FANG
Price:
$185.29
Market Cap:
$54.10B
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. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico. As of December 31, 2021, the company's total acreage position was approximately 524,700 gross acres in the Permian Basin; and estimated proved oil and natural gas reserves were 1,788,991 thousand barrels of crude oil equivalent. It also h...[Read more]
Industry
Oil & Gas Exploration & Production
IPO Date
2012-10-12
Stock Exchange
NASDAQ
Ticker
FANG
According to Diamondback Energy, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.45. This represents a change of -68.77% compared to the average of 1.45 of the last 4 quarters.
The mean historical Current Ratio of Diamondback Energy, Inc. over the last ten years is 1.56. The current 0.45 Current Ratio has changed 2.81% with respect to the historical average. Over the past ten years (40 quarters), FANG's Current Ratio was at its highest in in the December 2016 quarter at 8.56. The Current Ratio was at its lowest in in the June 2023 quarter at 0.43.
Average
1.56
Median
0.79
Minimum
0.49
Maximum
8.56
Discovering the peaks and valleys of Diamondback Energy, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 1.01%
Maximum Annual Current Ratio = 8.56
Minimum Annual Increase = -92.75%
Minimum Annual Current Ratio = 0.49
Year | Current Ratio | Change |
---|---|---|
2023 | 0.77 | -5.20% |
2022 | 0.81 | -19.33% |
2021 | 1.01 | 106.46% |
2020 | 0.49 | -29.21% |
2019 | 0.69 | -24.16% |
2018 | 0.91 | 46.08% |
2017 | 0.62 | -92.75% |
2016 | 8.56 | 1.01% |
2015 | 0.77 | -18.52% |
2014 | 0.94 | 84.76% |
The current Current Ratio of Diamondback Energy, Inc. (FANG) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
0.86
5-year avg
0.75
10-year avg
1.56
Diamondback Energy, Inc.’s Current Ratio is less than Devon Energy Corporation (1.11), less than Coterra Energy Inc. (1.61), less than EOG Resources, Inc. (2.76), less than ConocoPhillips (1.30), greater than Antero Resources Corporation (0.28), greater than Callon Petroleum Company (0.39), less than Earthstone Energy, Inc. (0.47), less than Vital Energy, Inc. (0.67), less than Pioneer Natural Resources Company (0.90), less than Occidental Petroleum Corporation (1.00), less than APA Corporation (0.59), less than Hess Corporation (1.26), less than EQT Corporation (0.51),
Company | Current Ratio | Market cap |
---|---|---|
1.11 | $25.91B | |
1.61 | $20.35B | |
2.76 | $76.69B | |
1.30 | $128.61B | |
0.28 | $10.30B | |
0.39 | $2.38B | |
0.47 | $2.98B | |
0.67 | $1.25B | |
0.90 | $63.00B | |
1.00 | $48.73B | |
0.59 | $8.42B | |
1.26 | $45.80B | |
0.51 | $27.40B |
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What is the Current Ratio?
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What is the 5-year average Current Ratio for Diamondback Energy, Inc. (FANG)?
How does the current Current Ratio for Diamondback Energy, Inc. (FANG) compare to its historical average?