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Diamondback Energy (FANG)

(Delayed Data from NSDQ)

$205.86 USD

205.86
1,663,289

-1.90 (-0.91%)

Updated Apr 29, 2024 04:00 PM ET

After-Market: $205.87 +0.01 (0.00%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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C Value C Growth A Momentum C VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 38% (156 out of 252)

Industry: Oil and Gas - Exploration and Production - United States

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Zacks News

Founded in 2007, Midland, TX-headquartered Diamondback Energy, Inc. is an independent oil and gas exploration & production company, with its primary focus on the Permian Basin, where it has around 394,000 net acres. Its activities are concentrated in the Wolfcamp, Spraberry, Clearfork, Bone Spring, and Cline formations. In Nov 29, 2018, Diamondback completed its $9.2 billion buyout of Energen Corporation to boost its Permian presence.

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Watch These 3 Energy Stocks With Fortress Balance Sheet

It would be wise for investors to keep an eye on ExxonMobil (XOM), ConocoPhillips (COP) and Diamondback Energy (FANG), as these stocks can lean on their strong balance sheets to counter volatility.

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Permian Oil Drilling Rig Count Rises for 2 Straight Weeks

In its weekly release, Baker Hughes (BKR) reports that its count of oil and gas rigs has increased for two successive weeks.

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Top Analyst Reports for Apple, Meta Platforms & Intel

Today's Research Daily features new research reports on 16 major stocks, including Apple Inc. (AAPL), Meta Platforms, Inc. (META) and Intel Corporation (INTC).

Zacks Industry Outlook Highlights Diamondback Energy, Coterra Energy, APA and Magnolia Oil & Gas

Diamondback Energy, Coterra Energy, APA and Magnolia Oil & Gas are part of the Zacks Industry Outlook article.

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4 Stocks to Navigate Challenges in the U.S. Upstream Industry

Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - United States industry, we advise focusing on companies like FANG, CTRA, APA and MGY.

Diamondback (FANG) Q4 Earnings Beat Estimates on Strong Output

For 2024, Diamondback Energy (FANG) forecasts a capital spending budget between $2.3 billion and $2.55 billion and looks to pump around 458,000-466,000 BOE/d of hydrocarbon.

Zacks Value Trader Highlights: Occidental Petroleum, Chevron, Diamondback Energy, APA and TotalEnergies

Occidental Petroleum, Chevron, Diamondback Energy, APA and TotalEnergies are part of the Zacks Value Trader Blog.

The Progressive and Archer Daniels Midland have been highlighted as Zacks Bull and Bear of the Day

The Progressive and Archer Daniels Midland are part of the Zacks Bull and Bear of the Day article.

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Permian Oil Drilling Rig Count Rises in 5 of Prior 10 Weeks

In its weekly release, Baker Hughes (BKR) reports that its count of oil and gas rigs has increased in five of the past 10 weeks.

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Keep an Eye on 3 Permian Stocks as Oil Prices Remain Strong

Improving Permian production amid healthy oil prices raises the incentive to keep an eye on companies like ExxonMobil (XOM), Matador Resources (MTDR) and Diamondback Energy (FANG),

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Buffett Sticks with Energy Stocks: Should You?

Wall Street ignored energy stocks in 2023 and is doing so again in 2024. But Buffett is not.

Here's What Key Metrics Tell Us About Diamondback (FANG) Q4 Earnings

While the top- and bottom-line numbers for Diamondback (FANG) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Should You Buy Diamondback Energy (FANG) Ahead of Earnings?

Diamondback Energy (FANG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Can APA Maintain Its Impressive Beat Streak in Q4 Earnings?

Higher U.S. output and lower lease operating expenses are likely to have boosted APA Corporation's (APA) profit levels in the fourth quarter.

Diamondback's (FANG) Q4 Earnings Preview: Things to Consider

Diamondback Energy (FANG) beat the Zacks Consensus Estimate for earnings in two of the last four quarters and missed in the other two.

Analysts Estimate Range Resources (RRC) to Report a Decline in Earnings: What to Look Out for

Range Resources (RRC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Diamondback Energy (FANG) Stock Moves -0.23%: What You Should Know

The latest trading day saw Diamondback Energy (FANG) settling at $165.60, representing a -0.23% change from its previous close.

Analysts Estimate Diamondback Energy (FANG) to Report a Decline in Earnings: What to Look Out for

Diamondback (FANG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Diamondback (FANG) to Merge With Endeavor in a $26B Deal

Diamondback (FANG) joins forces with Endeavor Energy Resources, forming a $26B Permian Basin powerhouse, poised for substantial growth and profitability.

Company News for Feb 13, 2024

Companies In The Article Are: FANG, JOBY,C, CBAY and GILD

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Markets Flattish Ahead of CPI Data Tuesday

Marginal earnings misses -- or even beats with less-than-exceptional guidance -- are sending some stocks much lower on their Q4 news.

Is SPDR S&P Oil & Gas Exploration & Production ETF (XOP) a Strong ETF Right Now?

Smart Beta ETF report for XOP

Why Diamondback Energy (FANG) Dipped More Than Broader Market Today

Diamondback Energy (FANG) closed at $149.62 in the latest trading session, marking a -0.4% move from the prior day.

Diamondback Energy (FANG) Increases Despite Market Slip: Here's What You Need to Know

Diamondback Energy (FANG) reachead $156.93 at the closing of the latest trading day, reflecting a +1.34% change compared to its last close.