MIDLAND, Texas, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback") announced today the launch of an underwritten public offering of 11,270,000 shares of its common stock by certain Legacy Endeavor Stockholders (the "Selling Stockholders"), subject to market and other conditions (the "Secondary Offering"). Diamondback will not receive any proceeds from the sale of the shares by the Selling Stockholders. The Selling Stockholders have also granted the underwriters a 30-d ...

Diamondback Energy Inc. (FANG) , one of the largest oil producers in the Permian Basin, is exploring innovative ways to meet the power demands of its drilling and fracking operations. As the company continues to expand its influence, particularly after the acquisition of Endeavor Energy, FANG faces a unique challenge to ensure a sustainable power supply in the face of an increasingly unreliable Texas power grid. Shifting From Diesel to Electric Power in the Permian Basin For years, oil and gas companies in ...

In the latest market close, Diamondback Energy (FANG) reached $178.12, with a -0.92% movement compared to the previous day. This move lagged the S&P 500's daily loss of 0.29%. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw a decrease of 0.31%. Prior to today's trading, shares of the energy exploration and production company had lost 5.26% over the past month. This has lagged the Oils-Energy sector's loss of 2.45% and the S&P 500's gain of 1.57% in that time. The inve ...

In the latest market close, Diamondback Energy (FANG) reached $168.50, with a -1.74% movement compared to the previous day. This change lagged the S&P 500's 1.07% gain on the day. Elsewhere, the Dow gained 0.31%, while the tech-heavy Nasdaq added 2.17%. Heading into today, shares of the energy exploration and production company had lost 12.57% over the past month, lagging the Oils-Energy sector's loss of 4.22% and the S&P 500's gain of 2.92% in that time. Analysts and investors alike will be keeping a close ...

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 ...

It has been about a month since the last earnings report for Diamondback Energy (FANG) . Shares have lost about 1.2% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Diamondback due for a breakout? 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 Q2 Earnings Beat Estimat ...

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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 ...

Pla2na The energy market has been among the few to be eerily quiet in 2024. While stocks face heightened volatility and gold surges to consecutive all-time highs, crude oil remains stuck in the ~$70 to ~$80 range since the end of 2022. Geopolitical turbulence and tensions have occasionally caused sharp changes in the price of oil. Still, both concerns of a demand-driven decline or a supply shock surge have failed, leaving most oil producers stagnant. I've covered Diamondback Energy (NASDAQ:FANG) since 2022, ...

U.S. energy operator Diamondback Energy (FANG) reported second-quarter 2024 adjusted earnings per share of $4.52, which beat the Zacks Consensus Estimate of $4.46 and increased from the year-ago adjusted figure of $3.68. The outperformance primarily reflects stronger production and a gain in overall realization. Meanwhile, revenues of $2.5 billion rose 23.4% from the year-ago quarter's sales and outperformed the Zacks Consensus Estimate by 14%. In good news for investors, the company is using the excess cas ...