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Diamondback Energy, Inc. is an independent oil and natural gas company, focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas. The Company's activities are primarily directed at the horizontal development of the Wolfcamp and Spraberry formations in the Midland Basin and the Wolfcamp and Bone Spring formations in the Delaware Basin within the Permian Basin. Its subsidiary, Viper Energy, Inc., focuses on owning and acquiring mineral interests and royalty interests in oil and natural gas properties primarily in the Permian Basin. The Company has approximately 890,496 net acres, which primarily consists of 797,074 net acres in the Midland Basin and 93,422 net acres in the Delaware Basin. Its subsidiaries include Diamondback E&P LLC, Rattler Midstream GP LLC, Rattler Midstream LP, Diamondback RE Holdco LLC, Eclipse Merger Sub II, LLC, and QEP Resources, Inc.
Find out what a historical investment in Diamondback Energy, Inc. would be worth today using our FANG stock calculator.
Market Capitalisation
$54.64B
Price-earnings ratio
-
Dividend yield
2.14%
Volume
156.92K
High today
$197.73
Low today
$194.89
Open price
$196.78
52-week high
$214.51
52-week low
$134.30
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