Diamondback, Halliburton and VoltaGrid collaborate to deploy electric simul-frac fleets in the Permian Basin, enhancing efficiency and reducing emissions.
Diamondback Energy and Exxon Mobil are major energy production companies. They both have generous shareholder capital return programs. I compare them side-by-side and share which one I think is the better buy right now.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Diamondback (FANG) reported earnings 30 days ago. What's next for the stock?
Diamondback Energy's share price has declined due to a divergence in market conditions, despite the overall market strength and its robust market capitalization. The company remains committed to capital allocation for shareholder returns, even in a weaker oil price environment. The primary risk to Diamondback Energy's investment thesis is the volatility of oil prices, which impacts profitability and future shareholder returns.
Diamondback Energy's merger with Endeavor Energy enhances its resource base and operational efficiency, solidifying its position in the Permian Basin. FANG's disciplined debt reduction plan and strong balance sheet ensure financial stability, supported by investment-grade ratings and substantial liquidity. Shareholders benefit from generous returns through dividends and a $6 billion buyback authorization, despite a focus on debt reduction.
Diamondback Energy, Inc. (NASDAQ:FANG ) Q3 2024 Earnings Conference Call November 5, 2024 9:00 AM ET Company Participants Adam Lawlis - VP, IR Travis Stice - Chairman and CEO Kaes Van't Hof - President and CFO Danny Wesson - EVP and COO Conference Call Participants Neal Dingmann - Truist Arun Jayaram - JPMorgan David Deckelbaum - TD Cowen Bob Brackett - Bernstein Research Neil Mehta - Goldman Sachs Betty Jiang - Barclays Kevin McCurdy - Pickering Energy Partners John Freeman - Raymond James Roger Read - Wells Fargo Securities Paul Cheng - Scotiabank Charles Meade - Johnson Rice Leo Mariani - ROTH Scott Gruber - Citigroup Kalei Akamine - Bank of America Operator Good day and thank you for standing by. Welcome to the Diamondback Energy Third Quarter 2024 Earnings Conference Call.
Diamondback Energy (FANG) came out with quarterly earnings of $3.38 per share, missing the Zacks Consensus Estimate of $3.80 per share. This compares to earnings of $5.49 per share a year ago.
FANG is anticipated to have generated higher revenues from the year-ago period's level. However, it is expected to have recorded a lower bottom line due to rising costs.
Diamondback (FANG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Diamondback Energy (FANG) concluded the recent trading session at $184.38, signifying a +1.92% move from its prior day's close.
Diamondback Energy (FANG) closed at $183.99 in the latest trading session, marking a +0.02% move from the prior day.