Diamondback Energy
Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. The last earnings update was 12 days ago. More info.
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FANG Share Price and Events
7 Day Returns
1 Year Returns
FANG Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Diamondback Energy (FANG) | 4.3% | 2.3% | 11.4% | -12.2% | 26.8% | 59.4% |
| US Oil and Gas | 0.9% | -4.9% | -3.1% | -17.5% | -0.8% | -32.9% |
| US Market | 1.6% | -1.7% | 2.1% | 2.6% | 38.5% | 41.4% |
1 Year Return vs Industry and Market
- FANG outperformed the Oil and Gas industry which returned -17.5% over the past year.
- FANG underperformed the Market in United States of America which returned 2.6% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Diamondback Energy
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Diamondback Energy.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 22 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Oil and Gas Unlevered Beta | Simply Wall St/ S&P Global | 0.9 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.9 (1 + (1- 21%) (25.06%)) |
1.052 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.05 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.052 * 5.96%) |
9% |
Discounted Cash Flow Calculation for NasdaqGS:FANG using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Diamondback Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 9%) |
|
|---|---|---|---|
| 2019 | 236.98 | Analyst x11 | 217.41 |
| 2020 | 922.87 | Analyst x13 | 776.76 |
| 2021 | 1,699.18 | Analyst x4 | 1,312.07 |
| 2022 | 1,621.00 | Analyst x1 | 1,148.36 |
| 2023 | 1,580.81 | Est @ -2.48% | 1,027.41 |
| 2024 | 1,566.32 | Est @ -0.92% | 933.94 |
| 2025 | 1,569.09 | Est @ 0.18% | 858.35 |
| 2026 | 1,583.89 | Est @ 0.94% | 794.90 |
| 2027 | 1,607.32 | Est @ 1.48% | 740.05 |
| 2028 | 1,637.13 | Est @ 1.85% | 691.54 |
| Present value of next 10 years cash flows | $8,500.80 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $1,637.13 × (1 + 2.73%) ÷ (9% – 2.73%) |
$26,823.21 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $26,823.21 ÷ (1 + 9%)10 |
$11,330.40 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $8,500.80 + $11,330.40 |
$19,831.20 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $19,831.20 / 164.67 |
$120.43 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $120.43 |
| Current discount | Discount to share price of
$113.80
= -1 x ($113.80 - $120.43) / $120.43 |
5.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Diamondback Energy's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- Diamondback Energy's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Diamondback Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Diamondback Energy's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $5.72 |
| NasdaqGS:FANG Share Price ** | NasdaqGS (2019-05-21) in USD | $113.8 |
| United States of America Oil and Gas Industry PE Ratio | Median Figure of 101 Publicly-Listed Oil and Gas Companies | 13.25x |
| United States of America Market PE Ratio | Median Figure of 3,087 Publicly-Listed Companies | 17.74x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Diamondback Energy.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:FANG Share Price ÷ EPS (both in USD) = 113.8 ÷ 5.72 |
19.91x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Diamondback Energy is overvalued based on earnings compared to the US Oil and Gas industry average.
- Diamondback Energy is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Diamondback Energy's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 19.91x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts |
26.5%per year |
| United States of America Oil and Gas Industry PEG Ratio | Median Figure of 76 Publicly-Listed Oil and Gas Companies | 0.52x |
| United States of America Market PEG Ratio | Median Figure of 2,123 Publicly-Listed Companies | 1.53x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 19.91x ÷ 26.5% |
0.75x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Diamondback Energy is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Diamondback Energy's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $83.67 |
| NasdaqGS:FANG Share Price * | NasdaqGS (2019-05-21) in USD | $113.8 |
| United States of America Oil and Gas Industry PB Ratio | Median Figure of 196 Publicly-Listed Oil and Gas Companies | 1.09x |
| United States of America Market PB Ratio | Median Figure of 5,202 Publicly-Listed Companies | 1.84x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:FANG Share Price ÷ Book Value per Share (both in USD) = 113.8 ÷ 83.67 |
1.36x |
* Primary Listing of Diamondback Energy.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Diamondback Energy is overvalued based on assets compared to the US Oil and Gas industry average.
