Diamondback Energy Inc [FANG] stock prices are up 2.35% to $185.25 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The FANG shares have gain 5.97% over the last week, with a monthly amount drifted -3.38%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On June 06, 2024, Bernstein initiated with a Outperform rating and assigned a price target of $243 on the stock. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $214 on April 10, 2024. BofA Securities upgraded its rating to a Neutral and raised its price target to $170 on February 12, 2024. Citigroup downgraded its rating to Neutral for this stock on October 23, 2023, and upped its price target to $170. In a note dated July 13, 2023, The Benchmark Company initiated an Buy rating and provided a target price of $154 on this stock.
The stock price of Diamondback Energy Inc [FANG] has been fluctuating between $137.39 and $212.93 over the past year. Currently, Wall Street analysts expect the stock to reach $182.96 within the next 12 months. Diamondback Energy Inc [NASDAQ: FANG] shares were valued at $185.25 at the most recent close of the market. An investor can expect a potential drop of -1.24% based on the average FANG price forecast.
Analyzing the FANG fundamentals
The Diamondback Energy Inc [NASDAQ:FANG] reported sales of 9.28B for trailing twelve months, representing a surge of 29.39%. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at 0.38%, 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 0.1, Equity is 0.21 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.69.
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 182.53 points at the first support level, and at 179.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 187.08, and for the 2nd resistance point, it is at 188.91.
Ratios To Look Out For
It’s worth pointing out that Diamondback Energy Inc [NASDAQ:FANG]’s Current Ratio is 3.66. On the other hand, the Quick Ratio is 3.64, and the Cash Ratio is 3.23. Considering the valuation of this stock, the price to sales ratio is 5.90, the price to book ratio is 1.89 and price to earnings (TTM) ratio is 9.58.
Transactions by insiders
Recent insider trading involved Dick Teresa L., CAO, Exec. VP, Assist. Sec., that happened on Aug 09 ’24 when 5000.0 shares were sold. President & CFO, Van’t Hof Matthew Kaes completed a deal on Aug 08 ’24 to sell 50000.0 shares. Meanwhile, Officer Dick Teresa L. bought 5000.0 shares on Aug 09 ’24.
