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Last $81.38 USD
Change Today +0.76 / 0.94%
Volume 802.5K
FANG On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

diamondback energy inc (FANG) Snapshot

Open
$79.88
Previous Close
$80.62
Day High
$81.70
Day Low
$79.35
52 Week High
06/18/14 - $93.33
52 Week Low
12/15/14 - $51.69
Market Cap
5.1B
Average Volume 10 Days
1.0M
EPS TTM
$2.10
Shares Outstanding
63.0M
EX-Date
--
P/E TM
38.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for DIAMONDBACK ENERGY INC (FANG)

diamondback energy inc (FANG) Related Businessweek News

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diamondback energy inc (FANG) 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. Its activities are primarily focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn, and Atoka formations. As of December 31, 2014, the company acquired net acreage position of approximately 85,369 acres in the Permian Basin; and estimated proved oil and natural gas reserves were 112,832 thousand barrels of crude oil equivalent, as well as owned interests in 596 net productive wells. It also owns mineral interests underlying approximately 24,528 gross acres in the Permian Basin. The company was founded in 2007 and is headquartered in Midland, Texas.

114 Employees
Last Reported Date: 02/20/15
Founded in 2007

diamondback energy inc (FANG) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $717.2K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $295.0K
Vice President of Operations
Total Annual Compensation: $700.5K
Vice President of Business Development and La...
Total Annual Compensation: $267.5K
Vice President of Reservoir Engineering
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2014.

diamondback energy inc (FANG) Key Developments

Diamondback Energy Seeks Acquisitions

Diamondback Energy, Inc. (NasdaqGS:FANG) may use a portion of its public offering od 3 million shares to fund a portion of its exploration and development activities and for general corporate purposes, which may include leasehold interest and property acquisitions and working capital.

Diamondback Energy Inc. Reports Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2015; Provides Production and Capital Expenditure Guidance for the Year 2015

Diamondback Energy Inc. reported unaudited consolidated earnings and operating results for the first quarter ended March 31, 2015. For the quarter, oil and natural gas revenues were $101,401,000 against $98,004,000 in the same quarter last year. Income from operations was $1,437,000 against $48,063,000 for the same period in the last year. Net income before income tax was $9,809,000 against $37,190,000 for the same period in the last year. Net income was $6,439,000 or $0.10 per diluted share against $23,589,000 or $0.48 per diluted share for the same period in the last year. Adjusted EBITDA was $110,283,000 against $80,272,000 a year ago. Adjusted net income was $22,395,000 or $0.38 per basic and diluted share against $25,709,000 or $0.53 per basic and diluted share for the same period in the last year. Net cash provided by operating activities was $99,143,000 against $71,466,000 for the same period in the last year. For the quarter, the company reported oil production of 2,132,000 MBbl against 960,000 MBbl for the same period in the last year. Natural gas production was 1,599,000 MMcf against 708,000 MMcf for the same period in the last year. Natural gas liquids production was 359,000 MBbls against 142,000 MBbls for the same period in the last year. Oil equivalents production was 2,757,000 MBOE against 1,220,000 MBOE for the same period in the last year. The company provided production and capital expenditure guidance for the year 2015. For the year, the company expects capital expenditure to be in the range of $400 to $450 million. Interest expense (net of interest income) to range from $40.0 million to $50.0 million. For the year, the company expects total net production to range from 29.0 MBoe/d to 31.0 MBoe/d.

Diamondback Energy, Inc., Viper Energy Partners LP, Q1 2015 Earnings Call, May 07, 2015

Diamondback Energy, Inc., Viper Energy Partners LP, Q1 2015 Earnings Call, May 07, 2015

 

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FANG

Industry Average

Valuation FANG Industry Range
Price/Earnings 25.8x
Price/Sales 9.5x
Price/Book 2.6x
Price/Cash Flow 13.7x
TEV/Sales 8.5x
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