Value checks
We assess Diamondback Energy's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check) Diamondback Energy has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Diamondback Energy's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Diamondback Energy's earnings growth is expected to exceed the United States of America market average.
- Diamondback Energy's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:FANG Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts | 26.5% |
| NasdaqGS:FANG Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 22 Analysts | 16.9% |
| United States of America Oil and Gas Industry Earnings Growth Rate | Market Cap Weighted Average | 13% |
| United States of America Oil and Gas Industry Revenue Growth Rate | Market Cap Weighted Average | 4.5% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.8% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 22 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 7,062 | 6,646 | 3,178 | 1 |
| 2022-12-31 | 6,735 | 5,892 | 2,770 | 1 |
| 2021-12-31 | 6,286 | 5,085 | 2,129 | 6 |
| 2020-12-31 | 5,543 | 4,094 | 1,913 | 16 |
| 2019-12-31 | 4,307 | 3,087 | 1,133 | 15 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 2,548 | 1,603 | 693 |
| 2018-12-31 | 2,164 | 1,565 | 846 |
| 2018-09-30 | 1,924 | 1,402 | 654 |
| 2018-06-30 | 1,691 | 1,258 | 570 |
| 2018-03-31 | 1,437 | 1,052 | 509 |
| 2017-12-31 | 1,193 | 889 | 482 |
| 2017-09-30 | 988 | 744 | 393 |
| 2017-06-30 | 830 | 605 | 318 |
| 2017-03-31 | 673 | 435 | 4 |
| 2016-12-31 | 527 | 332 | -165 |
| 2016-09-30 | 456 | 303 | -378 |
| 2016-06-30 | 426 | 338 | -533 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 22 Analyst Estimates (S&P Global) | See Below |
All data from Diamondback Energy Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 20.66 | 24.39 | 16.93 | 2.00 |
| 2022-12-31 | 17.93 | 19.77 | 16.08 | 2.00 |
| 2021-12-31 | 13.16 | 15.28 | 11.88 | 6.00 |
| 2020-12-31 | 11.43 | 14.03 | 9.44 | 14.00 |
| 2019-12-31 | 7.05 | 9.33 | 5.64 | 14.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 5.72 |
| 2018-12-31 | 8.08 |
| 2018-09-30 | 6.60 |
| 2018-06-30 | 5.76 |
| 2018-03-31 | 5.15 |
| 2017-12-31 | 4.95 |
| 2017-09-30 | 4.25 |
| 2017-06-30 | 3.65 |
| 2017-03-31 | 0.05 |
| 2016-12-31 | -2.20 |
| 2016-09-30 | -5.27 |
| 2016-06-30 | -7.75 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Diamondback Energy's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Diamondback Energy has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Diamondback Energy performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Diamondback Energy has delivered over 20% year on year earnings growth in the past 5 years.
- Diamondback Energy's 1-year earnings growth is less than its 5-year average (36.1% vs 44.9%)
- Diamondback Energy's earnings growth has exceeded the US Oil and Gas industry average in the past year (36.1% vs 31.8%).
