Company Overview
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 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, 2021, the company's total acreage position was approximately 524,700 gross acres in the Permian Basin; and estimated proved oil and natural gas reserves were 1,788,991 thousand barrels of crude oil equivalent. It also held working interests in 5,289 gross producing wells, as well as royalty interests in 6,455 additional wells. In addition, the company owns mineral interests approximately 930,871 gross acres and 27,027 net royalty acres in the Permian Basin and Eagle Ford Shale; and owns, operates, develops, and acquires midstream infrastructure assets, including 866 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system in the Midland and Delaware Basins of the Permian Basin. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.
Company Information
- CEO
- Travis D. Stice
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Employees
- 1983
Contact Information
- Address
- 500 West Texas Avenue
- Country
- US
Investment Analysis & Insights
Key Investment Highlights
- Market Position: Energy leader with 40.56B market capitalization
- Trading Volume: 528.94K shares traded today
- Price Range: 52-week range of $114.00 - $200.47
- Exchange: Listed on NASDAQ Global Select
Financial Metrics
Market Analysis for Diamondback Energy, Inc.
Diamondback Energy, Inc. (FANG) operates in the Oil & Gas Exploration & Production industry within the Energy sector. With a current market capitalization of 40.56B, the company represents a significant player in its market. The stock is currently trading at $140.13 with a negativedaily change of 0.07%.
The company's 1983 employee base and presence on the NASDAQ Global Selectexchange position it as a Energy sector leader. Investors should consider the stock's P/E ratio of 10.15, beta of 1.07, and 52-week price range from $114.00 to $200.47when evaluating investment opportunities.
Why Invest in Diamondback Energy, Inc.?
Strengths
- • Established market presence in Energy
- • Strong financial metrics and market position
- • Listed on major exchange (NASDAQ Global Select)
- • Experienced leadership under Travis D. Stice
Investment Considerations
- • Monitor sector-specific market trends
- • Track quarterly earnings performance
- • Consider market volatility and beta
- • Evaluate long-term growth potential
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About Energy Sector
The Energy sector includes companies that explore, produce, refine, and distribute oil, gas, and other energy resources.