Diamondback Energy Inc [FANG] stock prices are up 2.51% to $199.50 at the moment. 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 15.72% over the last week, with a monthly amount glided 11.00%, 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 04, 2024, when BMO Capital Markets upgraded its rating to a Outperform and also boosted its price target to $215 from $205. Previously, Barclays upgraded its rating to Overweight on October 02, 2024, and dropped its price target to $210. Wolfe Research initiated its recommendation with a Peer Perform. Bernstein started tracking with a Outperform rating for this stock on June 06, 2024, and assigned it a price target of $243. In a note dated April 10, 2024, Barclays initiated an Equal Weight rating and provided a target price of $214 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 $189.5 within the next 12 months. Diamondback Energy Inc [NASDAQ: FANG] shares were valued at $199.50 at the most recent close of the market. An investor can expect a potential drop of -5.01% 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 196.18 points at the first support level, and at 192.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 201.65, and for the 2nd resistance point, it is at 203.79.
Ratios To Look Out For
It’s worth pointing out that Diamondback Energy Inc [NASDAQ:FANG]’s Current Ratio is 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 6.34, the price to book ratio is 2.04 and price to earnings (TTM) ratio is 10.31.
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.
