At the time of writing, Diamondback Energy Inc [FANG] stock is trading at $182.52, up 1.54%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FANG shares have gain 3.28% over the last week, with a monthly amount glided 16.31%, and seem to be holding up well over a long-time horizon.
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On 20, February 2024, Diamondback Energy Announces Executive Leadership Appointments and Promotions. In a post published today on Yahoo Finance, Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced a series of leadership appointments and promotions, effective immediately.
From an analyst’s perspective:
Diamondback Energy Inc [NASDAQ: FANG] stock has seen the most recent analyst activity on February 12, 2024, when BofA Securities upgraded its rating to a Neutral and also boosted its price target to $170 from $129. Previously, Citigroup downgraded its rating to Neutral on October 23, 2023, and elevated its price target to $170. On July 13, 2023, The Benchmark Company initiated with a Buy rating and assigned a price target of $154 on the stock. UBS started tracking the stock assigning a Buy rating and suggested a price target of $177 on April 19, 2023. Wells Fargo initiated its recommendation with a Overweight and recommended $181 as its price target on January 25, 2023. In a note dated December 05, 2022, Johnson Rice upgraded an Buy rating on this stock but restated the target price of $210.
For the past year, the stock price of Diamondback Energy Inc fluctuated between $117.09 and $183.96. Currently, Wall Street analysts expect the stock to reach $165.43 within the next 12 months. Diamondback Energy Inc [NASDAQ: FANG] shares were valued at $182.52 at the most recent close of the market. An investor can expect a potential drop of -9.36% based on the average FANG price forecast.
Analyzing the FANG fundamentals
According to Diamondback Energy Inc [NASDAQ:FANG], the company’s sales were 8.41B for trailing twelve months, which represents an 9.75% jump. Gross Profit Margin for this corporation currently stands at 0.67% with Operating Profit Margin at 0.39%, Pretax Profit Margin comes in at 0.51%, and Net Profit Margin reading is 0.38%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.2 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.41.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 180.68 points at the first support level, and at 178.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 183.67, and for the 2nd resistance point, it is at 184.83.
Diamondback Energy Inc [FANG] reported earnings per share of $4.74 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $4.66/share, meaning a difference of $0.08 and a surprise factor of 1.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $5.49 per share as compared to estimates of $5.01 per share, a difference of $0.48 representing a surprise of 9.60%.
Ratios To Look Out For
It is important to note that Diamondback Energy Inc [NASDAQ:FANG] has a current ratio of 0.77. Also, the Quick Ratio is 0.74, while the Cash Ratio stands at 0.28. Considering the valuation of this stock, the price to sales ratio is 3.87, the price to book ratio is 1.96 and price to earnings (TTM) ratio is 10.52.
Transactions by insiders
Recent insider trading involved Stice Travis D., Chief Executive Officer, that happened on Feb 15 when 30000.0 shares were sold. Chief Executive Officer, Stice Travis D. completed a deal on Jan 03 to sell 30000.0 shares. Meanwhile, President & CFO Van’t Hof Matthew Kaes sold 4000.0 shares on Dec 14.
