Diamondback Energy, Inc.
FANG
Rank in Stocks
#422
Diamondback Energy, Inc. operates as an independent enterprise focused on oil... Diamondback Energy, Inc. operates as an independent enterprise focused on oil and natural gas. Its core business involves the acquisition, development, exploration, and production of unconventional and onshore hydrocarbon reserves, predominantly located within the Permian Basin across West Texas and New Mexico. The company's development efforts primarily target significant geological formations, including the Spraberry and Wolfcamp in the Midland Basin, as well as the Wolfcamp and Bone Spring within the Delaware Basin – both crucial components of the broader Permian. As of December 31, 2021, Diamondback Energy's asset base included approximately 524,700 gross acres under its control in the Permian Basin. At that time, its estimated proved oil and natural gas reserves amounted to 1,788,991 thousand barrels of crude oil equivalent. The company also maintained working interests in 5,289 gross producing wells and held royalty interests in an additional 6,455 wells. Beyond its direct well operations, Diamondback Energy possesses mineral interests spanning roughly 930,871 gross acres and 27,027 net royalty acres across the Permian Basin and the Eagle Ford Shale. Furthermore, it manages a portfolio of midstream infrastructure, owning, operating, developing, and acquiring assets such as 866 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system within the Midland and Delaware Basins of the Permian. Established in 2007, Diamondback Energy, Inc. is headquartered in Midland, Texas.
Share Price
$203.29
Last synced: 2026-10-19
Market Cap
$56.93B
Change (1 day)
-0.32%
Change (1 year)
43.98%
Country
US
Trade Diamondback Energy, Inc. (FANG)
Category
Energy
P/E ratio for Diamondback Energy, Inc. (FANG)
P/E ratio as of October 2026 TTM: 38.58
According to Diamondback Energy, Inc. latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 38.58. At the end of 2023 the company had a P/E ratio of 8.88.
P/E ratio history for Diamondback Energy, Inc. from 2009 to 2026
P/E ratio at the end of each year
| Year | P/E Ratio | Change |
|---|---|---|
| 2026 (TTM) | 38.58 | 268.09% |
| 2024 | 10.48 | 18.01% |
| 2023 | 8.88 | 61.32% |
| 2022 | 5.51 | -36.94% |
| 2021 | 8.73 | -615.80% |
| 2020 | -1.69 | -102.68% |
| 2019 | 63.26 | 451.80% |
| 2018 | 11.46 | -55.09% |
| 2017 | 25.53 | -155.52% |
| 2016 | -45.97 | 500.44% |
| 2015 | -7.66 | -146.98% |
| 2014 | 16.30 | -59.96% |
| 2013 | 40.70 | -310.19% |
| 2012 | -19.36 | -98.85% |
| 2011 | -1.68K | -2,232.38% |
| 2010 | 78.64 | -134.63% |
| 2009 | -227.06 | 0.00% |
P/E ratio for similar companies or competitors
| Company | P/E Ratio | P/E Ratio Difference | Country |
|---|---|---|---|
| 18.83 | -51.19% |
US
|
|
| 7.14 | -81.49% |
HK
|
|
| - | - |
CA
|
|
| - | - |
US
|
|
| 11.93 | -69.06% |
US
|
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share.
A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.