Earnings and Revenue History
All data from Diamondback Energy Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 2,548.03 | 692.67 | 75.55 | |
| 2018-12-31 | 2,164.03 | 845.67 | 64.55 | |
| 2018-09-30 | 1,924.21 | 653.76 | 55.86 | |
| 2018-06-30 | 1,690.79 | 569.73 | 53.56 | |
| 2018-03-31 | 1,436.72 | 508.99 | 50.93 | |
| 2017-12-31 | 1,193.35 | 482.26 | 48.67 | |
| 2017-09-30 | 988.42 | 393.30 | 47.73 | |
| 2017-06-30 | 829.62 | 318.05 | 45.75 | |
| 2017-03-31 | 673.25 | 4.15 | 43.38 | |
| 2016-12-31 | 527.11 | -165.03 | 42.62 | |
| 2016-09-30 | 456.42 | -378.04 | 40.93 | |
| 2016-06-30 | 426.23 | -532.59 | 38.55 | |
| 2016-03-31 | 432.81 | -589.39 | 36.71 | |
| 2015-12-31 | 446.73 | -550.63 | 31.97 | |
| 2015-09-30 | 463.99 | -264.55 | 29.73 | |
| 2015-06-30 | 491.17 | -64.03 | 28.70 | |
| 2015-03-31 | 499.12 | 176.02 | 24.95 | |
| 2014-12-31 | 495.72 | 193.76 | 21.27 | |
| 2014-09-30 | 440.04 | 115.21 | 18.81 | |
| 2014-06-30 | 358.71 | 86.06 | 14.44 | |
| 2014-03-31 | 277.10 | 72.78 | 13.12 | |
| 2013-12-31 | 208.00 | 54.59 | 11.04 | |
| 2013-09-30 | 157.86 | 30.74 | 10.40 | |
| 2013-06-30 | 116.88 | 16.60 | 9.93 | |
| 2013-03-31 | 88.32 | 15.75 | 8.96 | |
| 2012-12-31 | 74.96 | 11.83 | 10.38 | |
| 2012-09-30 | 63.32 | 6.76 | 5.97 | |
| 2012-06-30 | 56.95 | 8.39 | 5.07 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Diamondback Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Diamondback Energy used its assets less efficiently than the US Oil and Gas industry average last year based on Return on Assets.
- Diamondback Energy has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Diamondback Energy's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Diamondback Energy has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Diamondback Energy's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Diamondback Energy's finances.
The net worth of a company is the difference between its assets and liabilities.
- Diamondback Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Diamondback Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Diamondback Energy Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 14,514.00 | 4,696.00 | 126.00 |
| 2018-12-31 | 14,166.26 | 4,464.34 | 214.52 |
| 2018-09-30 | 6,429.80 | 2,332.36 | 508.45 |
| 2018-06-30 | 6,012.47 | 1,967.07 | 113.93 |
| 2018-03-31 | 5,735.18 | 1,701.91 | 72.49 |
| 2017-12-31 | 5,581.74 | 1,477.35 | 112.45 |
| 2017-09-30 | 5,586.12 | 1,256.39 | 30.21 |
| 2017-06-30 | 5,286.93 | 1,151.52 | 16.59 |
| 2017-03-31 | 5,119.36 | 985.79 | 37.44 |
| 2016-12-31 | 4,018.29 | 1,105.91 | 1,666.57 |
| 2016-09-30 | 2,835.30 | 497.81 | 167.27 |
| 2016-06-30 | 2,186.55 | 494.48 | 218.79 |
| 2016-03-31 | 2,337.06 | 485.64 | 235.81 |
| 2015-12-31 | 2,108.97 | 487.81 | 20.12 |
| 2015-09-30 | 2,289.72 | 489.00 | 43.83 |
| 2015-06-30 | 2,243.62 | 718.00 | 44.68 |
| 2015-03-31 | 2,116.52 | 611.58 | 31.64 |
| 2014-12-31 | 1,985.21 | 673.50 | 30.18 |
| 2014-09-30 | 1,885.85 | 590.00 | 40.64 |
| 2014-06-30 | 1,252.34 | 496.00 | 36.99 |
| 2014-03-31 | 1,082.91 | 587.00 | 25.31 |
| 2013-12-31 | 845.54 | 460.00 | 15.56 |
| 2013-09-30 | 822.94 | 450.23 | 53.10 |
| 2013-06-30 | 627.61 | 0.27 | 81.90 |
| 2013-03-31 | 468.03 | 36.80 | 5.52 |
| 2012-12-31 | 462.07 | 0.34 | 26.36 |
| 2012-09-30 | 124.60 | 130.41 | 1.28 |
| 2012-06-30 | 123.87 | 114.52 | 2.07 |
- Diamondback Energy's level of debt (32.4%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (54% vs 32.4% today).
