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Diamondback Energy (FANG)

(Delayed Data from NSDQ)

$184.28 USD

184.28
1,098,512

-3.20 (-1.71%)

Updated Sep 4, 2024 04:00 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy23.68%
2Buy17.55%
3Hold9.21%
4Sell4.93%
5Strong Sell2.36%
S&P50010.96%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value C Growth B Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 14% (217 out of 251)

Industry: Oil and Gas - Exploration and Production - United States

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Balance Sheet

Research for FANG

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Diamondback Energy, Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 585 164 672 108 128
Receivables 847 1,006 671 437 615
Notes Receivable 0 0 0 0 0
Inventories 63 67 62 33 37
Other Current Assets 126 155 41 24 89
Total Current Assets 1,621 1,392 1,446 602 869
Net Property & Equipment 26,674 23,759 20,619 16,214 21,835
Investments & Advances 613 652 701 634 588
Other Non-Current Assets 1 23 4 0 7
Deferred Charges 45 64 40 73 142
Intangibles 0 0 0 0 0
Deposits & Other Assets 47 319 88 96 90
Total Assets 29,001 26,209 22,898 17,619 23,531
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 1,025 746 488 308 457
Current Portion Long-Term Debt 0 10 45 191 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 968 879 731 488 779
Income Taxes Payable 29 34 0 0 0
Other Current Liabilities 86 47 174 249 27
Total Current Liabilities 2,108 1,716 1,438 1,236 1,263
Mortgages 0 0 0 0 0
Deferred Taxes/Income 2,449 2,069 1,338 783 1,886
Convertible Debt 0 0 0 0 0
Long-Term Debt 6,641 6,238 6,642 5,624 5,371
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 373 496 235 172 105
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 11,571 10,519 9,653 7,815 8,625
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 2 2 2 2 2
Capital Surplus 14,142 14,213 14,084 12,656 12,357
Retained Earnings 2,489 801 -1,998 -3,864 890
Other Equity 797 674 1,157 1,010 1,657
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 17,430 15,690 13,245 9,804 14,906
Total Liabilities & Shareholder's Equity 29,001 26,209 22,898 17,619 23,531
Total Common Equity 17,430 15,690 13,245 9,804 14,906
Shares Outstanding 178.90 179.40 181.10 157.90 160.40
Book Value Per Share 97.43 87.46 73.14 62.09 92.93

Fiscal Year End for Diamondback Energy, Inc falls in the month of December.

All items in Millions except Per Share data.

6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Assets          
Cash & Equivalents 6,911 899 585 830 21
Receivables 830 942 847 996 807
Notes Receivable 0 0 0 0 0
Inventories 55 57 63 70 66
Other Current Assets 29 50 126 20 24
Total Current Assets 7,825 1,948 1,621 1,916 918
Net Property & Equipment 27,099 27,024 26,674 25,365 25,145
Investments & Advances 624 612 613 604 672
Other Non-Current Assets 15 7 1 1 1
Deferred Charges 32 61 45 60 60
Intangibles 0 0 0 0 0
Deposits & Other Assets 42 38 47 103 791
Total Assets 35,637 29,690 29,001 28,049 27,587
Liabilities & Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Notes Payable 0 0 0 0 0
Accounts Payable 1,113 975 1,025 1,140 978
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 903 907 968 825 1,012
Income Taxes Payable 49 134 29 37 15
Other Current Liabilities 72 102 86 139 118
Total Current Liabilities 2,137 2,118 2,108 2,141 2,123
Mortgages 0 0 0 0 0
Deferred Taxes/Income 2,549 2,502 2,449 2,243 2,233
Convertible Debt 0 0 0 0 0
Long-Term Debt 11,980 6,629 6,641 6,230 6,543
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 444 373 451 476
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 17,110 11,671 11,571 11,065 11,375
Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Preferred Stock 0 0 0 0 0
Common Stock (Par) 2 2 2 2 2
Capital Surplus 14,267 14,251 14,142 14,149 14,187
Retained Earnings 3,187 2,705 2,489 2,136 1,372
Other Equity 1,071 1,061 797 697 651
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 18,527 18,019 17,430 16,984 16,212
Total Liabilities & Shareholder's Equity 35,637 29,690 29,001 28,049 27,587
Total Common Equity 18,527 18,019 17,430 16,984 16,212
Shares Outstanding 178.30 178.30 178.90 178.80 178.80
Book Value Per Share 103.91 101.06 97.43 94.99 90.67