Diamondback Energy Inc. [FANG] shares are down more than -63.29% this year and recently decreased -0.01% or -$0.34 to settle at $30.29. Analysts expect FANG to grow earnings at a 13.45% annual rate over the next 5 years. FANG has a short ratio of 3.38. This implies that the market is currently less bearish on the outlook for FANG.

On 13, October 2020, Diamondback Energy, Inc. Provides Third Quarter Update. According to news published on Yahoo Finance, Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today provided an operational update for the third quarter of 2020.

Analyst Birdseye View:

The most recent analyst activity for Diamondback Energy Inc. [NASDAQ:FANG] stock was on July 27, 2020, when it was Initiated with a Buy rating from Seaport Global Securities, which also raised its 12-month price target on the stock to $50. Before that, on August 05, 2020, Credit Suisse Recapitulated an Outperform rating and elevated its amount target to $57. On July 21, 2020, Piper Sandler Upgrade an Overweight rating and boosted its price target on this stock from $40 to $58. On July 16, 2020, Imperial Capital Reiterated an Outperform rating and decreased its price target from $70 to $55. On June 29, 2020, BMO Capital Markets Downgrade a Market perform rating and increased its price target to $45. On June 25, 2020, SunTrust Upgrade a Buy rating and boosted its amount on this stock to $52. On June 22, 2020, Goldman Downgrade a Neutral rating and boosted its target amount on this stock from $49.50 to $50.50. On April 28, 2020, ROTH Capital Resumed a Buy rating and improved its amount target to $49.

In the past 52 weeks of trading, this stock has oscillated between a low of $14.55 and a peak of $96.92. Right now, according to Wall Street analyst the average 12-month amount target is $56.49. At the most recent market close, shares of Diamondback Energy Inc. [NASDAQ:FANG] were valued at $30.29.

FUNDAMENTAL ANALYSIS

Diamondback Energy Inc. [NASDAQ:FANG] most recently reported quarterly sales of 425.0 million, which represented growth of -58.40%. This publicly-traded organization’s revenue is $5,567,416 per employee, while its income is $337,079 per employee. This company’s Gross Margin is currently 72.10%, its Pretax Margin is +9.13, and its Net Margin is +6.05. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 1.06, 1.78, 7.63 and 1.30 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 28.90 and the whole liability to whole assets at 22.89. It shows enduring liability to the whole principal at 28.86 and enduring liability to assets at 0.23 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 29.68 points at 1st support level, the second support level is making up to 28.74. But as of 1st resistance point, this stock is sitting at 31.10 and at 31.58 for 2nd resistance point.

Diamondback Energy Inc. [FANG] reported its earnings at $0.15 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.02/share signifying the difference of 0.13 and 650.00% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $1.45 calling estimates for $1.29/share with the difference of 0.16 depicting the surprise of 12.40%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Diamondback Energy Inc. [NASDAQ:FANG] is 0.60. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.14. Now if looking for a valuation of this stock’s amount to sales ratio it’s 3.84 and it’s amount to book ratio is 1.11.

Insider Stories

The most recent insider trade was by Van’t Hof Matthew Kaes, CFO & Exec. VP – Bus Dev, and it was the purchase of 1800.0 shares on Jun 19. Van’t Hof Matthew Kaes, the CFO & Exec. VP – Bus Dev, completed a purchase of 4750.0 shares on Mar 19. On Mar 10, Stice Travis D., Chief Executive Officer, completed a purchase of 17146.0 shares.