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Diamondback Energy

DB:7DB
Snowflake Description

Moderate growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
7DB
DB
$5B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
  • Diamondback Energy has significant price volatility in the past 3 months.
7DB Share Price and Events
7 Day Returns
46.1%
DB:7DB
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-65%
DB:7DB
34.4%
DE Oil and Gas
-14.2%
DE Market
7DB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Diamondback Energy (7DB) 46.1% 37.3% -61.5% -65% -67.8% -56.7%
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • 7DB underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • 7DB underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
7DB
Industry
5yr Volatility vs Market

Value

 Is Diamondback Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Diamondback Energy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Diamondback Energy.

DB:7DB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in USD $ 1.505299
Payout Ratio Company Filings (2019-12-31) 841.9%
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:7DB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.972 (1 + (1- 21%) (103.08%))
1.512
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.51
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.512 * 5.44%)
7.83%

Discounted Cash Flow Calculation for DB:7DB using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Diamondback Energy is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:7DB Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $1.51 / (7.83% - -0.39%)
$17.34
DB:7DB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:7DB represents 0.97319x of NasdaqGS:FANG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.97319x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 18.30 x 0.97319
€17.81
Value per share (EUR) From above. €17.81
Current discount Discount to share price of €32.13
= -1 x (€32.13 - €17.81) / €17.81
-80.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Diamondback Energy is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Diamondback Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Diamondback Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:7DB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.47
NasdaqGS:FANG Share Price ** NasdaqGS (2020-04-07) in USD $33.01
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Diamondback Energy.

DB:7DB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:FANG Share Price ÷ EPS (both in USD)

= 33.01 ÷ 1.47

22.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Diamondback Energy is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Diamondback Energy is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Diamondback Energy's expected growth come at a high price?
Raw Data
DB:7DB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts
20.2%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:7DB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.49x ÷ 20.2%

1.11x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Diamondback Energy is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Diamondback Energy's assets?
Raw Data
DB:7DB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $83.33
NasdaqGS:FANG Share Price * NasdaqGS (2020-04-07) in USD $33.01
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:7DB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:FANG Share Price ÷ Book Value per Share (both in USD)

= 33.01 ÷ 83.33

0.4x

* Primary Listing of Diamondback Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Diamondback Energy is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Diamondback Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Diamondback Energy has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Diamondback Energy expected to perform in the next 1 to 3 years based on estimates from 21 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
20.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Diamondback Energy expected to grow at an attractive rate?
  • Diamondback Energy's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Diamondback Energy's earnings growth is expected to exceed the Germany market average.
  • Diamondback Energy's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:7DB Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:7DB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts 20.2%
DB:7DB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 21 Analysts -3.4%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:7DB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:7DB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 3,618 2,204 645 1
2023-12-31 3,596 2,761 947 1
2022-12-31 3,321 2,719 541 7
2021-12-31 3,130 2,095 370 17
2020-12-31 3,179 2,152 372 17
2020-04-08
DB:7DB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 3,767 2,734 240
2019-09-30 3,421 2,264 1,034
2019-06-30 3,001 1,844 823
2019-03-31 2,530 1,603 693
2018-12-31 2,060 1,565 846
2018-09-30 1,850 1,404 654
2018-06-30 1,644 1,258 570
2018-03-31 1,414 1,052 509
2017-12-31 1,193 889 482
2017-09-30 988 744 393
2017-06-30 830 605 318
2017-03-31 673 435 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Diamondback Energy's earnings are expected to grow significantly at over 20% yearly.
  • Diamondback Energy's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:7DB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below

