At the time of writing, Diamondback Energy Inc [FANG] stock is trading at $203.71, up 1.76%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FANG shares have gain 2.87% over the last week, with a monthly amount glided 3.23%, 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 June 06, 2024, when Bernstein initiated its Outperform rating and assigned the stock a price target of $243. Previously, Barclays started tracking the stock with Equal Weight rating on April 10, 2024, and set its price target to $214. On February 12, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $170 on the stock. Citigroup downgraded its rating to a Neutral and increased its price target to $170 on October 23, 2023. The Benchmark Company initiated its recommendation with a Buy and recommended $154 as its price target on July 13, 2023. UBS started tracking with a Buy rating for this stock on April 19, 2023, and assigned it a price target of $177. In a note dated January 25, 2023, Wells Fargo initiated an Overweight rating and provided a target price of $181 on this stock.
For the past year, the stock price of Diamondback Energy Inc fluctuated between $121.63 and $210.83. Currently, Wall Street analysts expect the stock to reach $179 within the next 12 months. Diamondback Energy Inc [NASDAQ: FANG] shares were valued at $203.71 at the most recent close of the market. An investor can expect a potential drop of -12.13% based on the average FANG price forecast.
Analyzing the FANG fundamentals
According to Diamondback Energy Inc [NASDAQ:FANG], the company’s sales were 8.71B for trailing twelve months, which represents an 15.69% jump. Gross Profit Margin for this corporation currently stands at 0.65% with Operating Profit Margin at 0.39%, Pretax Profit Margin comes in at 0.5%, and Net Profit Margin reading is 0.37%. 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 0.39.
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 200.86 points at the first support level, and at 198.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 205.47, and for the 2nd resistance point, it is at 207.24.
Ratios To Look Out For
It is important to note that Diamondback Energy Inc [NASDAQ:FANG] has a current ratio of 0.92. In addition, the Quick Ratio stands at 0.89 and the Cash Ratio stands at 0.42. Considering the valuation of this stock, the price to sales ratio is 4.17, the price to book ratio is 2.14 and price to earnings (TTM) ratio is 11.48.
Transactions by insiders
Recent insider trading involved Wesson Daniel N, Exec. VP & COO, that happened on Jun 10 ’24 when 4000.0 shares were sold. Exec. VP and Chief Engineer, Barkmann Albert completed a deal on Jun 10 ’24 to sell 1000.0 shares. Meanwhile, Exec. VP & COO Wesson Daniel N sold 6000.0 shares on May 28 ’24.
