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0.00165289256198349 0.00165289256198349 0.00991735537190085 0.00413223140495868 0.00743801652892567 -0.00826446280991736 -0.0164462809917355 -0.0159504132231404
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Diamondback Energy +4% after strong Q4 results; initiates dividend [Seeking Alpha]

DIAMONDBACK ENERGY INC (FANG)  More Company Research Source: Seeking Alpha
Last diamondback energy inc earnings: 5/8 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.diamondbackenergy.com
PDF Diamondback Energy +4% after strong Q4 results; initiates dividendDiamondback Energy (NASDAQ:FANG)+4.4% after-hours as it reports better than expectedQ4 earnings with revenues more than doubling Y/Y to $399M, also exceeding expectations.FANG says Q4 production rose 9% Q/Q and 79% Y/Y to 92.9K boe/day, and FY 2017 output of 79.2K boe/day jumped 84% Y/Y within operating cash flow; proved reserves at year-end 2017 totaled 335.4M boe, up 63% Y/Y.For FY 2018, FANG expects production of 108M-116M boe/day and plans to complete 170 -190 gross operated horizontal wells from a 10-12 rig program; planned 2018 capex is $1.3B-$1.5B.FANG also says it is initiating an annual cash dividend of $0.50/share beginning with Q1.See all stocks on the move »Now read:Diamondback: Raising My Price Target (Again) » [Read more]

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