All data from Diamondback Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:7DB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 4.06 4.06 4.06 1.00
2023-12-31 6.01 7.96 4.05 2.00
2022-12-31 3.38 5.89 1.03 7.00
2021-12-31 2.35 6.14 -0.53 16.00
2020-12-31 2.34 4.49 0.79 16.00
2020-04-08
DB:7DB Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.47
2019-09-30 6.72
2019-06-30 5.97
2019-03-31 5.72
2018-12-31 8.09
2018-09-30 6.60
2018-06-30 5.76
2018-03-31 5.15
2017-12-31 4.95
2017-09-30 4.25
2017-06-30 3.65
2017-03-31 0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Diamondback Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Diamondback Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Diamondback Energy has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Diamondback Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Diamondback Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Diamondback Energy has delivered over 20% year on year earnings growth in the past 5 years.
  • Diamondback Energy's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Diamondback Energy's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
Diamondback Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Diamondback Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:7DB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 3,767.00 240.00 104.00
2019-09-30 3,421.03 1,033.67 87.55
2019-06-30 3,001.03 822.67 82.55
2019-03-31 2,530.03 692.67 75.55
2018-12-31 2,060.00 846.00 65.00
2018-09-30 1,849.94 653.56 56.15
2018-06-30 1,643.87 569.58 54.03
2018-03-31 1,413.72 508.99 50.93
2017-12-31 1,193.00 482.00 48.00
2017-09-30 988.42 393.30 47.73
2017-06-30 829.62 318.05 45.75
2017-03-31 673.25 4.15 43.38
2016-12-31 527.11 -165.03 42.62
2016-09-30 456.42 -378.04 40.93
2016-06-30 426.23 -532.59 38.55
2016-03-31 432.81 -589.39 36.71
2015-12-31 446.73 -550.63 31.97
2015-09-30 463.99 -264.55 29.73
2015-06-30 491.17 -64.03 28.70
2015-03-31 499.12 176.02 24.95
2014-12-31 495.72 193.76 21.27
2014-09-30 440.04 115.21 18.81
2014-06-30 358.71 86.06 14.44
2014-03-31 277.10 72.78 13.12
2013-12-31 208.00 54.59 11.04
2013-09-30 157.86 30.74 10.40
2013-06-30 116.88 16.60 9.93

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Diamondback Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Diamondback Energy used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Diamondback Energy has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Diamondback Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Diamondback Energy has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Diamondback Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Diamondback Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Diamondback Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Diamondback Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Diamondback Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Diamondback Energy Company Filings, last reported 3 months ago.

DB:7DB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 14,906.00 5,371.00 123.00
2019-09-30 15,489.00 4,761.00 100.00
2019-06-30 15,450.00 4,472.00 326.00
2019-03-31 14,514.00 4,670.00 126.00
2018-12-31 14,167.00 4,464.00 215.00
2018-09-30 6,429.80 2,332.36 508.45
2018-06-30 6,012.47 1,967.07 113.93
2018-03-31 5,735.18 1,701.91 72.49
2017-12-31 5,581.74 1,477.35 112.45
2017-09-30 5,586.12 1,256.39 30.21
2017-06-30 5,286.93 1,151.52 16.59
2017-03-31 5,119.36 985.79 37.44
2016-12-31 4,018.29 1,105.91 1,666.57
2016-09-30 2,835.30 497.81 167.27
2016-06-30 2,186.55 494.48 218.79
2016-03-31 2,337.06 485.64 235.81
2015-12-31 2,108.97 487.81 20.12
2015-09-30 2,289.72 489.00 43.83
2015-06-30 2,243.62 718.00 44.68
2015-03-31 2,116.52 611.58 31.64
2014-12-31 1,985.21 673.50 30.18
2014-09-30 1,885.85 590.00 40.64
2014-06-30 1,252.34 496.00 36.99
2014-03-31 1,082.91 587.00 25.31
2013-12-31 845.54 460.00 15.56
2013-09-30 822.94 450.23 53.10
2013-06-30 627.61 0.27 81.90
  • Diamondback Energy's level of debt (36%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (33.9% vs 36% today).
  • Debt is well covered by operating cash flow (50.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8x coverage).
X
Financial health checks
We assess Diamondback Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Diamondback Energy has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Diamondback Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.54%
Current annual income from Diamondback Energy dividends. Estimated to be 4.56% next year.
If you bought €2,000 of Diamondback Energy shares you are expected to receive €91 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Diamondback Energy's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.63%).
  • Diamondback Energy's dividend is below the markets top 25% of dividend payers in Germany (4.61%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:7DB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:7DB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 1.65 5.00
2021-12-31 1.52 7.00
2020-12-31 1.40 8.00
2020-04-08
DB:7DB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-27 1.500 5.318
2020-02-18 1.500 2.127
2019-11-06 0.750 0.918
2019-11-05 0.750 0.901
2019-08-09 0.750 0.820
2019-08-06 0.750 0.799
2019-05-07 0.750 0.724
2019-02-08 0.500 0.484
2018-11-07 0.500 0.491
2018-11-06 0.500 0.436
2018-08-09 0.500 0.405
2018-08-08 0.500 0.377
2018-05-08 0.500 0.393
2018-02-15 0.500 0.399
2018-02-13 0.500 0.414

