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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., Jan. 31, 2:10 PM

Slide #21. Diamondback Energy, Inc. Secondary Offering

Company: Diamondback Energy, Inc. (NASDAQ:FANG)
Date announced: 1/21/2015
Shares Offered: 1,500,000
Date of Pricing: 1/21/2015
Price Per Share: $60.57
Secondary Offering Details: Diamondback Energy, Inc. (Nasdaq:FANG) ("Diamondback" or the "Company") announced today the launch of an underwritten public offering of 1,500,000 shares of its common stock, subject to market and other conditions. The underwriter will have an option to purchase up to an additional 225,000 shares of common stock from Diamondback. All of the shares to be sold in this offering will be sold by Diamondback. The underwriter intends to offer the shares from time to time for sale in one or more transactions on the NASDAQ Global Select Market, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. - updated 1/21 - Diamondback Energy, Inc. (Nasdaq:FANG) ("Diamondback" or the "Company") announced today the pricing of an underwritten public offering of 1,750,000 shares of its common stock. The underwriter intends to offer the shares from time to time for sale in one or more transactions on the NASDAQ Global Select Market, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. The total gross proceeds of the offering (before underwriter's discounts and commissions and estimated offering expenses) will be approximately $106 million. The underwriter has an option to purchase up to an additional 262,500 shares of common stock from Diamondback.

Diamondback Energy is a holding company. Co. 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 the Clearfork, Spraberry, Wolfcamp, Cline, Strawn and Atoka formations. As of Dec 31 2013, Co.'s estimated proved oil and natural gas reserves were 63,586 thousand barrels of crude oil equivalent. As of the same date, these proved reserves were approximately 67.0% oil, 17.0% natural gas liquids and 16.0% natural gas. Of these reserves, approximately 45.0% are classified as proved developed producing.
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Company Name:  Diamondback Energy, Inc.
Website:  www.diamondbackenergy.com
Sector:  Oil & Gas Exploration & Production
Number of ETFs Holding FANG:  28
Total Market Value Held by ETFs:  $135.46M
Total Market Capitalization:  $3.91B
% of Market Cap. Held by ETFs:  3.46%
 

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January 31, 2015    2:10 PM Eastern
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Strong Buy (3.86 out of 4)
84th percentile
(ranked higher than approx. 84% of all stocks covered)
Based on Zacks ABR data;
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