Diamondback Energy Announces Launch of Secondary Common Stock Offering
Diamondback Energy, Inc. (FANG)
Last diamondback energy, inc. earnings: 2/18 04:01 pm
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US:NASDAQ Investor Relations:
ir.diamondbackenergy.com
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Source: GlobeNewswire
MIDLAND, Texas, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) announced today the launch of an underwritten public offering of 11,270,000 shares of its common stock by certain Legacy Endeavor Stockholders (the “Selling Stockholders”), subject to market and other conditions (the “Secondary Offering”). Diamondback will not receive any proceeds from the sale of the shares by the Selling Stockholders. The Selling Stockholders have also granted the underwriters a 30-day option to purchase up to an additional 1,390,500 shares of common stock. In addition, Diamondback has authorized the purchase from the underwriters of 2,000,000 shares of common stock offered in the Secondary Offering (the “Share Repurchase”). The Share Repurchase is part of the Diamondback’s existing share repurchase program. Diamondback intends to fund the Share Repurchase from existing cash on hand. The underwriters will not receive any compensation for the shares being rep
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News
- Diamondback Energy Announces Pricing of Upsized Secondary Common Stock OfferingGlobeNewswire
- Diamondback Energy (FANG) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
- Diamondback Energy, Inc. (NASDAQ: FANG) had its price target lowered by analysts at UBS Group AG from $247.00 to $223.00. They now have a "buy" rating on the stock.MarketBeat
- Diamondback Energy, Inc. (NASDAQ: FANG) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $220.00 price target on the stock.MarketBeat
- Diamondback Energy, Inc. (NASDAQ: FANG) had its price target raised by analysts at Morgan Stanley from $185.00 to $198.00. They now have an "overweight" rating on the stock.MarketBeat
FANG
Earnings
- 8/5/24 - Beat
FANG
Sec Filings
- 9/19/24 - Form 424B7
- 9/19/24 - Form S-3ASR
- 9/19/24 - Form 8-K/A
- FANG's page on the SEC website