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Diamondback Energy has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Diamondback Energy only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Diamondback Energy's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Diamondback Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Diamondback Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Diamondback Energy has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Diamondback Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Travis Stice
COMPENSATION $10,549,163
AGE 57
TENURE AS CEO 8.3 years
CEO Bio

Mr. Travis D. Stice has been Chief Executive Officer and Director of Energen Corporation since November 29, 2018. Mr. Stice serves as the Chief Executive Officer and Director of Viper Energy Partners GP LLC, General Partner of Viper Energy Partners LP since February 2014. Mr. Stice serves as the President and Chief Executive Officer of Diamondback E&P LLC. Mr. Stice is Chief Executive Officer and Director of Rattler Midstream GP LLC, general partner of Rattler Midstream Partners LP since July 2018. Mr. Stice has been the Chief Executive Officer of Diamondback Energy, Inc. and Diamondback O&G LLC since January 01, 2012 and served as its President and Chief Operating Officer since April 2011 until January 2012. He served as President and Chief Operating Officer of Windsor Energy, Inc. since April 2011. He served as President and Chief Operating Officer of Diamondback O&G LLC and Diamondback Energy, Inc. from April 2011 to January 2012. From November 2010 to April 2011, Mr. Stice served as a Production Manager of Apache Corporation. Mr. Stice served as the President and Chief Operating Officer of Diamondback Energy, Inc. from April 2011 to January 2012. Mr. Stice served as a Vice President of Midland for Laredo Petroleum, Inc. from September 2008 to September 2010. From April 2006 to August 2008, He has been a Director of Diamondback Energy, Inc. since November 2012. Mr. Stice served as a Development Manager of Conoco Phillips/Burlington Resources Mid-Continent Business Unit, an oil and gas exploration company. He served at Burlington Resources from 1990 to 2006, in various positions of increasing responsibility, including his last assignment as General Manager of Engineering & Operations in Midland from January 2001 until March 2006. Mr. Stice has 33 years of industry experience in production operations, reservoir engineering, production engineering and unconventional oil and gas exploration and over 20 years of management experience. He started his career with Mobil Oil in 1985. He is a Registered Engineer in the State of Texas and is a 33-year member of the Society of Petroleum Engineers. Mr. Stice holds a BS in Petroleum Engineering from Texas A&M University.

CEO Compensation
  • Travis's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Travis's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Diamondback Energy management team in years:

1.2
Average Tenure
49
Average Age
  • The average tenure for the Diamondback Energy management team is less than 2 years, this suggests a new team.
Management Team

Travis Stice

TITLE
CEO & Director
COMPENSATION
$11M
AGE
57
TENURE
8.3 yrs

Tracy Dick

TITLE
Chief Accounting Officer
COMPENSATION
$3M
AGE
49
TENURE
1.1 yrs

Russell Pantermuehl

TITLE
Executive VP & Chief Engineer
COMPENSATION
$5M
AGE
59
TENURE
3.3 yrs

Matthew Van’t Hof

TITLE
CFO & Executive VP of Business Development
AGE
32
TENURE
1.1 yrs

Daniel Wesson

TITLE
Executive Vice President of Operations
TENURE
0.6 yrs

Adam Lawlis

TITLE
Vice President of Investor Relations

P. Zmigrosky

TITLE
Executive VP
AGE
40
TENURE
1.2 yrs

Jennifer Soliman

TITLE
Executive VP & Chief Human Resources Officer
AGE
48
TENURE
2.3 yrs

Tom Hawkins

TITLE
Executive Vice President of Land
AGE
65
TENURE
3.1 yrs

David Cannon

TITLE
Senior Vice President of Geoscience and Technology
TENURE
1.1 yrs
Board of Directors Tenure

Average tenure and age of the Diamondback Energy board of directors in years:

