Diamondback Energy’s stock performance
In this part, we’ll discuss Diamondback Energy’s (FANG) stock performance in 2018. Diamondback Energy is the second-highest ranking upstream company with the highest forecast capex growth in fiscal 2018—compared to the levels in 2017.
In the above graph, you can see that Diamondback Energy stock has mainly been mirroring crude oil price movements.
On a YoY (year-over-year) basis, Diamondback Energy stock has increased 8.3%. Diamondback Energy stock has outperformed the Energy Select Sector SPDR ETF (XLE), which has declined 4.5% YoY. In comparison, the SPDR S&P 500 ETF (SPY) has risen 11% YoY.
Crude oil prices (DBO) have risen 19.5% YoY. Crude oil accounted for ~74% of Diamondback Energy’s fiscal 2017 production, while natural gas accounted for 16% of the total production. Natural gas prices (UGAZ) have fallen ~17% YoY.
Diamondback Energy is a Permian player. To learn how other Permian stocks have performed, read How Key Permian Stocks Have Performed Year-over-Year.
Check out all the data we have added to our quote pages. Now you can get a valuation snapshot, earnings and revenue estimates, and historical data as well as dividend info. Take a look!