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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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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News
- Investors should 'expect more' energy deals in 2025: Portfolio mgr. [Yahoo! Finance]Yahoo! Finance
- Investors should 'expect more' energy deals in 2025: Portfolio mgr. [Yahoo! Finance Canada]Yahoo! Finance Canada
- Why Diamondback Energy (FANG) Is Among the Best Dividend Leaders to Buy According to Wall Street Analysts? [Yahoo! Finance]Yahoo! Finance
- Verde Clean Fuels, Inc. Announces $50 Million Equity Investment by Cottonmouth Ventures, LLC, a Wholly-Owned Subsidiary of Diamondback Energy, Inc. [Yahoo! Finance]Yahoo! Finance
- Diamondback Energy, Inc. (NASDAQ: FANG) had its price target lowered by analysts at Piper Sandler from $252.00 to $232.00. They now have an "overweight" rating on the stock.MarketBeat
FANG
Earnings
- 11/4/24 - Miss
FANG
Sec Filings
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- 12/13/24 - Form 144
- FANG's page on the SEC website