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Stock impact report

Fracker Liberty's Profit Falls to 3-Year Low as Oil Slumps [Yahoo! Finance Canada]

Diamondback Energy, Inc. - Commmon Stock (FANG) 
Last diamondback energy, inc. - commmon stock earnings: 2/18 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.diamondbackenergy.com
Most Read from Bloomberg Adjusted first-quarter profit fell to 4 cents a share, according to a statement Wednesday, matching the average estimate among analysts. Sales and capital spending both came in better than expected, prompting the shares to rise 5.9% at 6:34 p.m. in New York. Current levels of fracking activity suggest US oil output will hold steady, “mitigating the possibility of steep declines experienced by the service industry in past cycles,” the company said. Meanwhile, major shale driller Diamondback Energy Inc. said Wednesday that it's “actively reviewing its operating plan” for the rest of the year given market volatility, according to a separate statement. “While the current tumult in commodity prices is not immediately driving changes in North American activity, we expect oil producers are evaluating a range of scenarios in anticipation of oil price pressure,” Diamondback said. Liberty's broad footprint across North American shale provides it a unique scope Show less Read more
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