- Debt is well covered by operating cash flow (34.1%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 8.1x coverage).
Financial health checks
We assess Diamondback Energy's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Diamondback Energy has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Diamondback Energy's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Diamondback Energy
shares you are expected to receive
$13
in your first year as a dividend.
Dividend Amount
- Diamondback Energy's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
- Diamondback Energy's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Upcoming dividend payment
Purchase Diamondback Energy before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 22 Analyst Estimates (S&P Global) | See Below |
| United States of America Oil and Gas Industry Average Dividend Yield | Market Cap Weighted Average of 66 Stocks | 3.7% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2003 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | 0.89 | 4.00 |
| 2020-12-31 | 0.79 | 6.00 |
| 2019-12-31 | 0.72 | 7.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-07 | 0.750 | 0.694 |
| 2019-02-08 | 0.500 | 0.484 |
| 2018-11-07 | 0.500 | 0.491 |
| 2018-11-06 | 0.500 | 0.436 |
| 2018-08-09 | 0.500 | 0.405 |
| 2018-08-08 | 0.500 | 0.377 |
| 2018-05-08 | 0.500 | 0.393 |
| 2018-02-15 | 0.500 | 0.399 |
| 2018-02-13 | 0.500 | 0.414 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Diamondback Energy is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
- Diamondback Energy is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Income/ dividend checks
We assess Diamondback Energy's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Diamondback Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Diamondback Energy has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $10,549,163 |
| AGE | 56 |
| TENURE AS CEO | 7.3 years |
CEO Bio
Mr. Travis D. Stice has been Chief Executive Officer and Director of Energen Corporation since November 29, 2018. Mr. Stice serves as the President and Chief Executive Officer of Viper Energy Partners GP LLC, General Partner of Viper Energy Partners LP. Mr. Stice serves as the President and Chief Executive Officer of Diamondback E&P LLC. Mr. Stice is Chief Executive Officer and Director of Rattler Midstream GP LLC, general partner of Rattler Midstream Partners LP since July 2018. Mr. Stice has been the Chief Executive Officer of Diamondback Energy, Inc. and Diamondback O&G LLC since January 01, 2012 and served as its President and Chief Operating Officer since April 2011 until January 2012. Mr. Stice has been the Chief Executive Officer and President of Viper Energy Partners GP LLC since February 2014. He served as President and Chief Operating Officer of Windsor Energy, Inc. since April 2011. He served as President and Chief Operating Officer of Diamondback O&G LLC and Diamondback Energy, Inc. from April 2011 to January 2012. From November 2010 to April 2011, Mr. Stice served as a Production Manager of Apache Corporation. Mr. Stice served as the President and Chief Operating Officer of Diamondback Energy, Inc. from April 2011 to January 2012. Mr. Stice served as a Vice President of Midland for Laredo Petroleum, Inc. from September 2008 to September 2010. From April 2006 to August 2008, He has been a Director of Diamondback Energy, Inc. since November 2012. He has been a Director of Viper Energy Partners GP LLC since February 2014. Mr. Stice served as a Development Manager of Conoco Phillips/Burlington Resources Mid-Continent Business Unit, an oil and gas exploration company. He served at Burlington Resources from 1990 to 2006, in various positions of increasing responsibility, including his last assignment as General Manager of Engineering & Operations in Midland from January 2001 until March 2006. Mr. Stice has 33 years of industry experience in production operations, reservoir engineering, production engineering and unconventional oil and gas exploration and over 20 years of management experience. He started his career with Mobil Oil in 1985. He is a Registered Engineer in the State of Texas and is a 33-year member of the Society of Petroleum Engineers. Mr. Stice holds a BS in Petroleum Engineering from Texas A&M University.
CEO Compensation
- Travis's compensation has been consistent with company performance over the past year, both up more than 20%.
- Travis's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Diamondback Energy management team in years:
- The average tenure for the Diamondback Energy management team is less than 2 years, this suggests a new team.
