Last €60.18 EUR
Change Today +0.81 / 1.37%
Volume 55.0
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As of 2:39 PM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

diamondback energy inc (7DB) Snapshot

Open
€58.75
Previous Close
€59.37
Day High
€60.18
Day Low
€58.44
52 Week High
06/25/14 - €66.50
52 Week Low
01/28/14 - €33.97
Market Cap
3.5B
Average Volume 10 Days
2.6
EPS TTM
--
Shares Outstanding
58.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for DIAMONDBACK ENERGY INC (7DB)

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diamondback energy inc (7DB) Details

Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. The company’s activities are primarily focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn, and Atoka formations. As of December 31, 2013, its net leasehold acreage in the Permian Basin was approximately 65,938 net acres; and estimated proved oil and natural gas reserves were 63,586 thousand barrels of crude oil equivalent. The company also held interests in 306 net producing wells in the Permian Basin. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.

68 Employees
Last Reported Date: 02/19/14
Founded in 2007

diamondback energy inc (7DB) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $2.1M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $560.0K
Vice President of Operations
Total Annual Compensation: $700.5K
Vice President of Drilling
Total Annual Compensation: $796.0K
Vice President of Reservoir Engineering
Total Annual Compensation: $758.7K
Compensation as of Fiscal Year 2013.

diamondback energy inc (7DB) Key Developments

Diamondback Energy, Inc. Announces Unaudited Operating Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Operating and Capital Expenditure Guidance for the Fiscal 2015

Diamondback Energy, Inc. announced unaudited operating results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company announced oil production of 1,785 MBbl compared to 760 MBbl for the same period a year ago. Natural gas production was 1,447 MMcf compared to 525 MMcf for the same period a year ago. Natural gas liquids production was 341 MBbls compared to 112 MBbls for the same period a year ago. Oil equivalents production was 2,367 MBOE compared to 959 MBOE for the same period a year ago. Average daily production was 25,724 BOE/d compared to 10,426 BOE/d for the same period a year ago. For the full year, the company announced oil production of 5,382 MBbl compared to 2,023 MBbl for the same period a year ago. Natural gas production was 4,346 MMcf compared to 1,730 MMcf for the same period a year ago. Natural gas liquids production was 1,002 MBbls compared to 361 MBbls for the same period a year ago. Oil equivalents production was 7,108 MBOE compared to 2,672 MBOE for the same period a year ago. Average daily production was 19,474 BOE/d compared to 7,321 BOE/d for the same period a year ago. The company provided operating and capital expenditure guidance for the fiscal 2015. The company forecasts 2015 production to average between 26.0 Mboe/d and 28.0 Mboe/d, of which 4.2 Mboe/d to 4.5 Mboe/d is attributable to Viper. The 2015 production guidance range for Diamondback represents approximately 40% growth at the midpoint as compared to 2014 production. Consistent with a slower drilling program, the company's board has approved a 2015 capital expenditures budget for drilling, completion and infrastructure in an estimated range of $400 million to $450 million, which represents more than a 40% reduction from the initial plan to run eight rigs.

Diamondback Energy, Inc., Q4 2014 Guidance/Update Call, Jan 14, 2015

Diamondback Energy, Inc., Q4 2014 Guidance/Update Call, Jan 14, 2015

Diamondback Seeks Acquisitions

Diamondback Energy, Inc. (NasdaqGS:FANG) is seeking acquisitions. Travis Stice, Chief Executive Officer of Diamondback, said, "Diamondback's focus this year is on capital discipline, stockholder returns, and maintaining a strong balance sheet. With our focus on returns, we will continue to drill where returns are the highest. Diamondback remains committed to looking for opportunities to expand its business through accretive transactions, not only through acquisitions but also through 'drill to earn' and other joint venture opportunities. However, we will not do a dilutive deal simply to get larger. I believe that Diamondback remains an attractive investment as a low cost producer in the highest return basin."

 

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7DB

Industry Average

Valuation 7DB Industry Range
Price/Earnings 29.5x
Price/Sales 8.4x
Price/Book 2.3x
Price/Cash Flow 14.9x
TEV/Sales 6.7x
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