Diamondback Energy, Inc. Announces Fourth Quarter and Full Year 2019 Financial and Operating Results; Doubles Dividend

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Go back to Diamondback Energy, Inc. Announces Fourth Quarter and Full Year 2019 Financial and Operating Results; Doubles Dividend

SunTrust Reiterates Buy Rating on Diamondback Energy (FANG)

February 19, 2020 7:24 AM EST

SunTrust analyst Neal Dingmann reiterated a Buy rating and $137.00 price target on Diamondback Energy (NASDAQ: FANG). FANG continues to address shareholder return by doubling its dividend with a current annualized yield of 2% and repurchased $199MM of common shares in 4Q19.

FANG reported better than... More

Mizuho Securities Reiterates Buy Rating on Diamondback Energy (FANG) Following Dividend Hike

February 19, 2020 6:58 AM EST

Mizuho Securities analyst Paul Sankey reiterated a Buy rating and $130.00 price target on Diamondback Energy (NASDAQ: FANG) after doubling dividend payments. Dividend payments for 2020 should total ~$250Mn. FANG had last updated its "sustaining" capital requirements with 3Q19 results at ~$1.7Bn to keep flat exit 2019 production.... More

Diamondback Energy (FANG) Tops Q4 EPS by 12c

February 18, 2020 4:02 PM EST

Diamondback Energy (NASDAQ: FANG) reported Q4 EPS of $1.93, $0.12 better than the analyst estimate of $1.81.

Q4 2019 average production of 195.0 MBO/d (301.3 MBOE/d), with average oil production up 5% over Q3 2019 and 50% over Q4 2018Q4 2019 net loss of $(487) million, which includes a $790 million impairment due to lower SEC commodity pricing; adjusted net income (as... More