Diamondback Energy: Oil Outlook Improving, But Valuation Is Stretched, And Merger May Fail [Seeking Alpha]
Diamondback Energy, Inc. (FANG)
Last diamondback energy, inc. earnings: 2/18 04:01 pm
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US:NASDAQ Investor Relations:
ir.diamondbackenergy.com
Company Research
Source: Seeking Alpha
The company's primary income driver is the price of crude oil, and as oil prices rose, it has seen dramatic profit and valuation growth. Diamondback is focused on the Permian Basin for cheap production, but there are concerns about the sustainability of production growth without increased capital expenditure spending. As the oil market stands, it seems likely that total US production will stagnate or decline, potentially leading to higher oil prices regardless of geopolitical events. I believe Diamondback Energy is slightly overvalued today and that it may be best to buy the stock only after we see oil rise to over $100 or its share price fall below ~$170. In mid-2022, I published a bullish outlook on the oil and gas producer Diamondback Energy ( NASDAQ: FANG ) in " Diamondback Energy : Oil Producers To Benefit From Substantial Decline In Crude Reserve." At that time, I Recommended For You Recommended For You About FANG Stock Related Stocks Trending Analysis Trend
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FANG
News
- Diamondback Energy, Inc. (NASDAQ: FANG) had its price target lowered by analysts at Wells Fargo & Company from $227.00 to $224.00. They now have an "overweight" rating on the stock.MarketBeat
- Diamondback Energy, Inc. (NASDAQ: FANG) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- What Stocks Do After a Geopolitical Event [Yahoo! Finance]Yahoo! Finance
- Diamondback Energy (FANG) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- FTC to approve major Exxon deal — but exclude key executive [Yahoo! Finance]Yahoo! Finance
FANG
Earnings
- 4/30/24 - Beat
FANG
Sec Filings
- 5/3/24 - Form 144
- 5/2/24 - Form 10-Q
- 4/30/24 - Form 8-K
- FANG's page on the SEC website