The Online Investor
OLI Premium
Retiree Portfolio
Stock Option Ideas
Preferred Stock List
ChartZero.com
ChartZero

Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sun., Feb. 7, 10:51 PM

Slide #24. Diamondback Energy, Inc. Secondary Offering

Company: Diamondback Energy, Inc. (NASDAQ:FANG)
Date announced: 1/13/2016
Shares Offered: 4,000,000
Date of Pricing: 1/13/2016
Price Per Share: $56.50
Secondary Offering Details: Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback" or the "Company") announced today the launch of an underwritten public offering of 2,250,000 shares of its common stock, subject to market and other conditions. The underwriter will have an option to purchase up to an additional 337,500 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 1/13- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback" or the "Company") announced today the pricing of an underwritten public offering of 4,000,000 shares of its common stock. The 4,000,000 share offering represents a 1,750,000 share upsize to the originally proposed 2,250,000 share offering. 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 $226 million. The underwriter has a 30 day option to purchase up to an additional 600,000 shares of common stock from Diamondback.

Diamondback Energy is a holding company. Together with its subsidiaries, Co. is an independent oil and natural gas company engaged in the acquisition, development, exploration and exploitation of 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 2014, Co.'s estimated proved oil and natural gas reserves were 112,832 thousand barrels of oil equivalent. As of Dec 31 2014, Co.'s estimated proved reserves were approximately 67.0% oil, 16.0% natural gas liquids and 17.0% natural gas.

FANG SEC Filing Email Alerts Service

Open the FANG Page at The Online Investor »

Company Name:  Diamondback Energy, Inc.
Website:  www.diamondbackenergy.com
Sector:  Oil & Gas Exploration & Production
Number of ETFs Holding FANG:  30
Total Market Value Held by ETFs:  $111.61M
Total Market Capitalization:  $5.00B
% of Market Cap. Held by ETFs:  2.23%
 

Open the FANG Page at The Online Investor (in a new window) »

February 7, 2016    10:51 PM Eastern
Quotes delayed 20 minutes



Strong Buy (3.76 out of 4)
77th percentile
(ranked higher than approx. 77% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Secondary Stock Offerings | www.TheOnlineInvestor.com | Copyright © 1998 - 2016, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.