The most recent trading session ended with Diamondback Energy (FANG) standing at $203.22, reflecting a +1.42% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 0.11% for the day. At the same time, the Dow lost 0.11%, and the tech-heavy Nasdaq gained 0.23%.The the stock of energy exploration and production company has risen by 11.28% in the past month, leading the Oils-Energy sector's gain of 8.5% and the S&P 500's gain of 1.5%.The investment community ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Diamondback Energy (FANG) , which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry, could be a great candidate to consider.When looking at the last two reports, this energy exploration and production company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 7.43%, on ...

Bet_Noire Introduction It's time to discuss Diamondback Energy, Inc. (NASDAQ:FANG), one of my all-time favorite upstream (oil and gas production) energy stocks. I started covering this stock in September 2022, when I went with the title "Diamondback Energy: Your FANG For The Next Decade?" Since then, the stock has returned 56%, beating the 29% return of the S&P 500 by a considerable margin. My most recent article was written on January 16, 2024, when I went with the title "Diamondback Energy: 8% Distributio ...

A month has gone by since the last earnings report for Diamondback Energy (FANG) . Shares have added about 7.3% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Diamondback due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Diamondback Q4 Earnings Beat Estimates on St ...

In the latest market close, Diamondback Energy (FANG) reached $192.90, with a +0.15% movement compared to the previous day. This move lagged the S&P 500's daily gain of 0.89%. Meanwhile, the Dow gained 1.03%, and the Nasdaq, a tech-heavy index, added 1.25%.Shares of the energy exploration and production company have appreciated by 8.18% over the course of the past month, outperforming the Oils-Energy sector's gain of 5.25% and the S&P 500's gain of 3.56%.The investment community will be paying close attenti ...

Diamondback Energy (FANG) closed the most recent trading day at $184.52, moving +0.01% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 1.12% for the day. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq added 1.54%.Coming into today, shares of the energy exploration and production company had gained 11.16% in the past month. In that same time, the Oils-Energy sector gained 4.79%, while the S&P 500 gained 2.06%.Market participants will be closely ...

grandriverDiamondback (NASDAQ:FANG) is in a position of strength in the current market, with uncertain macroeconomic conditions going through CY24. I believe that the oil market will remain flat-to-down during the duration of the year, contingent upon no tail-end exogenous event. Given their operational efficiencies, a focus on bringing current DUC inventories into production, and lighter capital investments for eFY24, I provide FANG shares a BUY recommendation with a price target of $209.46/share at 6x ...

U.S. energy operator Diamondback Energy (FANG) reported fourth-quarter 2023 adjusted earnings per share of $4.74, beating the Zacks Consensus Estimate of $4.61. The outperformance primarily reflects strong production.However, the bottom line declined from the year-ago adjusted figure of $5.29 due to a drop in overall realization and higher costs.Meanwhile, revenues of $2.2 billion rose 9.8% from the year-ago quarter’s sales and outperformed the Zacks Consensus Estimate by $81 million.In good news for invest ...

The pricing environment of crude oil continues to be favorable, encouraging more exploration and production activities. Upstream players may keep increasing their operations in prolific shale resources, consequently raising the count of drilling rigs. With the uptick in drilling activities, production is expected to increase, benefiting businesses involved in exploration and production.Oil Price Still HighWest Texas Intermediate crude price is trading at more than $75 per barrel, which is favorable for expl ...

Diamondback Energy, Inc. (NASDAQ:FANG) Q4 2023 Earnings Conference Call February 21, 2024 9:00 AM ET Company Participants Adam Lawlis - VP, IR Travis Stice - Chairman & CEO Kaes Van't Hof - President & CFO Danny Wesson - EVP & COO Conference Call Participants Neal Dingmann - Truist Securities David Deckelbaum - TD Cowen Neil Mehta - Goldman Sachs Arun Jayaram - JPMorgan Securities Derrick Whitfield - Stifel Roger Read - Wells Fargo Jeoffrey Lambujon - TPH & Co. Paul Cheng - Scotiabank Leo Mariani - ROTH MKM ...