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 is in talks to buy EnCap-backed Double Eagle, a big West Texas energy producer, for more than $5 billion, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Diamondback Energy (FANG) closed at $162.01 in the latest trading session, marking a +0.22% move from the prior day.
Diamondback Energy (FANG) reachead $164.48 at the closing of the latest trading day, reflecting a +0.07% change compared to its last close.
FANG to sell mineral and royalty interest to Viper in a cash and stock deal to reduce debt after a $26 billion acquisition of Endeavor Energy Resources.
Diamondback Energy (FANG) closed the most recent trading day at $177.61, moving +1.62% from the previous trading session.
U.S. shale producer Diamondback Energy on Monday flagged lower prices for its oil production in the fourth quarter, compared to the preceding three months.
The latest trading day saw Diamondback Energy (FANG) settling at $172.42, representing a +1.64% change from its previous close.
Wolfe Research analyst Doug Leggate upgraded Diamondback Energy to Outperform from Peer Perform with a $190 price target. Diamondback gained premature recognition for synergies expected from its Endeavor acquisition after announcing the deal last year, the analyst tells investors in a research note. The firm added that the recent pullback resets the investment case to levels where associated value is a low-cost option.
Diamondback Energy (FANG) reachead $158.34 at the closing of the latest trading day, reflecting a +0.2% change compared to its last close.
Occidental Petroleum (OXY 0.58%) and Diamondback Energy (FANG 1.07%) are two of the leading producers in the prolific Permian Basin that runs through parts of Texas and New Mexico. That basin has almost single-handedly turned America into an oil-producing powerhouse.
Diamondback, Halliburton and VoltaGrid collaborate to deploy electric simul-frac fleets in the Permian Basin, enhancing efficiency and reducing emissions.