Diamondback Energy Inc [FANG] stock is trading at $181.90, up 3.00%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FANG shares have gain 1.55% over the last week, with a monthly amount drifted -1.14%, 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 [FANG] stock has fluctuated between $142.17 and $212.93 over the past year. 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 $181.90 at the most recent close of the market. An investor can expect a potential return of 5.33% based on the average FANG price forecast.
Analyzing the FANG fundamentals
Diamondback Energy Inc [NASDAQ:FANG] reported sales of 9.58B for the trailing twelve months, which represents a growth of 13.03%. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at 0.47%, Pretax Profit Margin comes in at 0.46%, and Net Profit Margin reading is 0.34%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.15 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.35.
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 178.45 points at the first support level, and at 175.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 184.50, and for the 2nd resistance point, it is at 187.10.
Ratios To Look Out For
For context, Diamondback Energy Inc’s Current Ratio is 0.45. As well, the Quick Ratio is 0.42, while the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 5.37, the price to book ratio is 1.42 and price to earnings (TTM) ratio is 10.42.
Transactions by insiders
Recent insider trading involved Plaumann Mark Lawrence, Director, that happened on Nov 13 ’24 when 1150.0 shares were sold. Director, Plaumann Mark Lawrence completed a deal on Nov 13 ’24 to sell 240.0 shares. Meanwhile, Director Plaumann Mark Lawrence bought 1390.0 shares on Nov 13 ’24.
