Diamondback Energy, Inc. (FANG) Stock

About Diamondback Energy, Inc.

Diamondback Energy, Inc. operates as an independent enterprise focused on oil and natural gas. Its core business involves the acquisition, development, exploration, and production of unconventional and onshore hydrocarbon reserves, predominantly located within the Permian Basin across West Texas and New Mexico. The company's development efforts primarily target significant geological formations, including the Spraberry and Wolfcamp in the Midland Basin, as well as the Wolfcamp and Bone Spring within the Delaware Basin – both crucial components of the broader Permian. As of December 31, 2021, Diamondback Energy's asset base included approximately 524,700 gross acres under its control in the Permian Basin. At that time, its estimated proved oil and natural gas reserves amounted to 1,788,991 thousand barrels of crude oil equivalent. The company also maintained working interests in 5,289 gross producing wells and held royalty interests in an additional 6,455 wells. Beyond its direct well operations, Diamondback Energy possesses mineral interests spanning roughly 930,871 gross acres and 27,027 net royalty acres across the Permian Basin and the Eagle Ford Shale. Furthermore, it manages a portfolio of midstream infrastructure, owning, operating, developing, and acquiring assets such as 866 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system within the Midland and Delaware Basins of the Permian. Established in 2007, Diamondback Energy, Inc. is headquartered in Midland, Texas.

Diamondback Energy, Inc. is led by CEO Matthew Kaes Van't Hof, employs 1,983 people, headquartered in Midland, US, publicly traded since 2012.

Diamondback Energy, Inc. (FANG) stock trades at $199.13 with a market capitalization of $56.02B. The stock is valued at a price-to-earnings (P/E) ratio of 204.28, price-to-book of 1.53, price-to-sales of 3.77. Over the past 52 weeks the stock has ranged between $134.30 and $214.51, and currently trades 7.2% below its 52-week high. It pays a dividend yielding 2.04%.

On profitability, Diamondback Energy, Inc. generates a return on equity (ROE) of 0.47%, return on capital employed of 11.45%, an operating margin of 22.12%, a net profit margin of 2.65%.

In its most recent fiscal year, Diamondback Energy, Inc. reported annual revenue of $15.0B, net profit of $1.7B, revenue has compounded at 39.8% a year over the last five years.

The balance sheet shows a debt-to-equity ratio of 0.38 — a conservative balance sheet with little leverage risk, a current ratio of 0.42, total assets of $71.1B, $106.0M in cash and equivalents.

FANG has an average daily trading volume of 2,395,663 shares, a beta of 0.39 (less volatile than the overall market).

Official website: www.diamondbackenergy.com