Diamondback Energy

NASDAQ:FANG   4:00PM EDT
82.74
+0.77 (+0.94%)
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Market Cap (Intraday)13.49B
Current PE15.60
Forward PE 12.29
2yr Forward PE 9.11
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Estimates Current Quarter
Revenue$1.08 Billion
Adjusted EPS$1.85
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10-Day MA$83.55
50-Day MA$92.52
200-Day MA$100.39
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Diamondback Energy, Inc. Stock, NASDAQ:FANG

500 WEST TEXAS, SUITE 1210, MIDLAND, TX 79701
United States of America
Phone: 405-463-6900
Number of Employees: 141

Description

Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. Its activities are primarily focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn, and Atoka formations. As of December 31, 2016, the company's net acreage position is approximately 105,894 acres in the Permian Basin; and estimated proved oil and natural gas reserves were 205,457 thousand barrels of crude oil equivalent. It holds working interests in 998 gross producing wells. The company also owns mineral interests underlying approximately 107,568 gross acres in the Permian Basin. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.