per day production cut in July 2023 for one month, though it can be extended, which we consider a realistic cut, while the remaining 400,000 net barrels are aligning quotas to actual production levels, and we’d consider paper barrels. The previously announced 1.6 million barrels per day cut (or about 600,000-700,000 barrels per day allowing for quota underproduction) by OPEC cut in April has now been extended through the end of 2024 from through the end of 2023. Our fair value estimates and moat ratings for our U.S. oil and gas coverage are unchanged following the announcement. We’d flag Equitrans and ExxonMobil as undervalued.

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Key Statistics FANG

Company Profile FANG

Business Description

Diamondback Energy is an independent oil and gas producer in the United States. The company operates exclusively in the Permian Basin. At the end of 2022, the company reported net proven reserves of 2 billion barrels of oil equivalent. Net production averaged about 386,000 barrels per day in 2022, at a ratio of 58% oil, 21% natural gas liquids, and 21% natural gas.

Contact
500 West Texas Avenue, Suite 1200
Midland, TX, 79701
Sector Energy
Industry Oil & Gas E&P
Employees 972

Related Articles FANG

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of FANG’s competitive advantage.

Diamondback Energy Inc

XNAS: FANG

EOG Resources Inc

XNYS: EOG

Pioneer Natural Resources Co

XNYS: PXD
Price
132.28116.25204.80
Currency
USDUSDUSD
Change
−$1.06 (0.80%) +$0.10 (0.09%) −$2.23 (1.08%)
Market Cap
23.96 Bil67.99 Bil47.87 Bil
Industry
Oil & Gas E&P Oil & Gas E&P Oil & Gas E&P
Sector
Energy
Energy
Energy

* Trading data in this section is delayed by at least 15 minutes.

FAQs for Diamondback Energy Inc Stock

Yes. FANG has a forward dividend yield of 6.87%. See FANG’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

FANG’s market cap is 23.96 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

FANG’s stock style is Mid Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

FANG’s price/sales is 2.57.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

FANG’s price/forward earnings is 5.48.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

FANG’s price/book is 1.55.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See FANG’s valuation ratios compared to the Market Index.

FANG’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare FANG’s historical performance against its industry peers and the overall market.