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Dec 21, 2020

Diamondback Energy (FANG, $43.73) is acquiring 2 rivals for a combined $3.2 billion value

Hydrocarbon exploration company Diamondback Energy   announced that it is acquiring two of its competitors - QEP Resources   and Guidon – for a combined value of $3.2 billion.

Diamondback has  agreed to buy QEP in an all-stock  transaction valued at $2.2 billion, (including $1.6 billion of QEP’s debt). QEP shareholders will get 0.05 a share of Diamondback common stock per share of QEP they own. The deal would lead to tangible annual synergies of at least $60 - $80 million.

Diamondback agreed to acquire Guidon in a cash-stock deal, which includes 10.63 million shares of Diamondback common stock, and $375 million cash to be probably funded through a combination of cash on hand and the company’s credit facility. The deal would value Guidon at $862 million.

The pending QEP acquisition, combined  with the previously announced pending acquisition of assets from Guidon will bring Diamondback’s total leasehold interests to over 276,000 net surface acres in the Midland Basin (429,000 Midland and Delaware Basin net acres)

 

 

 

Related Ticker: FANG

FANG in +1.49% Uptrend, rising for three consecutive days on April 01, 2024

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where FANG advanced for three days, in of 332 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Aroon Indicator entered an Uptrend today. In of 297 cases where FANG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 18 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Moving Average Convergence Divergence Histogram (MACD) for FANG turned negative on March 26, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. FANG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 74, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.139) is normal, around the industry mean (4.838). P/E Ratio (11.502) is within average values for comparable stocks, (19.051). Projected Growth (PEG Ratio) (1.684) is also within normal values, averaging (5.261). Dividend Yield (0.041) settles around the average of (0.085) among similar stocks. P/S Ratio (4.305) is also within normal values, averaging (142.553).

Notable companies

The most notable companies in this group are ConocoPhillips (NYSE:COP), Canadian Natural Resources Limited (NYSE:CNQ), EOG Resources (NYSE:EOG), Pioneer Natural Resource Co (NYSE:PXD), Occidental Petroleum Corp (NYSE:OXY), Hess Corp (NYSE:HES), Diamondback Energy (NASDAQ:FANG), Devon Energy Corp (NYSE:DVN), EQT Corp (NYSE:EQT), Marathon Oil Corp (NYSE:MRO).

Industry description

The oil and gas production segment includes companies that specialize in exploration, development, and production of oil and natural gas. These companies are focused on upstream operations. Companies typically identify deposits, drill wells, and extract raw materials from underground. The industry also includes related services like rig operations, feasibility studies, machinery rentals etc. Several operators in this industry work with various types of contractors such as engineering procurement and construction contractors, as well as with joint-venture partners and oil field service companies. Oil and gas often involves large fixed costs of production; so, declining crude oil prices, for example, is a potential negative for this industry. Conoco Phillips, EOG Resources, Inc. and Pioneer Natural Resources Company are some examples of companies operating in this space.

Market Cap

The average market capitalization across the Oil & Gas Production Industry is 4.12B. The market cap for tickers in the group ranges from 3.28K to 151.38B. COP holds the highest valuation in this group at 151.38B. The lowest valued company is PSTRQ at 3.28K.

High and low price notable news

The average weekly price growth across all stocks in the Oil & Gas Production Industry was 2%. For the same Industry, the average monthly price growth was 5%, and the average quarterly price growth was 8%. ZPHRF experienced the highest price growth at 94%, while EGYF experienced the biggest fall at -30%.

Volume

The average weekly volume growth across all stocks in the Oil & Gas Production Industry was 19%. For the same stocks of the Industry, the average monthly volume growth was 4% and the average quarterly volume growth was 5%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 53
P/E Growth Rating: 60
Price Growth Rating: 49
SMR Rating: 66
Profit Risk Rating: 74
Seasonality Score: 6 (-100 ... +100)
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A.I.Advisor
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A.I. Advisor
published General Information

General Information

a company which develops, explores & exploits unconventional, onshore oil and natural gas reserves

Industry OilGasProduction

Profile
Fundamentals
Details
Industry
Oil And Gas Production
Address
500 West Texas Avenue
Phone
+1 432 221-7400
Employees
1023
Web
https://www.diamondbackenergy.com
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