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. The company also owns and operates midstream infrastructure assets, in the Midland and Delaware Basins of the Permian Basin. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.
Metrics to compare | F1AN34 | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipF1AN34PeersSector | |
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P/E Ratio | 16.6x | 0.2x | 4.8x | |
PEG Ratio | 22.77 | −0.09 | 0.00 | |
Price/Book | 3.3x | 1.1x | 1.1x | |
Price / LTM Sales | 6.5x | 2.0x | 1.2x | |
Upside (Analyst Target) | - | 25.6% | 29.8% | |
Fair Value Upside | Unlock | 15.4% | 7.9% | Unlock |