Diamondback Energy moved 0.4% this afternoon session, trading between a high of $152.0 and a low of $150.25 per share. Yesterday the stock finished at $151.31 per share, compared to an average analyst target price of $173.63.
Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. The large-cap oil & gas production company is based in the United States, and over the last twelve months it has returned a dividend yield of 4.5%. Diamondback Energy has trailing twelve months earnings per share (EPS) of 19.28, which at today's prices amounts to a price to earnings (P/E) ratio of 7.9.
Based on its expected future earnings growth, the company has a price to earnings growth (PEG) ratio of -12.27. Usually a PEG ratio between 0 and 1 indicates a potentially undervalued company.
Snapshot of Diamondback Energy's Operating Margins:
| Date Reported | Total Revenue ($ k) | Operating Expenses ($ k) | Operating Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023-02-23 | 9,643,000 | -3,121,000 | 68 | 13.33 |
| 2022-02-24 | 6,797,000 | -2,718,000 | 60 | 215.79 |
| 2021-02-25 | 2,813,000 | -2,268,000 | 19 | -48.65 |
| 2020-02-27 | 3,964,000 | -2,388,000 | 37 | -22.92 |
| 2019-02-25 | 2,176,000 | -1,055,000 | 48 | -4.0 |
| 2018-02-15 | 1,205,000 | -589,000 | 50 |
Over the last 6 years, Diamondback Energy's operating margins have averaged 47.0%, which is better than the 35.55% Oil & Gas Drilling industry average. We also note that the company's operating margins have a high coefficient of variability at 36.9%. In addition, the firm's margins benefit from a 5.2% yearly growth rate.
