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Diamondback Energy Inc FANG

Morningstar Rating
$179.76 +1.81 (1.02%)
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Company Report

Diamondback Earnings: Operational Results Support Solid Endeavor Merger

Narrow-moat Diamondback Energy delivered a production total of 463,000 barrels of oil equivalent per day in the fourth quarter, a hair above guidance, 2% higher from the prior quarter, and in line for the full year. For 2024, management expects lower development costs and flat volumes compared with the fourth quarter, not including the Endeavor Energy merger scheduled to close at the end of this year. (Please see our Feb. 12 note for more on that deal.)

Price vs Fair Value

FANG is trading at a 8% premium.
Price
$179.76
Fair Value
$572.00
Uncertainty
High
1-Star Price
$639.21
5-Star Price
$299.40
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

Trading Information

Previous Close Price
$177.95
Day Range
$176.73179.82
52-Week Range
$119.01183.96
Bid/Ask
$179.75 / $181.97
Market Cap
$32.08 Bil
Volume/Avg
895 / 2.0 Mil

Key Statistics

Price/Earnings (Normalized)
9.69
Price/Sales
3.88
Dividend Yield (Trailing)
4.44%
Dividend Yield (Forward)
4.44%
Total Yield
7.36%

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 2022, 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

Competitors

Valuation

Metric
FANG
DVN
EOG
Price/Earnings (Normalized)
9.697.729.58
Price/Book Value
1.932.342.36
Price/Sales
3.881.852.88
Price/Cash Flow
5.754.235.98
Price/Earnings
FANG
DVN
EOG

Financial Strength

Metric
FANG
DVN
EOG
Quick Ratio
0.680.831.96
Current Ratio
0.771.072.44
Interest Coverage
25.2613.3864.84
Quick Ratio
FANG
DVN
EOG

Profitability

Metric
FANG
DVN
EOG
Return on Assets (Normalized)
12.53%15.69%16.14%
Return on Equity (Normalized)
21.98%32.89%25.79%
Return on Invested Capital (Normalized)
15.63%22.08%21.71%
Return on Assets
FANG
DVN
EOG
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HES
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DVN
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MRO
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AR
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