|Bid||0.00 x 1400|
|Ask||56.25 x 800|
|Day's range||42.80 - 46.12|
|52-week range||14.55 - 111.84|
|Beta (5Y monthly)||2.25|
|PE ratio (TTM)||N/A|
|Earnings date||04 Aug 2020 - 10 Aug 2020|
|Forward dividend & yield||1.50 (3.49%)|
|Ex-dividend date||13 May 2020|
|1y target est||53.05|
As of the Expiration Time, $208,687,000 aggregate principal amount of the Notes (52.17%) were validly tendered, which excludes $385,000 aggregate principal amount of the Notes that remain subject to guaranteed delivery procedures. Energen expects to accept for payment all Notes validly tendered and not validly withdrawn in the tender offer and expects to make payment for the Notes on May 26, 2020.
The herd trade has seized oil as hedge funds pile into the market to try and gain from its upside momentum, even without a fresh driver for prices. A day after rallying 5% on positive crude stockpiles data that was offset by a surprise rise in gasoline inventories, U.S. crude’s West Texas Intermediate benchmark was up again, this time without a new catalyst. Brent, the London-traded global benchmark for oil, rose 16 cents, or 0.5%, at $35.91.
Diamondback intends to use the net proceeds from the offering (i) to make an equity contribution to Energen Corporation, Diamondback’s wholly-owned subsidiary (“Energen”), which Energen plans to use to purchase its 4.625% Senior Notes due 2021 (the “4.625% Energen Notes”) that are tendered pursuant to a tender offer by Energen for all of the outstanding 4.625% Energen Notes (the “Tender Offer”) and to pay the premium therefor and accrued and unpaid interest thereon and to pay fees and expenses of the Tender Offer, (ii) to repay a portion of the outstanding borrowings under the revolving credit facility of Diamondback O&G LLC, Diamondback’s wholly-owned subsidiary, and (iii) for general corporate purposes. The offering is expected to close on May 26, 2020, subject to customary closing conditions.
As of May 15, 2020, Energen had $400 million aggregate principal amount of the notes outstanding. The tender offer is being made pursuant to an offer to purchase and a related letter of transmittal, each dated as of May 18, 2020, and a notice of guaranteed delivery.
Missed the slew of shale oil earnings? Here's a quick run-through of how some of the bigwigs fared in their first-quarter earnings reports.
Shares of hard-hit oil and gas exploration and production companies (E&Ps) Callon Petroleum (NYSE: CPE), Diamondback Energy (NASDAQ: FANG), and EOG Resources (NYSE: EOG) soared in April, according to data provided by S&P Global Market Intelligence. EOG's shares were up 32.3%, Diamondback's shares jumped 66.2%, and Callon's shares rocketed up 71.5% during the month. Year to date, EOG shares are down 38.3%, Diamondback's shares are down 54.4%, and Callon's stock has fallen a jaw-dropping 83.3%.
MIDLAND, Texas, May 06, 2020 -- Rattler Midstream LP (NASDAQ: RTLR) (“Rattler” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today.
Image source: The Motley Fool. Diamondback Energy Inc (NASDAQ: FANG)Q1 2020 Earnings CallMay 5, 2020, 10:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood day, ladies and gentlemen, and welcome to the Diamondback Energy First Quarter 2020 Earnings Conference Call.
Diamondback's (FANG) capex for Q1 adds up to $790 million. The company coughs up $672 million on drilling and completion activity and spends another $18 million on non-operated properties.
Diamondback (FANG) delivered earnings and revenue surprises of 9.85% and -5.80%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
MIDLAND, Texas, May 04, 2020 -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the first quarter.
Diamondback (FANG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors need to pay close attention to Diamondback Energy (FANG) stock based on the movements in the options market lately.
MIDLAND, Texas, April 16, 2020 -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it has revised its first quarter 2020 conference call time..
MIDLAND, Texas, April 15, 2020 -- Rattler Midstream LP (NASDAQ: RTLR) (“Rattler”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that.
MIDLAND, Texas, April 15, 2020 -- Viper Energy Partners LP (NASDAQ: VNOM) (“Viper”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced.
MIDLAND, Texas, April 15, 2020 -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release first quarter 2020 financial results on May.
The Zacks Analyst Blog Highlights: ExxonMobil, Diamondback Energy, Concho Resources, Occidental and Whiting Petroleum
Stephanie Mains has over 30 years of experience across diverse industrial segments, including aviation, energy and transportation. Most recently, she served as President and CEO of ABB Electrification Products Industrial Solutions, a $2.7 billion leading provider of advanced technologies to protect, control and optimize assets within electrical infrastructures for a number of industrial, commercial and residential applications around the world.