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Zacks News
Founded in 2007, Midland, TX-headquartered Diamondback Energy, Inc. is an independent oil and gas exploration & production company, with its primary focus on the Permian Basin, where it has around 394,000 net acres. Its activities are concentrated in the Wolfcamp, Spraberry, Clearfork, Bone Spring, and Cline formations. In Nov 29, 2018, Diamondback completed its $9.2 billion buyout of Energen Corporation to boost its Permian presence.
Permian Basin Adds Oil Drilling Rigs for 4 Straight Weeks
by Nilanjan Banerjee
After increasing for nine straight weeks, the tally of oil and gas rigs in the United States has jumped to the highest mark since May.
Oil & Gas Stock Roundup: Enbridge, EOG & Other Earnings Announcements
by Nilanjan Choudhury
Energy infrastructure providers Enbridge (ENB) and Williams (WMB), as well as shale operators EOG Resources (EOG), Pioneer Natural Resources (PXD) and Diamondback Energy (FANG) reported Q3 earnings.
Viper Energy (VNOM) Announces Buyback After Q3 Earnings Beat
by Zacks Equity Research
Viper Energy (VNOM) intends to use expected free cash flow for the repurchase of units under the buyback program.
Markets Rejoice Pfizer (PFE) Vaccine News
by Mark Vickery
For the month of November thus far, the Dow has already climbed more than 10%.
Stock Market News for Nov 3, 2020
by Zacks Equity Research
U.S. stock markets closed sharply higher on Monday, recovering some losses of the previous week???s rout ahead of the U.S. Presidential election on Nov 3.
Diamondback (FANG) Q3 Earnings Top Estimates on Solid Output
by Zacks Equity Research
Diamondback's (FANG) Q3 capex adds up to $281 million. The company coughs up $219 million on drilling and completion activity and spends another $39 million on midstream activity.
Diamondback Energy (FANG) Q3 Earnings and Revenues Surpass Estimates
by Zacks Equity Research
Diamondback (FANG) delivered earnings and revenue surprises of 67.57% and 2.70%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
What's in the Offing for Diamondback (FANG) Q3 Earnings?
by Zacks Equity Research
While significant production growth is expected to have driven Diamondback's (FANG) earnings in Q3, lower year-over-year crude oil prices might hurt its overall results.
Diamondback Energy (FANG) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release
by Zacks Equity Research
Diamondback (FANG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Oil & Gas Stock Roundup: ConocoPhillips' Acquisition, Schlumberger & Halliburton's Q3 & More
by Nilanjan Choudhury
The headline came from ConocoPhillips' (COP) $9.7 billion acquisition of Concho Resources (CXO). Meanwhile, oilfield service majors Schlumberger (SLB) and Halliburton (HAL) reported Q3 results.
Diamondback Energy Gives Preliminary Update on Q3 Production
by Zacks Equity Research
Diamondback Energy (FANG) retains its fourth-quarter production view of 280-290 thousand barrels of oil equivalent per day.
Implied Volatility Surging for Diamondback Energy (FANG) Stock Options
by Zacks Equity Research
Investors need to pay close attention to Diamondback Energy (FANG) stock based on the movements in the options market lately.
U.S. Shale Oil Production Descent to Continue in November
by Nilanjan Choudhury
The steep drop in oil prices have forced the shale fraternity to scale back drilling activity and cut their capital budgets significantly.
Schlumberger (SLB) to Report Q3 Earnings: What's in Store?
by Zacks Equity Research
Lower upstream activities are likely to reflect on Schlumberger's (SLB) Q3 earnings results.
Permian Basin Adds Oil Drilling Rigs for 3 Straight Weeks
by Zacks Equity Research
As economies are reopening, most analysts opine that drillers will continue to add oil rigs.
Why Diamondback (FANG) Could Beat Earnings Estimates Again
by Zacks Equity Research
Diamondback (FANG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Permian Basin Adds Oil Drilling Rigs for 2 Straight Weeks
by Zacks Equity Research
As economies are reopening, most analysts believe that drillers will continue to add oil rigs.
US Oil & Gas Rig Tally Increases in 3 of 5 Weeks
by Zacks Equity Research
Since economies are reopening, most analysts opine that the weekly rig count will continue to increase.
Are Options Traders Betting on a Big Move in Diamondback Energy (FANG) Stock?
by Zacks Equity Research
Investors need to pay close attention to Diamondback Energy (FANG) stock based on the movements in the options market lately.
Permian Basin Witnesses Removal of Two Oil Drilling Rigs
by Zacks Equity Research
Since economies are reopening, most analysts opine that the weekly rig count will again start increasing.
Crude Sell-Off Deepens As EIA Reports First Build in 7 Weeks
by Nilanjan Choudhury
EIA report for the week ending Sep 4 revealed that crude inventories rose by 2 million barrels compared to expectations of a 500,000-barrel decline.
U.S. Rig Count Declines for the Sixth Consecutive Month
by Zacks Equity Research
With oil prices recovering gradually, most analysts opine that the decline in the tally of monthly rig in the United States will narrow down further.
US Oil & Gas Rig Tally Increases in 2 of Last 3 Weeks
by Zacks Equity Research
Since economies are reopening, most analysts opine that the weekly rig count will continue to increase.
The Zacks Analyst Blog Highlights: Halliburton, Schlumberger, Transocean, Devon and Diamondback
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Halliburton, Schlumberger, Transocean, Devon and Diamondback
US Oil & Gas Rig Tally Flat Despite Hurricane Laura
by Zacks Equity Research
Since economies are reopening, most analysts opine that the weekly rig count will again start to increase.