The oil company couldn't overcome the pressure of falling oil prices. Shares of Diamondback Energy (FANG 3.87%) slumped 11.6% in September, according to data provided by S&P Global Market Intelligence. Lower crude oil prices weighed on the oil company's stock price last month. That offset some positive news for the oil producer. Down despite some positive catalysts Crude oil prices continued to cool off last month. West Texas Intermediate (WTI), the primary U.S. oil price benchmark, fell 7.3% for the month, ...

While oil stocks rise across the board amid escalating tensions in the Middle East, Diamondback Energy Inc (NASDAQ:FANG) stock is getting an extra boost, up 2.8% to trade at $182.44, after Barclays upgraded the oil equity to "overweight" from "equal weight." The analyst in coverage noted the company has one of the "clearest positive event paths," pointing towards its $26 billion acquisition of Endeavor Energy. Diamondback Energy stock opened today's session at $183, and is testing a channel of lower lows si ...

Diamondback Energy, Inc. (FANG) , a leading Texas-based oil and gas producer, recently increased the company's third-quarter production forecast following the completion of its $26 billion acquisition of Endeavor Energy Resources. This strategic move has not only increased FANG's production capacity but also positioned the company as the third-largest producer in the Permian Basin, trailing only behind ExxonMobil (XOM) and Chevron (CVX) . FANG's Bold Production Forecast for Third Quarter In its updated fore ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________ Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock FANG The Nasdaq Stock Market LLC (NASDAQ Global Select Market) FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): October 1, 2024 ___________ DIAMONDBACK ...

MIDLAND, Texas, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the "Company") today announced revised Q3 2024 production and capital guidance. This guidance has been updated to give effect to the Endeavor Energy Resources, L.P. ("Endeavor") merger, which was completed on September 10, 2024. REVISED THIRD QUARTER 2024 GUIDANCE Q3 2024 oil production guidance of 319 – 321 MBO/d (565 – 569 MBOE/d) Q3 2024 cash CAPEX guidance of $675 – $700 million About Diamondback ...

Diamondback Energy has some attractive qualities. Occidental Petroleum (OXY 2.24%) is one of the more popular oil stocks these days. Warren Buffett likely has something to do with that. His company, Berkshire Hathaway, owns over 27% of its outstanding stock. One of the factors that has probably drawn Buffett to Occidental Petroleum is its premier position in the Permian Basin. However, it's not the only oil stock with a foothold in that world-class oil field. Diamondback Energy (FANG 1.05%) is a leader in t ...

MIDLAND, Texas, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback"), today announced that it plans to release third quarter 2024 financial results on November 4, 2024 after the market closes. In connection with the earnings release, Diamondback will host a conference call and webcast for investors and analysts to discuss its results for the third quarter of 2024 on Tuesday, November 5, 2024 at 8:00 a.m. CT. Access to the webcast, and replay which will be available foll ...

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In its weekly release, Baker Hughes Company (BKR) stated that the U.S. rig count was lower than the prior week's figure. The rotary rig count, issued by BKR, is usually published in major newspapers and trade publications. Baker Hughes' data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry. The number of active rigs and its comparison with the week-ago figure indicates the demand trajectory for the company's oilfie ...

MIDLAND, Texas, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback") announced today the upsize and pricing of an underwritten public offering of 12,770,000 shares of its common stock (the "Secondary Offering") by certain Legacy Endeavor Stockholders (the "Selling Stockholders"). The gross proceeds from the sale of the shares by the Selling Stockholders will be approximately $2.2 billion. Diamondback will not receive any proceeds from the sale of the shares by the Selli ...