Last $60.41 USD
Change Today +0.23 / 0.38%
Volume 427.2K
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As of 5:20 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

diamondback energy inc (FANG) Snapshot

Open
$61.75
Previous Close
$60.18
Day High
$61.75
Day Low
$59.56
52 Week High
06/18/14 - $93.33
52 Week Low
01/14/14 - $44.02
Market Cap
3.4B
Average Volume 10 Days
1.7M
EPS TTM
$2.19
Shares Outstanding
56.8M
EX-Date
--
P/E TM
27.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for DIAMONDBACK ENERGY INC (FANG)

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diamondback energy inc (FANG) Details

Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. The company’s activities are primarily focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn, and Atoka formations. As of December 31, 2013, its net leasehold acreage in the Permian Basin was approximately 65,938 net acres; and estimated proved oil and natural gas reserves were 63,586 thousand barrels of crude oil equivalent. The company also held interests in 306 net producing wells in the Permian Basin. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.

68 Employees
Last Reported Date: 02/19/14
Founded in 2007

diamondback energy inc (FANG) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $2.1M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $560.0K
Vice President of Operations
Total Annual Compensation: $700.5K
Vice President of Drilling
Total Annual Compensation: $796.0K
Vice President of Reservoir Engineering
Total Annual Compensation: $758.7K
Compensation as of Fiscal Year 2013.

diamondback energy inc (FANG) Key Developments

Diamondback Energy, Inc. Presents at Executive Oil Conference 2014, Nov-11-2014 02:15 PM

Diamondback Energy, Inc. Presents at Executive Oil Conference 2014, Nov-11-2014 02:15 PM. Venue: Midland County Horseshoe, Midland, Texas, United States. Speakers: Travis D. Stice, Chief Executive Officer and Director.

Diamondback Energy, Inc. Reports Unaudited Consolidated Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2014; Reaffirms Production and Capital Expenditures Guidance for the Year 2014

Diamondback Energy, Inc. reported unaudited consolidated earnings and production results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenues of $139,127,000 against $57,791,000 a year ago. Income from operations was $63,516,000 against $29,423,000 a year ago. Income before income taxes was $68,619,000 against $23,695,000 a year ago. Net income attributable to the company was $43,739,000 or $0.79 per diluted share against $14,596,000 or $0.33 per diluted share a year ago. Adjusted EBITDA was $111,122,000 against $47,653,000 a year ago. Adjusted net income was $34,045,000 or $0.61 per diluted share against $17,620,000 or $0.39 per diluted share a year ago. Net cash provided by operating activities was $92,289,000 against $41,849,000 a year ago. During the third quarter of 2014, capital spent for drilling, completion and infrastructure was approximately $103.3 million. Additionally, the Company spent approximately $528 million on acquisitions of leasehold interests. For the nine months, the company reported revenues of $225,008,000 against $74,303,000 a year ago. Income from operations was $111,255,000 against $28,045,000 a year ago. Income before income taxes was $80,177,000 against $30,831,000 a year ago. Net income attributable to the company was $51,342,000 or $1.02 per diluted share against $19,867,000 or $0.52 per diluted share a year ago. Adjusted EBITDA was $395,517,000 against $103,052,000 a year ago. Adjusted net income was $96,360,000 or $1.86 per diluted share against $35,632,000 or $0.88 per diluted share a year ago. Net cash provided by operating activities was $251,995,000 against $91,647,000 a year ago. For the quarter, the company reported oil production of 1,426 MBbl against 515 MBbl a year ago. Natural gas was 1,201 MMcf against 446 MMcf a year ago. Natural gas liquids were 272 MBbls against 93 MBbls a year ago. Oil Equivalents was 1,898 MBOE against 683 MBOE a year ago. For the nine months, the company reported oil production of 3,597 MBbl against 1,263 MBbl a year ago. Natural gas was 2,899 MMcf against 1,206 MMcf a year ago. Natural gas liquids were 661 MBbls against 249 MBbls a year ago. Oil Equivalents was 4,741 MBOE against 1,713 MBOE a year ago. For the year 2014, the company expects total net production to be 17.0 MBoe/d to 19.0 MBoe/d. Production and Ad Valorem Taxes to be 7.1%. Capital expenditures expected to be in the range of $425 million to $475 million. Interest expenses to be in the range of $36.0 million to $38.0 million.

Diamondback Energy, Inc. to Report Q3, 2014 Results on Nov 04, 2014

Diamondback Energy, Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Nov 04, 2014

 

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