Management Team
Travis Stice
CEO & Director
$11M
56
7.3 yrs
Mike Hollis
President
$6M
43
2.3 yrs
Tracy Dick
Chief Accounting Officer
$3M
48
0.2 yrs
Russell Pantermuehl
Executive VP & Chief Engineer
$5M
58
2.3 yrs
Kaes Van’t Hof
CFO & Executive VP of Business Development
31
0.2 yrs
Adam Lawlis
Vice President of Investor Relations
P. Zmigrosky
Executive VP
39
0.3 yrs
Jennifer Soliman
Executive VP & Chief Human Resources Officer
47
1.3 yrs
Tom Hawkins
Executive Vice President of Land
64
2.2 yrs
David Cannon
Senior Vice President of Geoscience and Technology
0.2 yrs
Board of Directors Tenure
Average tenure and age of the Diamondback Energy board of directors in years:
- The tenure for the Diamondback Energy board of directors is about average.
Board of Directors
Steve West
Chairman of the Board
$380K
58
6.6 yrs
Travis Stice
CEO & Director
$11M
56
6.5 yrs
Mike Hollis
President
$6M
43
1.1 yrs
Michael Cross
Independent Director
$275K
66
6.6 yrs
David Houston
Lead Director
$275K
65
Mark Plaumann
Independent Director
$275K
62
6.6 yrs
Melanie Trent
Independent Director
$244K
53
1.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 19. Mar 19 | Sell | Randall Holder | Individual | 18. Mar 19 | 18. Mar 19 | -4,000 | $104.13 | $-416,511 | ||
| 18. Mar 19 | Sell | Jennifer Soliman | Individual | 14. Mar 19 | 14. Mar 19 | -350 | $104.41 | $-36,544 | ||
| 14. Mar 19 | Sell | Kaes Van’t Hof | Individual | 13. Mar 19 | 13. Mar 19 | -1,700 | $101.82 | $-173,094 | ||
| 12. Mar 19 | Buy | M B H Investments Ltd | Company | 08. Mar 19 | 08. Mar 19 | 5,313 | $95.12 | $505,352 | ||
| 21. Dec 18 | Sell | Kaes Van’t Hof | Individual | 20. Dec 18 | 20. Dec 18 | -1,000 | $89.91 | $-89,913 | ||
| 24. Sep 18 | Sell | Russell Pantermuehl | Individual | 20. Sep 18 | 20. Sep 18 | -1,032 | $129.30 | $-133,438 | ||
| 24. Sep 18 | Sell | Paul Molnar | Individual | 20. Sep 18 | 20. Sep 18 | -5,000 | $127.64 | $-638,183 | ||
| 20. Sep 18 | Sell | Russell Pantermuehl | Individual | 19. Sep 18 | 19. Sep 18 | -2,000 | $127.80 | $-255,600 | ||
| 05. Sep 18 | Sell | Kaes Van’t Hof | Individual | 04. Sep 18 | 04. Sep 18 | -140 | $120.61 | $-16,885 | ||
| 21. Jun 18 | Sell | Kaes Van’t Hof | Individual | 20. Jun 18 | 20. Jun 18 | -832 | $128.46 | $-106,876 | ||
Management checks
We assess Diamondback Energy's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Diamondback Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Despite Its High P/E Ratio, Is Diamondback Energy, Inc. (NASDAQ:FANG) Still Undervalued?
We'll look at Diamondback Energy, Inc.'s (NASDAQ:FANG) P/E ratio and reflect on what it tells us about the company's share price. … View our latest analysis for Diamondback Energy How Do You Calculate Diamondback Energy's P/E Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Diamondback Energy: P/E of 18.76 = $107.2 ÷ $5.72 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good?
Simply Wall St - – Full articleIs Now The Time To Put Diamondback Energy (NASDAQ:FANG) On Your Watchlist?
How Fast Is Diamondback Energy Growing Its Earnings Per Share. … Over the last three years, Diamondback Energy has grown earnings per share (EPS) like bamboo after rain; fast, and from a low base. … Diamondback Energy shareholders can take confidence from the fact that EBIT margins are up from 44% to 53%, and revenue is growing.
