Diamondback Energy, Inc (FANG) is a leading oil & gas e&p business based in the US. Diamondback Energy is listed on the NASDAQ and employs 712 staff. All prices are listed in US Dollars.
|52-week range||$14.1294 - $78.6655|
|50-day moving average||$52.3153|
|200-day moving average||$39.5822|
|Wall St. target price||$65.63|
|Dividend yield||$1.5 (2.47%)|
|Earnings per share (TTM)||$6.708|
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Valuing Diamondback Energy stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Diamondback Energy's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Diamondback Energy's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 40x. In other words, Diamondback Energy shares trade at around 40x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Diamondback Energy's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.2021. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Diamondback Energy's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Diamondback Energy's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $2.2 billion.
The EBITDA is a measure of a Diamondback Energy's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$3 billion|
|Operating margin TTM||24.43%|
|Gross profit TTM||$3.1 billion|
|Return on assets TTM||2.16%|
|Return on equity TTM||-33.55%|
|Market capitalisation||$10.1 billion|
TTM: trailing 12 months
There are currently 7.1 million Diamondback Energy shares held short by investors – that's known as Diamondback Energy's "short interest". This figure is 6.3% down from 7.6 million last month.
There are a few different ways that this level of interest in shorting Diamondback Energy shares can be evaluated.
Diamondback Energy's "short interest ratio" (SIR) is the quantity of Diamondback Energy shares currently shorted divided by the average quantity of Diamondback Energy shares traded daily (recently around 4.3 million). Diamondback Energy's SIR currently stands at 1.67. In other words for every 100,000 Diamondback Energy shares traded daily on the market, roughly 1670 shares are currently held short.
However Diamondback Energy's short interest can also be evaluated against the total number of Diamondback Energy shares, or, against the total number of tradable Diamondback Energy shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Diamondback Energy's short interest could be expressed as 0.05% of the outstanding shares (for every 100,000 Diamondback Energy shares in existence, roughly 50 shares are currently held short) or 0.0594% of the tradable shares (for every 100,000 tradable Diamondback Energy shares, roughly 59 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Diamondback Energy.
Find out more about how you can short Diamondback Energy stock.
Dividend payout ratio: 36.14% of net profits
Recently Diamondback Energy has paid out, on average, around 36.14% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.47% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Diamondback Energy shareholders could enjoy a 2.47% return on their shares, in the form of dividend payments. In Diamondback Energy's case, that would currently equate to about $1.5 per share.
While Diamondback Energy's payout ratio might seem fairly standard, it's worth remembering that Diamondback Energy may be investing much of the rest of its net profits in future growth.
Diamondback Energy's most recent dividend payout was on 19 November 2020. The latest dividend was paid out to all shareholders who bought their shares by 10 November 2020 (the "ex-dividend date").
Over the last 12 months, Diamondback Energy's shares have ranged in value from as little as $14.1294 up to $78.6655. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Diamondback Energy's is 2.5783. This would suggest that Diamondback Energy's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico. As of December 31, 2019, the company's total acreage position was approximately 455,378 gross acres in the Permian Basin; and estimated proved oil and natural gas reserves were 1,127,575 thousand barrels of crude oil equivalent. It also held working interests in 2,656 gross producing wells, as well as royalty interests in 4,161 additional wells. In addition, the company owns mineral interests approximately 814,224 gross acres and 24,304 net royalty acres in the Permian Basin and Eagle Ford Shale; and owns, operates, develops, and acquires midstream infrastructure assets, such as 867 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system in the Midland and Delaware Basins of the Permian Basin. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.
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