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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.
US Oil & Gas Plays Witness Uptick in Rig Tally After 23 Weeks
by Zacks Equity Research
Since economies are reopening, most analysts opine that the weekly rig count will continue to increase.
Why Investors Should Hold on to Viper Energy Stock Right Now
by Zacks Equity Research
Viper Energy (VNOM) is not likely to be exposed to further downturn in crude prices as it has hedged the majority of crude volumes to be produced for the remainder of 2020.
Bet on 3 US Upstream Energy Stocks With Low Debt Exposure
by Kaibalya Pravo Dey
Over the past few years, oil and gas producers have not only worked tirelessly to cut costs to a bare minimum but also have looked for innovative ways to churn out more hydrocarbons.
US Oil & Gas Rig Tally Hits Record Lows for 15 Straight Weeks
by Zacks Equity Research
If crude recovery sustains, since more people are getting back to work on easing lockdown measures, many explorers will consider adding rigs.
The Zacks Analyst Blog Highlights: Diamondback Energy, Valero Energy, Phillips 66, Continental Resources and Parsley Energy
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Diamondback Energy, Valero Energy, Phillips 66, Continental Resources and Parsley Energy
Oil Prices Hit 5-Month High Following Another Inventory Drop
by Nilanjan Choudhury
Oil markets find support from the continued drop in crude inventories. Another piece of optimistic news is the fall in gasoline and distillate inventories - a signal of demand improvement.
Oil & Gas Stock Roundup: Bunch of Q2 Earnings & Canadian Natural's Acquisition
by Nilanjan Choudhury
Shale operators EOG Resources (EOG), Pioneer Natural Resources (PXD) and Diamondback Energy (FANG) reported Q2 earnings, while Canadian Natural Resources (CNQ) agreed to buy Painted Pony Energy.
Diamondback (FANG) Q2 Earnings Top Estimates on Solid Output
by Zacks Equity Research
Diamondback's (FANG) Q2 capex adds up to $562 million. The company coughs up $456 million on drilling and completion activity and spends another $32 million on non-operated properties.
Diamondback Energy (FANG) Q2 Earnings Surpass Estimates
by Zacks Equity Research
Diamondback (FANG) delivered earnings and revenue surprises of 400.00% and -29.24%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
Devon (DVN) to Report Q2 Earnings: What's in the Offing?
by Zacks Equity Research
Despite the COVID-19 pandemic's impact on demand and price, Devon's (DVN) cost management, hedging and increased efficiency across its portfolio are likely to reflect on second-quarter results.
Why Diamondback (FANG) Might Surprise This Earnings Season
by Zacks Equity Research
Diamondback (FANG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Marathon Oil (MRO) to Post Q2 Earnings: What's in Store?
by Zacks Equity Research
Marathon Oil (MRO) slashes its 2020 capex view twice within a month, indicating a $1.1-billion cut from the original guidance of $2.4 billion. This strategic action is likely to aid its Q2 results.
What's in Store for Noble Midstream's (NBLX) Q2 Earnings?
by Zacks Equity Research
Noble Midstream Partners' (NBLX) second-quarter earnings are likely to have benefited from cost management. Reduction in cash distribution is likely to have improved liquidity.
Noble Energy (NBL) to Post Q2 Earnings: What's in the Cards?
by Zacks Equity Research
Noble Energy's (NBL) second-quarter earnings are likely to have benefited from cost management and strong operational performance.
What's in the Offing for Diamondback (FANG) Q2 Earnings?
by Zacks Equity Research
While significant production growth is expected to have driven Diamondback's (FANG) earnings in Q2, lower year-over-year crude oil prices might hurt its overall results.
How is Williams Companies (WMB) Placed Ahead of Q2 Earnings?
by Zacks Equity Research
Williams Companies' (WMB) Transmission & Gulf of Mexico and Northeast G&P segments, which together constitutes more than 70% of the company's adjusted EBITDA, are likely to have grown in Q2.
Will Diamondback (FANG) Beat Estimates Again in Its Next Earnings Report?
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.
Earnings Preview: Diamondback Energy (FANG) Q2 Earnings Expected to Decline
by Zacks Equity Research
Diamondback (FANG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Core Labs' (CLB) Q2 Earnings and Sales Surpass Estimates
by Zacks Equity Research
In the June quarter, Core Labs (CLB) generates $27 million in operating cash and its capital expenditure totals $3.1 million, leading to $23.9-million free cash flow (FCF) recognition.
The Zacks Analyst Blog Highlights: AstraZeneca, BioNTech, Pfizer, Cimarex Energy, Diamondback Energy, Centennial Resource Development and Bonanza Creek Energy
by Zacks Equity Research
The Zacks Analyst Blog Highlights: AstraZeneca, BioNTech, Pfizer, Cimarex Energy, Diamondback Energy, Centennial Resource Development and Bonanza Creek Energy
Suncor Energy (SU) Q2 Loss Wider Than Expected, Revenues Lag
by Zacks Equity Research
Suncor Energy's (SU) Exploration and Production segment (comprising International, Offshore and Natural Gas segments) produces 101,800 Boe/d in Q2 compared with 111,700 Boe/d in the prior-year quarter.
Here's How to Interpret the Latest EIA Crude Inventory Report
by Nilanjan Choudhury
The federal government's EIA report revealed that crude inventories rose by 4.9 million barrels, compared to expectations for a 1.9 million barrels decrease.
Tap the Crude Oil Rally With These 4 Energy Stocks
by Nilanjan Banerjee
The surge in oil price, recovering more than 230% since late-April, is supportive of upstream energy operations.
Oil & Gas Stock Roundup: Chevron's $5B Noble Buy, Halliburton's Q2 & More
by Nilanjan Choudhury
Chevron (CVX) agreed to buy Texas-based upstream company Noble Energy (NBL) for roughly $5 billion in stock. Meanwhile, oilfield service biggie Halliburton (HAL) reported second-quarter earnings.
US Oil & Gas Rig Tally Hits Record Lows for 11 Straight Weeks
by Zacks Equity Research
With oil prices recovering gradually, most analysts opine that the decline in weekly rig count will narrow down further.