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Diamondback Energy (FANG)

(Delayed Data from NSDQ)

$199.26 USD

199.26
2,933,802

+1.92 (0.97%)

Updated May 31, 2024 04:00 PM ET

After-Market: $199.07 -0.19 (-0.10%) 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 Buy24.08%
2Buy17.91%
3Hold9.44%
4Sell5.10%
5Strong Sell2.55%
S&P50011.04%

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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 B Growth C Momentum B 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 32% (170 out of 250)

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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The 3 Most Popular Value Investor Podcasts of 2019

What tips, screens and stocks were value investors most interested in in 2019? Here are the most popular podcasts of the year.

The Zacks Analyst Blog Highlights: Diamondback Energy, Concho, Callon and Parsley Energy

The Zacks Analyst Blog Highlights: Diamondback Energy, Concho, Callon and Parsley Energy

Drillers Add Oil Rigs in Permian & Eagle Ford Shale Play

Since February 2018, drillers in the United States have added the highest number of rigs in a week.

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More Upside Awaits Oil in 2020: Shale Drillers to Gain

The phase-one trade deal, likely to be signed by the first week of January, has improved the outlook for global energy demand.

Why Hold Strategy is Apt for Diamondback (FANG) Stock Now

In the Permian basin, Diamondback (FANG) has more than 7,600 net horizontal drilling locations that will allow the company to produce oil for years.

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Drillers in US Plays Add Oil Rigs Despite Conservative Budget

In Permian, drillers lower rigs in seven of eight weeks.

Zacks Value Trader Highlights: XOP, CNX Resources, Matador Resources, Pioneer Natural Resources and Diamondback Energy

Zacks Value Trader Highlights: XOP, CNX Resources, Matador Resources, Pioneer Natural Resources and Diamondback Energy

Why Is Diamondback (FANG) Up 4.4% Since Last Earnings Report?

Diamondback (FANG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

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Energy Stocks: Values or Traps?

Many of the exploration and production stocks are hitting new multi-year lows. Are they cheap or is this another false bottom?

The Zacks Analyst Blog Highlights: Diamondback Energy, Pioneer Natural Resources, Callon and Parsley Energy

The Zacks Analyst Blog Highlights: Diamondback Energy, Pioneer Natural Resources, Callon and Parsley Energy

Nilanjan Banerjee headshot

Will OPEC Agree on Deeper Oil Cut to Support Aramco IPO?

Analysts expect oil prices to increase significantly if OPEC manages to surprise the energy market with a deeper cut.

New Strong Sell Stocks for December 3rd

Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today

The Zacks Analyst Blog Highlights: Pioneer Natural Resources, Diamondback Energy, Callon Petroleum, EOG Resources and ConocoPhillips

The Zacks Analyst Blog Highlights: Pioneer Natural Resources, Diamondback Energy, Callon Petroleum, EOG Resources and ConocoPhillips

Nilanjan Banerjee headshot

US to Become Net Oil Exporter in 2020: Shale Drillers to Gain

Despite the recent signs of moderation in American oil production growth, the country is poised to become energy independent by next year.

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Permian Growth Story to Continue: 5 Oil Producers in Focus

The Permian Shale, which is spread over roughly 75,000 square miles of western Texas and southeastern New Mexico, is believed to hold enough oil to feed all the domestic refineries for 12 years.

Nilanjan Choudhury headshot

U.S. Shale Oil Q3 Earnings: Here's the Roundup of Results

Missed the slew of shale oil earnings? Here's a quick run-through of how some of the bigwigs fared in their third-quarter earnings reports.

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Oil & Gas Stock Roundup: EOG & Occidental Report Q3 Earnings

While the commodity pricing scenario continues to be challenging, both EOG Resources (EOG) and Occidental Petroleum (OXY) benefited from higher year-over-year production.

Diamondback's (FANG) Q3 Earnings Miss on Weak Gas Prices

The 2018 purchases of Energen Corporation and Ajax Resources enable Diamondback (FANG) to emerge as a leading Permian Basin oil producer.

Diamondback Energy (FANG) Q3 Earnings and Revenues Lag Estimates

Diamondback (FANG) delivered earnings and revenue surprises of -14.04% and -7.20%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

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Energy Stock Earnings Lineup for Nov 5: FANG, DVN & More

Lower oil and gas prices are expected to have hurt hurt Q3 earnings of energy companies.

Diamondback (FANG) to Report Q3 Earnings: What's in Store?

While substantial output growth is expected to have buoyed Diamondback's (FANG) third-quarter 2019 earnings, weaker year-over-year commodity prices might have dented overall results.

Diamondback Energy (FANG) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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.

Zacks Value Trader Highlights: Carnival, Athene, Diamondback, Carrefour and Freeport

Zacks Value Trader Highlights: Carnival, Athene, Diamondback, Carrefour and Freeport

Viper Energy Partners (VNOM) Prices $500M Senior Notes at Par

Viper Energy Partners (VNOM) estimates net proceeds from senior notes offerings at roughly $492 million.

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Ben Graham's Tips on How to Find Bargain Stocks

Companies and industries may change over the decades, but top investing strategies are timeless.