$83.78 $0.00 (0.0%)

01:06 PM EST on 12/10/19

Diamondback Energy (NASDAQ:FANG)

CAPS Rating: 4 out of 5

Current Price $83.78 Mkt Cap $13.4B
Open $83.86 P/E Ratio 12.46
Prev. Close $83.78 Div. (Yield) $0.69 (0.8%)
Daily Range $83.34 - $84.62 Volume 674,551
52-Wk Range $73.18 - $114.14 Avg. Daily Vol. 2,257,935

Caps

How do you think NASDAQ:FANG will perform against the market?

Add Stock to CAPS Watchlist

All Players

66 Outperform
6 Underperform
 

All-Star Players

9 Outperform
3 Underperform
 

Wall Street

2 Outperform
1 Underperform
 

Top NASDAQ:FANG Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

Top Bull Pitch

There are no pitches that meet the Top Bull criteria. Explain

If this upsets you, start recommending pitches below!

Top Bear Pitch

There are no pitches that meet the Top Bear criteria. Explain

If this upsets you, start recommending pitches below!

NASDAQ:FANG VS S&P 500 (SPY)

NASDAQ:FANG Summary

Fools bullish on NASDAQ:FANG are also bullish on:

Fools bearish on NASDAQ:FANG are also bearish on:

Recent Community Commentary

Read the most recent pitches from players about FANG.

Recs

0
Member Avatar BretterThanMost (47.80) Submitted: 9/4/2019 9:04:48 PM : Outperform Start Price: $98.68 NASDAQ:FANG Score: -20.15

said to be a low cost producer in the industry; need to do more research

Recs

0
Member Avatar TMFEBCapital (84.68) Submitted: 7/22/2019 11:03:27 AM : Outperform Start Price: $103.91 NASDAQ:FANG Score: -24.31

Diamondback Energy, the third largest oil and gas producer in the prolific Permian Basin in Western Texas and Nevada. In 2007, it had about 4,000 acres in the Permian. Today, it has approximately 604,367 gross acres there, including 231,100 acres in the Midland Basin and approximately 232,143 acres in the Delaware Basin. Using horizontal drilling, Diamondback Energy is producing increasingly more oil and gas at attractive yields. It completed its first horizontal wells in 2012 and now, it operates nearly 1,200 horizontal wells. Diamondback's Permian Basin net production was 47,610 MBOE in 2018, comprising 72% oil, 16% natural gas liquids, and 12% natural gas. It drilled 189 gross wells in 2018 and in 2019, it expects to complete at least 290 horizontal wells. Revenue was $2.2 billion in 2018, up from $527 million in 2016, and given estimated proved oil and natural gas reserves of 992,001 MBOE, Diamondback could be one of the best oil stocks for long-term investors to own.

Recs

0
Member Avatar rhallbick (88.92) Submitted: 4/8/2018 12:48:37 PM : Outperform Start Price: $125.51 NASDAQ:FANG Score: -52.41

Diamondback Energy, Inc. (NASDAQ GS: FANG)

Continuing a "crude oil prices hold at about $60" thesis with this independent oil & gas driller operating in the West Texas Permian Basin. This thesis is that OPEC and cooperating countries have sought to reduce global crude oil inventories to their five-year average, and for the time being will continue to support the market with internal production quotas. Meanwhile, worldwide demand continues to grow and US oil companies benefit by higher production at higher prices. Risks include break-away countries seeking to benefit by cheating on their OPEC agreements, and US oil shale producers expanding too fast.

Crude oil pricing bottomed in early 2016 and has more than doubled since that time. From 2016 to 2017, FANG's average production increased from 43k to 79k of Barrel of Oil Equivalent per day (BOE/d). At the same time, the realized (hedged) average price for them improved from $33.54 to $41.26 BOE. Crude oil pricing spent 2017 between $42 and $58 Bbl. So far in 2018, it has been $58 to $66 Bbl.

This company's position in the Permian Basin is 206,660 net acres with estimated proved oil and natural gas reserves of 335,352 MBOE. They are operating ten rigs now and currently intend to operate between ten and twelve rigs in 2018, depending on market conditions. They have the option to drop eight rigs if oil prices were to plummet.

As of February 7, 2018, 98,167,289 shares of the common stock were outstanding, with $4.95 per share in 2017 earnings. Average estimated 2018 earnings are $6.85.

This pick increases this portfolio's allocation to the oil & gas sector to 6.6%. The picks range from stable mid-level drillers to companies that have bordered on bankruptcy with the previous cycle-low oil prices. So far in 2018, the companies with better balance sheets are performing better in stock price appreciation.

Price: $126.68 . | . Annualized Dividend: $0.00 . | . Dividend Yield: 0.00%

Leaderboard

Find the members with the highest scoring picks in FANG.

Score Leader

TrackCreditSuiss

TrackCreditSuiss (86.65) Score: +304.02

The Score Leader is the player with the highest score across all their picks in FANG.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
kjones66 < 20 10/17/2012 Outperform 1Y $17.50 +382.31% +114.68% +267.63 0 Comment
lmkwin1 < 20 5/16/2013 Outperform 5Y $30.88 +173.26% +89.21% +84.05 0 Comment
HoustonThomas 99.72 5/27/2016 Underperform 5Y $91.65 -7.92% +49.44% +57.36 0 Comment
sandyroy25 69.00 8/18/2014 Underperform 5Y $77.78 +8.50% +59.39% +50.88 0 Comment
ratberto < 20 5/3/2019 Underperform 3W $99.25 -14.97% +7.17% +22.15 0 Comment
Rader5 < 20 8/28/2013 Outperform 5Y $40.98 +105.94% +91.11% +14.83 0 Comment
jdbishopd22 < 20 8/29/2013 Outperform 5Y $40.90 +106.34% +91.79% +14.55 0 Comment
syakita 55.42 11/22/2019 Outperform 5Y $75.55 +11.70% +0.84% +10.86 0 Comment
TMFDeidre 53.53 10/17/2019 Outperform 5Y $83.62 +0.93% +4.66% -3.74 0 Comment
jmaryn 99.40 12/15/2014 Underperform 5Y $52.37 +61.13% +55.30% -5.84 0 Comment

Wall Street

See what the Wall Street professionals think, according to their public statements and filings.

There are no Wall Street tracker picks for FANG.