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. It 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. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.
Permian Powerhouse | Diamondback Energy's dominance in the Permian Basin strengthens with strategic mergers, positioning it as a formidable competitor to industry giants |
Financial Fortitude | Robust financials with a P/E ratio of 8.84x and a 5.34% dividend yield underscore Diamondback's attractive valuation and shareholder-friendly policies |
Analyst Optimism | Explore the bullish sentiment surrounding Diamondback, with price targets ranging from $210 to $220 and "Overweight" ratings from leading analysts |
Future-Focused Strategy | Delve into Diamondback's operational efficiency gains, capital discipline, and innovative ventures in gas power generation and water management |
Metrics to compare | FANG | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipFANGPeersSector | |
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P/E Ratio | 13.8x | 13.3x | 4.9x | |
PEG Ratio | −1.33 | −0.64 | 0.00 | |
Price/Book | 1.2x | 1.1x | 1.1x | |
Price / LTM Sales | 4.3x | 2.2x | 1.1x | |
Upside (Analyst Target) | 33.8% | 35.8% | 35.4% | |
Fair Value Upside | Unlock | 26.9% | 9.6% | Unlock |