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.
Future-Focused Growth | Analysts project EPS between $11.95 and $16.30, with price targets ranging from $180 to $219, reflecting confidence in Diamondback's growth prospects |
Operational Excellence | Explore how Diamondback's focus on capital efficiency and long inventory life of 18 years at $50/bbl oil price drive its market-leading performance |
Financial Fortitude | With a low break-even price and strong FCF generation, Diamondback aims to reach $10B net debt by 2025 while maintaining robust shareholder returns |
Permian Powerhouse | Diamondback Energy's strategic acquisitions and operational efficiencies position it as a dominant player in the Midland Basin, rivaling industry giants |
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 | 10.5x | 15.6x | 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% | 39.5% | 31.3% | |
Fair Value Upside | Unlock | 11.7% | 11.4% | Unlock |