Diamondback Energy Inc. (FANG)

$ 139.09
   
  • Change Today:
    $-0.35
  • 52 Week High: $184.38
  • 52 Week Low: $124.53
  • Currency: US Dollars
  • Shares Issued: 290.98m
  • Volume: 1,541,224
  • Market Cap: $40,473m
  • RiskGrade: 332

Diamondback Energy to buy Endeavor in $26bn deal

By Michele Maatouk

Date: Monday 12 Feb 2024

LONDON (ShareCast) - (Sharecast News) - US oil and gas company Diamondback Energy said on Monday that it has agreed to buy rival Endeavor Energy Resources in a $26bn deal.
The consideration will consist of around 117.3m shares of Diamondback common stock and $8bn in cash.

Diamondback will own approximately 60.5% of the combined entity, while Endeavor's equity holders will own the rest.

Diamondback chairman and chief executive Travis Stice said: "This is a combination of two strong, established companies merging to create a 'must own' North American independent oil company. The combined company's inventory will have industry-leading depth and quality that will be converted into cash flow with the industry's lowest cost structure, creating a differentiated value proposition for our stockholders.

"This combination meets all the required criteria for a successful combination: sound industrial logic with tangible synergies, improved combined capital allocation and significant near and long-term financial accretion. With this combination, Diamondback not only gets bigger, it gets better."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

FANG Market Data

Currency US Dollars
Share Price $ 139.09
Change Today $ -0.35
% Change -0.25 %
52 Week High $184.38
52 Week Low $124.53
Volume 1,541,224
Shares Issued 290.98m
Market Cap $40,473m
RiskGrade 332

What The Brokers Say

Strong Buy 10
Buy 17
Neutral 3
Sell 0
Strong Sell 0
Total 30
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Trades for 17-Oct-2025

Time Volume / Share Price
15:59 253 @ $139.18
15:59 100 @ $139.16
15:59 103 @ $139.11
15:59 173 @ $139.10
15:59 100 @ $139.09

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