Diamondback Energy, Inc.

Diamondback Energy, Inc.verified

FANG

Price:

$200.76

Market Cap:

$35.80B

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 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, 2021, the company's total acreage position was approximately 524,700 gross acres in the Permian Basin; and estimated proved oil and natural gas reserves were 1,788,991 thousand barrels of crude oil equivalent. It also h...[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

2012-10-12

Stock Exchange

NASDAQ

Ticker

FANG

The PE Ratio as of July 2024 (TTM) for Diamondback Energy, Inc. (FANG) is 11.32

According to Diamondback Energy, Inc.’s latest financial reports and current stock price. The company's current PE Ratio is 11.32. This represents a change of 22.27% compared to the average of 9.26 of the last 4 quarters.

Diamondback Energy, Inc. (FANG) Historical PE Ratio (quarterly & annually)

How has FANG PE Ratio performed in the past?

The mean historical PE Ratio of Diamondback Energy, Inc. over the last ten years is 8.44. The current 11.32 PE Ratio has changed 13.31% with respect to the historical average. Over the past ten years (40 quarters), FANG's PE Ratio was at its highest in in the March 2019 quarter at 427.34. The PE Ratio was at its lowest in in the September 2016 quarter at -804.50.

Quarterly (TTM)
Annual

Average

8.44

Median

8.81

Minimum

-45.94

Maximum

63.26

Diamondback Energy, Inc. (FANG) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Diamondback Energy, Inc. PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 500.13%

Maximum Annual PE Ratio = 63.26

Minimum Annual Increase = -633.49%

Minimum Annual PE Ratio = -45.94

Quarterly (TTM)
Annual
YearPE RatioChange
20238.8861.32%
20225.51-36.94%
20218.73-633.49%
2020-1.64-102.59%
201963.26451.59%
201811.47-55.05%
201725.51-155.54%
2016-45.94500.13%
2015-7.65-146.96%
201416.30-59.96%

Diamondback Energy, Inc. (FANG) Average PE Ratio

How has FANG PE Ratio performed in the past?

The current PE Ratio of Diamondback Energy, Inc. (FANG) is greater than its 3-year, less than than its 5-year, and greater than its 10-year historical averages

3-year avg

7.71

5-year avg

16.95

10-year avg

8.44

Diamondback Energy, Inc. (FANG) PE Ratio vs. Peers

How is FANG’s PE Ratio compared to its peers?

Diamondback Energy, Inc.’s PE Ratio is greater than Devon Energy Corporation (8.71), less than Coterra Energy Inc. (14.87), greater than EOG Resources, Inc. (9.93), less than ConocoPhillips (12.33), less than Antero Resources Corporation (137.06), greater than Callon Petroleum Company (5.99), greater than Earthstone Energy, Inc. (4.95), greater than Vital Energy, Inc. (3.00), less than Pioneer Natural Resources Company (13.27), less than Occidental Petroleum Corporation (12.39), greater than APA Corporation (3.43), less than Hess Corporation (22.93), less than EQT Corporation (21.78),

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