Diamondback Energy Inc [FANG] stock is trading at $207.10, up 0.91%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The FANG shares have gain 3.76% over the last week, with a monthly amount glided 6.62%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Diamondback Energy Inc [NASDAQ: FANG] stock has seen the most recent analyst activity on April 10, 2024, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $214. Previously, BofA Securities upgraded its rating to Neutral on February 12, 2024, and elevated its price target to $170. On October 23, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $170 on the stock. The Benchmark Company started tracking the stock assigning a Buy rating and suggested a price target of $154 on July 13, 2023. UBS initiated its recommendation with a Buy and recommended $177 as its price target on April 19, 2023. Wells Fargo started tracking with a Overweight rating for this stock on January 25, 2023, and assigned it a price target of $181.
Diamondback Energy Inc [FANG] stock has fluctuated between $120.02 and $211.96 over the past year. Currently, Wall Street analysts expect the stock to reach $173.74 within the next 12 months. Diamondback Energy Inc [NASDAQ: FANG] shares were valued at $207.10 at the most recent close of the market. An investor can expect a potential drop of -16.11% based on the average FANG price forecast.
Analyzing the FANG fundamentals
Diamondback Energy Inc [NASDAQ:FANG] reported sales of 8.41B for the trailing twelve months, which represents a growth of 9.75%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.41.
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 204.47 points at the first support level, and at 201.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 208.70, and for the 2nd resistance point, it is at 210.29.
Diamondback Energy Inc [FANG] reported earnings per share of $4.74 for its fiscal quarter that ended on 12/31/2023. 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 9/30/2023 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
For context, Diamondback Energy Inc’s Current Ratio is 0.77. Further, the Quick Ratio stands at 0.74, while the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 4.39, the price to book ratio is 2.23 and price to earnings (TTM) ratio is 11.94.
Transactions by insiders
Recent insider trading involved Stice Travis D., Chief Executive Officer, that happened on Apr 02 ’24 when 30000.0 shares were sold. EVP, Chief Legal and Admin Off, Zmigrosky Matt completed a deal on Mar 21 ’24 to sell 5000.0 shares. Meanwhile, CAO, Exec. VP, Assist. Sec. Dick Teresa L. sold 2000.0 shares on Mar 21 ’24.
