| Diamondback Energy is an independent oil and natural gas company focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. Co.'s activities are primarily focused on horizontal development of the Spraberry and Wolfcamp formations of the Midland Basin and the Wolfcamp and Bone Spring formations of the Delaware Basin, both of which are part of the larger Permian Basin in West Texas and New Mexico. We show 37 historical shares outstanding datapoints in our FANG shares outstanding history coverage, used to compute FANG market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing FANG market cap history over the course of time is important for investors
interested in comparing FANG's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of FANG versus a peer is one thing; comparing
FANG market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like FANG can fluctuate over the course of history.
With this page we aim to empower investors researching FANG by allowing them to research the FANG market cap history.