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Diamondback Energy Inc(FANG) Stock Analysis | Energy
Market Performance
Stock returned +10.0% over the past year, broadly in line with market conditions.What is Diamondback Energy Inc?
, an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas, the United States.
The brief on Diamondback Energy Inc
The story behind the price, the case for and against, and what could go wrong. Open a part to read it.
What is Diamondback Energy Inc?
, an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas, the United States. The company 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, both of which are part of the Permian Basin in West Texas and New Mexico. The company is listed on the NASDAQ in USA, operating in the Energy sector, with a market capitalisation of 51.72B, and a P/E ratio of 35.3x.
Financial Highlights
Investment Breakdown
Analysis
Reward: Moderate (48)Similar stocks to compare
A short list of Oil & Gas E&P names that are close enough in size to make side-by-side comparison useful.
| Shares sold | Shares bought | |
|---|---|---|
| 0-3months | 0 | 0 |
| 3-6months | 17,857 shares $1.5M | 0 |
| 6-9months | 111,209,212 shares $199.7M | 0 |
| 9-12months | 1377,911 shares $52.4M | 0 |