Diamondback Energy, Inc. (NASDAQ:FANG) announced a quarterly dividend on Monday, February 22nd, RTT News reports. Investors of record on Thursday, March 4th will be given a dividend of 0.40 per share by the oil and natural gas company on Thursday, March 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.34%. This is a positive change from Diamondback Energy’s previous quarterly dividend of $0.38.
Diamondback Energy stock opened at $68.40 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.45 and a debt-to-equity ratio of 0.53. Diamondback Energy has a 52 week low of $14.55 and a 52 week high of $73.31. The company has a market capitalization of $10.81 billion, a price-to-earnings ratio of -2.54, a price-to-earnings-growth ratio of 0.59 and a beta of 2.59. The stock has a 50-day moving average price of $61.88 and a 200 day moving average price of $43.40.
Diamondback Energy (NASDAQ:FANG) last released its earnings results on Sunday, February 21st. The oil and natural gas company reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.01. The firm had revenue of $769.00 million during the quarter, compared to the consensus estimate of $768.65 million. Diamondback Energy had a positive return on equity of 5.10% and a negative net margin of 135.48%. The company’s revenue was down 30.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.93 earnings per share. Research analysts anticipate that Diamondback Energy will post 3.06 EPS for the current fiscal year.
Diamondback Energy Company Profile
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 primarily 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.
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