Simply Wall St - – Full articleDoes The Hype Around Diamondback Energy, Inc.'s (NASDAQ:FANG) Growth Justify Its April Share Price?
Looking at Diamondback Energy, Inc.’s (NASDAQ:FANG) fundamentals some investors are wondering if its last closing price of $107.28 represents a good value for money for this high growth stock. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … Diamondback Energy is poised for extremely high earnings growth in the near future
Simply Wall St - – Full articleDiamondback Energy, Inc. (NASDAQ:FANG): A Fundamentally Attractive Investment
I've been keeping an eye on Diamondback Energy, Inc. … Looking at the company as a whole, as a potential stock investment, I believe FANG has a lot to offer. … company with
Simply Wall St - – Full articleIs Diamondback Energy, Inc. (NASDAQ:FANG) As Strong As Its Balance Sheet Indicates?
Investors looking for stocks with high market liquidity and little debt on the balance sheet should consider Diamondback Energy, Inc. … With a market valuation of US$17b, FANG is a safe haven in times of market uncertainty due to its strong balance sheet. … In times of low liquidity in the market, these firms won’t be left high and dry.
Simply Wall St - – Full articleDiamondback Energy, Inc. (NASDAQ:FANG): Poised For Long-Term Success?
Diamondback Energy, Inc.'s (NASDAQ:FANG) most recent earnings announcement in December 2018a … indicated
Simply Wall St - – Full articleIs Diamondback Energy, Inc. (NASDAQ:FANG) Investing Your Capital Efficiently?
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleDid Diamondback Energy, Inc. (NASDAQ:FANG) Insiders Sell Shares?
In the last twelve months, the biggest single sale by an insider was when Executive Vice President of Exploration & Business Development Paul Molnar sold US$1.3m worth of shares at a price of US$130 per share … While the sale doesn't make us feel confident, we do note it was conducted at a price well above the current share price, which is US$104 … So it may not tell us anything about how insiders feel about the current share price.
Simply Wall St - – Full articleDoes Diamondback Energy, Inc.'s (NASDAQ:FANG) CEO Pay Reflect Performance?
Travis Stice became the CEO of Diamondback Energy, Inc. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. … How Does Travis Stice's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleWhy Diamondback Energy, Inc.'s (NASDAQ:FANG) High P/E Ratio Isn't Necessarily A Bad Thing
We'll look at Diamondback Energy, Inc.'s (NASDAQ:FANG) P/E ratio and reflect on what it tells us about the company's share price. … Diamondback Energy has a P/E ratio of 15.63, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleCompany Info
Description
Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It primarily 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. As of December 31, 2018, the company’s net acreage position was approximately 461,218 acres in the Permian Basin; and estimated proved oil and natural gas reserves were 992,001 thousand barrels of crude oil equivalent. It also held working interests in 7,279 gross producing wells, as well as royalty interests in 2,645 additional wells. In addition, the company, through its subsidiary, Viper Energy Partners LP, owns mineral interests in approximately 532,295 gross acres and 14,841 net royalty acres in the Permian Basin and Eagle Ford Shale. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.
Details
| Name: | Diamondback Energy, Inc. |
| FANG | |
| Exchange: | NasdaqGS |
| Founded: | 2007 |
| $18,739,696,929 | |
| 164,672,205 | |
| Website: | http://www.diamondbackenergy.com |
| Address: |
Diamondback Energy, Inc. 500 West Texas Avenue, Suite 1200, Midland, Texas, 79701, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | FANG | Common Stock | Nasdaq Global Select | US | USD | 12. Oct 2012 | |
| DB | 7DB | Common Stock | Deutsche Boerse AG | DE | EUR | 12. Oct 2012 |
Number of employees
Current staff
Industry
| Oil and Gas Exploration and Production | |
| Energy |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/22 06:33 |
| End of day share price update: | 2019/05/21 00:00 |
| Last estimates confirmation: | 2019/05/21 |
| Last earnings filing: | 2019/05/10 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
