A share price of Diamondback Energy Inc [FANG] is currently trading at $184.03, up 0.89%. 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 2.37% over the last week, with a monthly amount drifted -0.66%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, BMO Capital Markets upgraded its rating to Outperform on October 04, 2024, and elevated its price target to $215. On October 02, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $210 on the stock. In a note dated June 06, 2024, Bernstein initiated an Outperform rating and provided a target price of $243 on this stock.
Diamondback Energy Inc experienced fluctuations in its stock price throughout the past year between $142.17 and $212.93. Currently, Wall Street analysts expect the stock to reach $191.6 within the next 12 months. Diamondback Energy Inc [NASDAQ: FANG] shares were valued at $184.03 at the most recent close of the market. An investor can expect a potential return of 4.11% based on the average FANG price forecast.
Analyzing the FANG fundamentals
Trailing Twelve Months sales for Diamondback Energy Inc [NASDAQ:FANG] were 9.28B which represents 29.39% growth. 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 182.52 points at the first support level, and at 181.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 185.29, and for the 2nd resistance point, it is at 186.56.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Diamondback Energy Inc [NASDAQ:FANG] is 3.66. Also, the Quick Ratio is 3.64, while the Cash Ratio stands at 3.23. Considering the valuation of this stock, the price to sales ratio is 5.85, the price to book ratio is 1.88 and price to earnings (TTM) ratio is 9.51.
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.
