Noticias y eventos de Diamondback Energy Inc (FANG)FANGDiamondback Energy Inc

Diamondback Energy Discloses Q3 Financial Information

In a regulatory filing, Diamondback Energy disclosed certain information for the quarter ended September 30, regarding its realized prices, derivative activity and weighted average basic and diluted shares outstanding. Q3 average unhedged realized prices were $87.30 per barrel of oil, $1.12 per Mcf of natural gas and $20.02 per barrel of natural gas liquids, or NGLs. Q3 average realized hedged prices were $85.89 per barrel of oil, $0.90 per Mcf of natural gas and $20.02 per barrel of NGLs. For Q3, Diamondback anticipates a net loss on cash settlements for derivative instruments of $97M and a net non-cash loss on derivative instruments of $85M. For Q3, basic and diluted weighted average shares outstanding were both 279.96M.

Diamondback Energy Shares Down 7.7%

Diamondback Energy is down -7.7%, or -$16.23 to $195.30.

Roth Capital Upgrades Diamondback Energy to Buy

Roth Capital notes Diamondback Energy reported Q2 CFPS of approximately $11.45, which was 1% above consensus of $11.33 due to higher production. Q3 oil production guide was 0.6% below consensus but Q3 capital expenditure guide was 0.5% above consensus. The company is increasingly excited about its enhanced oil recovery program in the Permian and said that it has a GW+ size power opportunity in the Permian that is shovel ready, and it hopes to sign a long-term contract with a credible counterparty. The firm has a Buy rating on the stock as it believes "this pure-play Permian E&P is a low-cost producer with very low capital and operating costs, has high returns of capital and a reasonable balance sheet."