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.
Merger Momentum | Explore how Diamondback Energy's merger with Endeavor and acquisition of Viper Energy Partners position it as a dominant force in the Midland Basin |
Financial Fortitude | Delve into Diamondback's robust financial outlook, with a focus on capital efficiency, shareholder returns, and an attractive P/E ratio of 9.5x |
Operational Excellence | Learn about Diamondback's industry-leading operational efficiency, driving production volumes and well costs to outperform expectations |
Future Prospects | Discover Diamondback's growth potential, with analyst price targets ranging from $170 to $240, and emerging opportunities in diversified energy sectors |
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 | 10.4x | 15.5x | 4.7x | |
PEG Ratio | −1.36 | −0.23 | 0.00 | |
Price/Book | 1.1x | 1.0x | 1.1x | |
Price / LTM Sales | 3.4x | 1.1x | 1.0x | |
Upside (Analyst Target) | 27.5% | 40.2% | 31.3% | |
Fair Value Upside | Unlock | 12.2% | 11.4% | Unlock |