Diamondback Energy Inc FANG shares are trading higher by 5.62% at $134.66 after the company reported better-than-expected first-quarter EPS results and raised its quarterly dividend.
Diamondback Energy reported quarterly earnings of $5.20 per share which beat the analyst consensus estimate of $4.51. This EPS figure represents a marked increase over earnings of $2.30 per share from the same period last year. Revenue was up $1.22 billion from the same period last year.
Diamondback Energy also declared a first-quarter dividend of $0.70/share, up from $0.60/share.
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Diamondback Energy is an independent oil and gas producer in the United States. The company operates exclusively in the Permian Basin.
According to data from Benzinga Pro, Diamondback Energy has a 52-week high of $147.99 and a 52-week low of $65.93.
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