Benzinga
Published Nov 03, 2023 16:00
Updated Nov 03, 2023 17:10
Comparative Study: Diamondback Energy And Industry Competitors In Oil, Gas & Consumable Fuels Industry
Benzinga - by Benzinga Insights, Benzinga Staff Writer.
In the ever-changing and fiercely competitive business landscape, conducting thorough company analysis is crucial for investors and industry experts. In this article, we will undertake a comprehensive industry comparison, evaluating Diamondback Energy (NASDAQ:FANG) and its primary competitors in the Oil, Gas & Consumable Fuels industry. By closely examining key financial metrics, market position, and growth prospects, our aim is to provide valuable insights for investors and shed light on company's performance within the industry.
Diamondback Energy Background Diamondback Energy is an independent oil and gas producer in the United States. The company operates exclusively in the Permian Basin. At the end of 2022, the company reported net proven reserves of 2 billion barrels of oil equivalent. Net production averaged about 386,000 barrels per day in 2022, at a ratio of 58% oil, 21% natural gas liquids, and 21% natural gas.
Diamondback Energy Inc | 8.47 | 1.88 | 3.55 | 3.55% | $1.23 | $1.05 | -31.1% |
ConocoPhillips | 11.70 | 3.07 | 2.26 | 4.67% | $5.62 | $3.84 | -41.63% |
EOG Resources Inc | 8.67 | 2.85 | 3 | 6.01% | $2.89 | $4.09 | -36.84% |
Pioneer Natural Resources Co | 10.45 | 2.61 | 2.97 | 5.02% | $2.14 | $1.55 | -34.9% |
Hess Corp | 31.04 | 5.26 | 4.36 | 5.96% | $1.43 | $1.77 | 22.32% |
Devon Energy Corp | 6.46 | 2.75 | 1.80 | 6.25% | $1.63 | $1.05 | -38.61% |
Coterra Energy Inc | 7.07 | 1.67 | 2.81 | 1.64% | $0.68 | $0.8 | -53.93% |
EQT Corp | 6.08 | 1.28 | 3.01 | 0.62% | $0.47 | $-0.06 | -72.73% |
Marathon Oil Corp | 8.67 | 1.51 | 2.69 | 2.54% | $0.99 | $0.55 | -31.55% |
Ovintiv Inc | 3.75 | 1.44 | 1.05 | 3.9% | $0.94 | $1.33 | -32.63% |
APA Corp | 8.13 | 17.20 | 1.37 | 66.09% | $1.15 | $0.86 | -41.06% |
Chesapeake Energy Corp | 2.40 | 1.13 | 1.27 | 3.78% | $0.92 | $0.1 | -59.45% |
Antero Resources Corp | 11.07 | 1.33 | 1.91 | 0.26% | $0.26 | $0.15 | -56.22% |
Range Resources Corp | 6.78 | 2.61 | 2.93 | 1.43% | $0.18 | $0.14 | -63.57% |
Southwestern Energy Co | 1.48 | 1.25 | 0.72 | 3.63% | $0.59 | $0.46 | -69.33% |
Matador Resources Co | 8.99 | 2.06 | 2.84 | 7.47% | $0.52 | $0.37 | -8.16% |
Civitas Resources Inc | 6.32 | 1.43 | 2.06 | 2.74% | $0.42 | $0.25 | -42.63% |
Chord Energy Corp | 3.42 | 1.50 | 1.88 | 4.51% | $0.43 | $0.3 | 15.54% |
Murphy Oil Corp | 7.13 | 1.38 | 1.91 | 1.9% | $0.37 | $0.33 | -32.05% |
Permian Resources Corp | 10.14 | 1.58 | 1.96 | 2.29% | $0.42 | $0.3 | 31.89% |
SM Energy Co | 4.65 | 1.48 | 1.93 | 4.59% | $0.37 | $0.24 | -44.81% |
Magnolia Oil & Gas Corp | 8.51 | 2.60 | 3.49 | 5.59% | $0.21 | $0.2 | -42.17% |
Northern Oil & Gas Inc | 2.66 | 2.76 | 1.93 | 13.62% | $0.35 | $0.19 | -23.81% |
Average | 7.98 | 2.76 | 2.28 | 7.02% | $1.04 | $0.86 | -34.38% |
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.dividend-frequency { font-size: 12px; color: #6c757d; } Through a meticulous analysis of Diamondback Energy, we can observe the following trends:
The debt-to-equity (D/E) ratio assesses the extent to which a company relies on borrowed funds compared to its equity.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
When evaluating Diamondback Energy alongside its top 4 peers in terms of the Debt-to-Equity ratio, the following insights arise:
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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