NasdaqGS:FANGOil and Gas
A Look At Diamondback Energy (FANG) Valuation After Its US$1.9b Follow On Equity Offering
Diamondback Energy (FANG) has completed a follow-on equity offering of 11,000,000 common shares, raising about US$1.903 billion at US$173 per share. This event directly affects ownership dilution and capital structure.
See our latest analysis for Diamondback Energy.
That equity raise comes after a strong share price run, with Diamondback’s 30 day share price return of 10.65% and 90 day return of 29.98%, while the 5 year total shareholder return of 213.89% points to sustained long term...