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DIAMONDBACK ENERGY, INC.

(FANG)
  Report
Delayed Nasdaq  -  04:00:01 2023-01-30 pm EST
145.34 USD   -3.72%
01/26Raymond James Adjusts Price Target on Diamondback Energy to $205 From $200, Maintains Strong Buy Rating
MT
01/25Wells Fargo Initiates Coverage on Diamondback Energy at Overweight With $181 Price Target
MT
01/24Morgan Stanley Adjusts Price Target on Diamondback Energy to $168 From $180, Maintains Overweight Rating
MT
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Diamondback Energy, Inc. Announces Closing of FireBird Acquisition

11/30/2022 | 04:31pm EST

MIDLAND, Texas, Nov. 30, 2022 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or “the Company”) today announced that it has completed its previously announced acquisition of all leasehold interests and related assets of FireBird Energy LLC (“FireBird”).

About Diamondback Energy, Inc.

Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. For more information, please visit www.diamondbackenergy.com.

Forward Looking Statements

The foregoing release contains forward-looking statements as defined by the Securities and Exchange Commission. All statements, other than historical facts, that address activities, events or developments that Diamondback assumes, plans, expects, believes, intends or anticipates (and other similar expressions) will, should or may occur in the future are forward-looking statements. The forward-looking statements are based on management’s current beliefs, based on currently available information, as to the outcome and timing of future events, including the current industry and macroeconomic conditions, commodity pricing environment, production levels, any future regulatory actions affecting Diamondback, the impact and duration of the COVID-19 pandemic, acquisitions and sales of assets, drilling and capital expenditure plans, environmental targets and initiatives and other factors believed to be appropriate. Forward looking statements are not guarantees of performance. These forward-looking statements involve certain risks and uncertainties, many of which are beyond Diamondback’s control and could cause the actual results or developments to differ materially from those currently anticipated by the management of Diamondback. Information concerning these risks and other factors can be found in Diamondback’s filings with the Securities and Exchange Commission, including its reports on Forms 10-K, 10-Q and 8-K. Diamondback undertakes no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise.

Investor Contact:
Adam Lawlis
+1 432.221.7467
alawlis@diamondbackenergy.com



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Source: Diamondback Energy, Inc.

2022 GlobeNewswire, Inc., source Press Releases

All news about DIAMONDBACK ENERGY, INC.
01/26Raymond James Adjusts Price Target on Diamondback Energy to $205 From $200, Maintains S..
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01/25Wells Fargo Initiates Coverage on Diamondback Energy at Overweight With $181 Price Targ..
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Analyst Recommendations on DIAMONDBACK ENERGY, INC.
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Financials (USD)
Sales 2022 9 423 M - -
Net income 2022 4 352 M - -
Net Debt 2022 5 678 M - -
P/E ratio 2022 5,87x
Yield 2022 6,13%
Capitalization 26 431 M 26 431 M -
EV / Sales 2022 3,41x
EV / Sales 2023 3,51x
Nbr of Employees 870
Free-Float 99,5%
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Mean consensus BUY
Number of Analysts 30
Last Close Price 145,34 $
Average target price 177,37 $
Spread / Average Target 22,0%
EPS Revisions
Managers and Directors
Travis D. Stice Chairman & Chief Executive Officer
Matthew Kaes Van't Hof President & Chief Financial Officer
David L. Cannon Vice President-Geoscience
Greg Dolezal Vice President-Information Technology
Daniel N. Wesson Chief Operating Officer & Executive Vice President
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