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Letter to Stockholders Issued by Diamondback Energy, Inc.
Globe Newswire (Tue, 30-Apr 4:02 PM ET)
Diamondback Energy, Inc. Announces First Quarter 2024 Financial and Operating Results
Globe Newswire (Tue, 30-Apr 4:01 PM ET)
Globe Newswire (Tue, 30-Apr 4:01 PM ET)
Globe Newswire (Fri, 26-Apr 4:01 PM ET)
Diamondback Energy Prices Offering of Senior Notes
Globe Newswire (Tue, 9-Apr 4:25 PM ET)
Oklo Signs LOI to Supply 50 Megawatts of Power to Diamondback Energy
Business Wire (Mon, 8-Apr 8:32 AM ET)
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates TAST, FANG, VINE
PRNewswire (Tue, 2-Apr 10:56 AM ET)
Verde Clean Fuels, Inc. Reports 2023 Results
Business Wire (Thu, 28-Mar 4:15 PM ET)
Globe Newswire (Mon, 25-Mar 4:15 PM ET)
Diamondback Energy, Inc. Schedules First Quarter 2024 Conference Call for May 1, 2024
Globe Newswire (Mon, 25-Mar 4:13 PM ET)
Diamondback Energy is an independent oil and gas producer in the United States. The company operates exclusively in the Permian Basin. At the end of 2023, the company reported net proven reserves of 2.2 billion barrels of oil equivalent. Net production averaged about 448,000 barrels per day in 2023, at a ratio of 59% oil, 21% natural gas liquids, and 20% natural gas.
Diamondback Energy trades on the NASDAQ stock market under the symbol FANG.
As of May 13, 2024, FANG stock price declined to $200.77 with 1,269,166 million shares trading.
FANG has a beta of 0.32, meaning it tends to be less sensitive to market movements. FANG has a correlation of 0.02 to the broad based SPY ETF.
FANG has a market cap of $35.83 billion. This is considered a Large Cap stock.
Last quarter Diamondback Energy reported $2 billion in Revenue and $4.50 earnings per share. This beat revenue expectation by $137 million and exceeded earnings estimates by $.08.
In the last 3 years, FANG stock traded as high as $211.96 and as low as $65.93.
The top ETF exchange traded funds that FANG belongs to (by Net Assets): VTI, VOO, XLE, VO, QQQ.
FANG has outperformed the market in the last year with a return of +59.4%, while the SPY ETF gained +27.8%. In the last 3 month period, FANG beat the market returning +34.3%, while SPY returned +4.3%. However, in the most recent 2 weeks FANG has underperformed the stock market by returning -3.4%, while SPY returned +2.5%.
FANG support price is $199.51 and resistance is $204.87 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FANG stock will trade within this expected range on the day.