7.5
Average Tenure
61
Average Age
  • The tenure for the Diamondback Energy board of directors is about average.
Board of Directors

Steve West

TITLE
Independent Chairman of the Board
COMPENSATION
$380K
AGE
59
TENURE
7.5 yrs

Travis Stice

TITLE
CEO & Director
COMPENSATION
$11M
AGE
57
TENURE
7.4 yrs

Michael Cross

TITLE
Independent Director
COMPENSATION
$275K
AGE
67
TENURE
7.5 yrs

David Houston

TITLE
Lead Director
COMPENSATION
$275K
AGE
66

Mark Plaumann

TITLE
Independent Director
COMPENSATION
$275K
AGE
63
TENURE
7.5 yrs

Melanie Trent

TITLE
Independent Director
COMPENSATION
$244K
AGE
54
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Diamondback Energy individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
23. Mar 20 Buy Matthew Van’t Hof Individual 19. Mar 20 19. Mar 20 4,750 €16.09 €76,421
11. Mar 20 Buy Travis Stice Individual 10. Mar 20 10. Mar 20 17,146 €25.08 €430,022
18. Sep 19 Sell Russell Pantermuehl Individual 17. Sep 19 17. Sep 19 -3,000 €94.30 €-282,891
18. Sep 19 Sell M B H Investments Ltd Company 16. Sep 19 16. Sep 19 -2,000 €92.97 €-185,945
18. Sep 19 Sell Randall Holder Individual 16. Sep 19 16. Sep 19 -3,000 €93.85 €-281,537
18. Sep 19 Sell Michael Cross Individual 17. Sep 19 17. Sep 19 -1,000 €94.75 €-94,746
11. Sep 19 Sell Russell Pantermuehl Individual 10. Sep 19 10. Sep 19 -5,000 €90.74 €-453,694
22. Aug 19 Sell Russell Pantermuehl Individual 21. Aug 19 21. Aug 19 -2,000 €90.82 €-181,638
20. Aug 19 Sell Randall Holder Individual 19. Aug 19 19. Aug 19 -3,000 €90.14 €-270,420
12. Aug 19 Buy Travis Stice Individual 09. Aug 19 09. Aug 19 4,186 €85.18 €356,572
24. Jun 19 Sell Matthew Van’t Hof Individual 20. Jun 19 20. Jun 19 -1,500 €95.32 €-142,985
24. Jun 19 Sell Russell Pantermuehl Individual 20. Jun 19 20. Jun 19 -5,000 €95.16 €-475,801
22. May 19 Sell Russell Pantermuehl Individual 21. May 19 21. May 19 -5,000 €100.48 €-502,395
X
Management checks
We assess Diamondback Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Diamondback Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico. As of December 31, 2019, the company’s total acreage position was approximately 455,378 gross acres in the Permian Basin; and estimated proved oil and natural gas reserves were 1,127,575 thousand barrels of crude oil equivalent. It also held working interests in 2,656 gross producing wells, as well as royalty interests in 4,161 additional wells. In addition, the company owns mineral interests approximately 814,224 gross acres and 24,304 net royalty acres in the Permian Basin and Eagle Ford Shale; and owns, operates, develops, and acquires midstream infrastructure assets, such as 867 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system in the Midland and Delaware Basins of the Permian Basin. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.

Details
Name: Diamondback Energy, Inc.
7DB
Exchange: DB
Founded: 2007
$4,797,568,264
158,284,486
Website: http://www.diamondbackenergy.com
Address: Diamondback Energy, Inc.
500 West Texas Avenue,
Suite 1200,
Midland,
Texas, 79701,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS FANG Common Stock Nasdaq Global Select US USD 12. Oct 2012
DB 7DB Common Stock Deutsche Boerse AG DE EUR 12. Oct 2012
BRSE 7DB Common Stock Berne Stock Exchange CH CHF 12. Oct 2012
BMV FANG * Common Stock Bolsa Mexicana de Valores MX MXN 12. Oct 2012
BOVESPA F1AN34 BDR EACH 2 REPR 1 SHS UNSPON Bolsa de Valores de Sao Paulo BR BRL 27. Jan 2020
Number of employees
Current staff
Staff numbers
712
Diamondback Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 05:19
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/02/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.