Added to YB: 2024-02-14
Pitch date: 2024-02-12
FANG [bullish]
Diamondback Energy, Inc.
+0.59%
current return
Author Info
No bio for this author
Company Info
Diamondback Energy, Inc., an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas.
Market Cap
$42.6B
Pitch Price
$155.76
Price Target
N/A
Dividend
2.69%
EV/EBITDA
6.15
P/E
10.35
EV/Sales
4.46
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Diamondback Energy: Free Cash Flow Growth Accelerates Again
$FANG acquires Endeavor Energy in stock+cash deal w/ $8B debt. Boosts growth via efficient drilling, higher $0.90 div & 50% FCF returns post-$10B debt. Mgmt expertise, Midland acreage & 10% FCF upside outweigh commodity & merger risks for this resilient, undervalued name.
Read full article (4 min)