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Diamondback Energy Inc FANG

Morningstar Rating
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Stock XNAS Rating as of
$200.74 +1.14 (0.57%)
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As of Delayed Price Post-Trading: $200.74 0.00
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Company Report

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Israel’s Response to Iran’s Strike Confirms Minimal Escalation View; Oil Markets Remain Oversupplied

Stephen Ellis

Israel has launched strikes against Iran in retaliation for an attack on April 14 (see our April 15 note for more analysis). The limited scope of Israel’s attack, which also included targets in Syria and Iraq; Iran's subdued response; and the ample warning Israel provided confirm our view that both parties wish to de-escalate tensions. We’d characterize this as a de-escalation attack. This view is in line with broader US and Group of Seven goals.

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Price vs Fair Value

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FANG is trading at a 16% premium.
Price
$199.60
Fair Value
$942.00
Uncertainty
High
1-Star Price
$521.50
5-Star Price
$472.10
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Diamondback is one of the lowest-cost oil producers operating in the United States.

Bears

Well productivity could decline when the best acreage is exhausted, pushing up break-evens over time.

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News

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Trading Information

Previous Close Price
$199.60
Day Range
$200.10–203.85
52-Week Range
$123.41–211.96
Bid/Ask
$200.72 / $200.75
Market Cap
$35.80 Bil
Volume/Avg
1.6 Mil / 1.8 Mil

Key Statistics

Price/Earnings (Normalized)
10.75
Price/Sales
4.31
Dividend Yield (Trailing)
4.07%
Dividend Yield (Forward)
4.07%
Total Yield
6.69%

Company Profile

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 2023, the company reported net proven reserves of 2.2 billion barrels of oil equivalent. Net production averaged about 448,000 barrels per day in 2023, at a ratio of 59% oil, 21% natural gas liquids, and 20% natural gas.
Sector
Energy
Industry
Oil & Gas E&P
Stock Style Box
Mid Value
Total Number of Employees
1,023
Website
https://www.diamondbackenergy.com

Competitors

Valuation

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Metric
FANG
OXY
DVN
Price/Earnings (Normalized)
 10.7517.889.15
Price/Book Value
 2.152.642.75
Price/Sales
 4.312.252.20
Price/Cash Flow
 6.395.455.01
Price/Earnings
FANG
OXY
DVN

Financial Strength

Metric
FANG
OXY
DVN
Quick Ratio
 0.680.510.83
Current Ratio
 0.770.921.07
Interest Coverage
 25.267.6613.38
Quick Ratio
FANG
OXY
DVN

Profitability

Metric
FANG
OXY
DVN
Return on Assets (Normalized)
 12.53%4.95%15.38%
Return on Equity (Normalized)
 21.98%17.14%32.24%
Return on Invested Capital (Normalized)
 15.63%8.25%21.67%
Return on Assets
FANG
OXY
DVN
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