Why Diamondback Energy's (NASDAQ:FANG) Healthy Earnings Aren't As Good As They Seem [Yahoo! Finance]
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: Yahoo! Finance
Check out our latest analysis for Diamondback Energy As finance nerds would already know, the accrual ratio from cashflow is a key measure for assessing how well a company's free cash flow (FCF) matches its profit. To get the accrual ratio we first subtract FCF from profit for a period, and then divide that number by the average operating assets for the period. You could think of the accrual ratio from cashflow as the 'non-FCF profit ratio'. Therefore, it's actually considered a good thing when a company has a negative accrual ratio, but a bad thing if its accrual ratio is positive. While having an accrual ratio above zero is of little concern, we do think it's worth noting when a company has a relatively high accrual ratio. To quote a 2014 paper by Lewellen and Resutek, "firms with higher accruals tend to be less profitable in the future". For the year to September 2024, Diamondback Energy had an accrual ratio of 0.24. We can therefore deduce that its free cash flow fell well
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FANG
News
- Diamondback Energy, Inc. (NASDAQ: FANG) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- “Drill, Baby, Drill” Is A Slogan, Not A Business Plan [Forbes]Forbes
- Beyond the Balance Sheet: What SWOT Reveals About Diamondback Energy Inc (FANG) [Yahoo! Finance]Yahoo! Finance
- Diamondback Energy, Inc. (NASDAQ: FANG) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $210.00 price target on the stock.MarketBeat
- Diamondback Energy Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
FANG
Earnings
- 11/4/24 - Miss
FANG
Sec Filings
- 11/14/24 - Form 4
- 11/13/24 - Form 144
- 11/12/24 - Form SC
- FANG's page on the SEC website