A share price of Diamondback Energy Inc [FANG] is currently trading at $196.53, up 1.17%. An important factor to consider is whether the stock is rising or falling in short-term value. The FANG shares have gain 1.88% over the last week, with a monthly amount glided 11.76%, and seem to be holding up well over a long-time horizon.
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On 25, March 2024, Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Schedules First Quarter 2024 Conference Call for May 1, 2024. In a post published today on Yahoo Finance, Viper Energy, Inc. (NASDAQ: VNOM) (“Viper”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release first quarter 2024 financial results on April 30, 2024 after the market closes.
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.
Diamondback Energy Inc experienced fluctuations in its stock price throughout the past year between $120.02 and $198.12. Currently, Wall Street analysts expect the stock to reach $169.91 within the next 12 months. Diamondback Energy Inc [NASDAQ: FANG] shares were valued at $196.53 at the most recent close of the market. An investor can expect a potential drop of -13.55% based on the average FANG price forecast.
Analyzing the FANG fundamentals
Trailing Twelve Months sales for Diamondback Energy Inc [NASDAQ:FANG] were 8.41B which represents 9.75% growth. 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 194.47 points at the first support level, and at 192.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 197.58, and for the 2nd resistance point, it is at 198.62.
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
To put it in perspective, the Current Ratio for Diamondback Energy Inc [NASDAQ:FANG] is 0.77. On the other hand, the Quick Ratio is 0.74, and the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 4.17, the price to book ratio is 2.11 and price to earnings (TTM) ratio is 11.33.
Transactions by insiders
Recent insider trading involved Zmigrosky Matt, EVP, Chief Legal and Admin Off, that happened on Mar 21 ’24 when 5000.0 shares were sold. CAO, Exec. VP, Assist. Sec., Dick Teresa L. completed a deal on Mar 21 ’24 to sell 2000.0 shares. Meanwhile, President & CFO Van’t Hof Matthew Kaes sold 12000.0 shares on Mar 20 ’24.
