At the time of writing, Diamondback Energy Inc [FANG] stock is trading at $188.30, up 3.87%. 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 11.51% over the last week, with a monthly amount glided 2.18%, 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 October 02, 2024, when Barclays upgraded its rating to a Overweight and also revised its price target to $210 from $216. Wolfe Research started tracking the stock assigning a Peer Perform rating. Bernstein initiated its recommendation with a Outperform and recommended $243 as its price target on June 06, 2024. Barclays started tracking with a Equal Weight rating for this stock on April 10, 2024, and assigned it a price target of $214. In a note dated February 12, 2024, BofA Securities upgraded an Neutral rating on this stock and boosted its target price from $129 to $170.
For the past year, the stock price of Diamondback Energy Inc fluctuated between $137.39 and $212.93. Currently, Wall Street analysts expect the stock to reach $184.5 within the next 12 months. Diamondback Energy Inc [NASDAQ: FANG] shares were valued at $188.30 at the most recent close of the market. An investor can expect a potential drop of -2.02% based on the average FANG price forecast.
Analyzing the FANG fundamentals
According to Diamondback Energy Inc [NASDAQ:FANG], the company’s sales were 9.28B for trailing twelve months, which represents an 29.39% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.69.
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 183.18 points at the first support level, and at 178.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 191.12, and for the 2nd resistance point, it is at 193.94.
Ratios To Look Out For
It is important to note that Diamondback Energy Inc [NASDAQ:FANG] has a current ratio of 3.66. Further, the Quick Ratio stands at 3.64, while the Cash Ratio is 3.23. Considering the valuation of this stock, the price to sales ratio is 5.98, the price to book ratio is 1.93 and price to earnings (TTM) ratio is 9.73.
Transactions by insiders
Recent insider trading involved Greth Lyndal, 10% Owner, that happened on Sep 23 ’24 when 13.21 million shares were sold. CAO, Exec. VP, Assist. Sec., Dick Teresa L. completed a deal on Aug 09 ’24 to sell 5000.0 shares. Meanwhile, President & CFO Van’t Hof Matthew Kaes sold 50000.0 shares on Aug 08 ’24.
