Diamondback posted solid third-quarter results, with total production of 1,034 mboe/d, outperforming our expectations. Oil mix was healthy, with oil production of 525 mbo/d, while cash operating costs of $10.91 per boe came in well below our expectations.
Diamondback has pioneered returns-enhancing technology in the field, such as horizontal drilling, and is expected to remain at the leading edge.
Well productivity could decline when the best acreage is exhausted, pushing up break-evens over time.
|
Metric
|
FANG
|
DVN
|
EOG
|
|---|---|---|---|
Price/Earnings (Normalized) | 12.67 | 9.87 | 10.93 |
Price/Book Value | 1.31 | 1.22 | 2.43 |
Price/Sales | 2.80 | 1.58 | 2.97 |
Price/Cash Flow | 4.66 | 3.86 | 6.03 |
|
Metric
|
FANG
|
DVN
|
EOG
|
|---|---|---|---|
Quick Ratio | 0.51 | 0.59 | 1.58 |
Current Ratio | 0.55 | 0.72 | 1.85 |
Interest Coverage | 10.98 | 9.18 | 32.77 |
|
Metric
|
FANG
|
DVN
|
EOG
|
|---|---|---|---|
Return on Assets (Normalized) | 8.55% | 9.06% | 14.43% |
Return on Equity (Normalized) | 16.25% | 17.36% | 24.51% |
Return on Invested Capital (Normalized) | 10.91% | 13.09% | 19.77% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| ConocoPhillips
COP
| LOCK|Cy>#$yk% | LOCK|#g$&X | $165B | |||
| Canadian Natural Resources Ltd
CNQ
| LOCK|rhNWHC | LOCK|^cLH | $102B | |||
| EOG Resources Inc
EOG
| LOCK|??mW%vx | LOCK|#<Rl | $77B | |||
| Occidental Petroleum Corp
OXY
| LOCK|k%Y | LOCK|?C | $57B | |||
| Devon Energy Corp
DVN
| LOCK|C@PXv#m | LOCK|#yn%> | $49B | |||
| EQT Corp
EQT
| LOCK|rKW#PNCn | LOCK|VY | $33B | |||
| Expand Energy Corp Ordinary Shares - New
EXE
| LOCK|G?p^#@$ | LOCK|qvw | $20B | |||
| Ovintiv Inc
OVV
| LOCK|!%@Lh#g | LOCK|ZB | $17B | |||
| Range Resources Corp
RRC
| LOCK|T$B%&> | LOCK|N#m | $12B |
United States