Diamondback Energy, Inc., an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, 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. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.
Permian Powerhouse | Diamondback Energy's dominant position in the Midland basin of the Permian region provides a significant competitive advantage and long-term operational visibility |
Efficiency Champion | With a break-even oil price of $36 per barrel, FANG stands out as a low-cost producer, demonstrating resilience in volatile market conditions |
Strategic Expansion | Explore FANG's ventures into gas power generation, land management, and water services, potentially opening new revenue streams and enhancing business stability |
Financial Outlook | Analysts project EPS of $13.80 to $16.30, with an average price target of $199, reflecting confidence in FANG's growth potential and market positioning |
Metrics to compare | FANG | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipFANGPeersSector | |
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P/E Ratio | 11.0x | 17.2x | 4.7x | |
PEG Ratio | −1.44 | −0.26 | 0.00 | |
Price/Book | 1.1x | 1.1x | 1.1x | |
Price / LTM Sales | 3.5x | 1.2x | 1.1x | |
Upside (Analyst Target) | 20.9% | 25.3% | 24.7% | |
Fair Value Upside | Unlock | 9.3% | 11.4% | Unlock |