Headquartered in Midland, TX Fiscal year ends December NASDAQ: FANG diamondbackenergy.com
Diamondback Energy, Inc. (NASDAQ: FANG) is an independent oil and natural gas company focused on the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas. The company operates one of the largest production platforms among U.S. independents, producing over 1 million barrels of oil equivalent per day, with oil comprising roughly half of total volumes. Diamondback also consolidates Viper Energy, Inc., a publicly traded subsidiary that owns mineral and royalty interests. The company pursues an integrated development strategy including horizontal drilling across multiple Midland Basin zones (Wolfcamp, Spraberry, Jo Mill, Barnett), enhanced oil recovery research, and gas monetization initiatives including long-haul pipeline capacity to the Gulf Coast. Diamondback is also exploring large-scale power generation opportunities on its surface acreage to serve data center demand. Updated
Cipher Mining closed the session up 10.4% at $16.66, the widest gain across 111 priority names. At the other end, ON Semiconductor gave up 8.9% and Diamondback Energy 7.8%, a roughly 19-point spread between the best and worst names on the day.
Diamondback raised its quarterly payout 10% from a year ago to $1.10 a share, a signal the Permian pure play is funding shareholder returns comfortably at current crude prices. Buyers after today's ex-date miss this one.
Diamondback Energy is paying out $309 million to shareholders on August 20, at $1.10 a share, the biggest cash payment of today's group. Oil and gas names take three of the top five spots, with Smithfield Foods and Zions Bancorporation rounding out the list.
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Viper Energy, Inc. (NASDAQ:VNOM | VNOM Price Prediction) collects royalty income from Permian Basin oil and gas production without spending a dollar on drilling, and its dividend splits into a fixed base…
Mineral royalty companies rarely get credit for their natural gas exposure, but Viper Energy (NASDAQ:VNOM | VNOM Price Prediction) is positioned at the intersection of two powerful tailwinds: rising LNG export demand…
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Many on Wall Street are arguing that oil prices could remain elevated regardless of how the Iran conflict resolves, for several structural reasons. Global spare capacity is largely concentrated in a handful…
While the two-week ceasefire came as a relief to many, especially after President Trump had ramped up the rhetoric, the reality is that while boats can move through the Strait of Hormuz,…
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KeyBanc is raising its price target on Diamondback Energy (NASDAQ:FANG | FANG Price Prediction) to $225 from $196, maintaining an Overweight rating after resetting its oil price deck for Q1. The firm…
Joel South Live Updates There’s a Substantial Rare Earth Opportunity with the U.S.-Iran War9:36am ETThe U.S. may be running short on rare earth. In fact, after launching hundreds of missiles and guided weapons against…
Diamondback Energy, Inc. (NASDAQ: FANG) is an independent oil and natural gas company focused on the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas.
24/7 Wall St.'s 12-month price target for FANG is $200.92, rated Hold. The Wall Street consensus target is $234.66. FANG price prediction →
