Current FANG Stock Info

Buys 25,500 acre-Ajax Resources
Diamondback Energy (ticker: FANG) announced second quarter results today, showing net income of $219 million, or $2.22 per share.

Diamondback produced 112.6 MBOEPD in Q2, up 10% sequentially and 46% year-over-year. The company is increasing production guidance slightly, and is now predicting overall 2018 output of around 117 MBOEPD.

The company also announced a major acquisition today, Diamondback’s largest since it purchased Brigham Resources in late 2016. Diamondback will acquire private equity-backed Aj...


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