Diamondback Energy Inc [FANG] stock prices are up 0.90% to $210.94 at the moment. 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 4.22% over the last week, with a monthly amount glided 13.43%, 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.
The stock price of Diamondback Energy Inc [FANG] has been fluctuating between $130.28 and $212.10 over the past year. Currently, Wall Street analysts expect the stock to reach $179 within the next 12 months. Diamondback Energy Inc [NASDAQ: FANG] shares were valued at $210.94 at the most recent close of the market. An investor can expect a potential drop of -15.14% based on the average FANG price forecast.
Analyzing the FANG fundamentals
The Diamondback Energy Inc [NASDAQ:FANG] reported sales of 8.71B for trailing twelve months, representing a surge of 15.69%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.39.
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 208.69 points at the first support level, and at 206.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 213.84, and for the 2nd resistance point, it is at 216.75.
Ratios To Look Out For
It’s worth pointing out that Diamondback Energy Inc [NASDAQ:FANG]’s Current Ratio is 0.92. Also, the Quick Ratio is 0.89, while the Cash Ratio stands at 0.42. Considering the valuation of this stock, the price to sales ratio is 4.32, the price to book ratio is 2.22 and price to earnings (TTM) ratio is 11.89.
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.
