Diamondback Energy Inc [FANG] stock is trading at $160.98, up 1.67%. 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 3.90% over the last week, with a monthly amount drifted -8.63%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
On October 04, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $215 on the stock. Barclays upgraded its rating to a Overweight and decreased its price target to $210 on October 02, 2024. In a note dated July 18, 2024, Wolfe Research initiated an Peer Perform rating.
Diamondback Energy Inc [FANG] stock has fluctuated between $144.34 and $212.93 over the past year. Currently, Wall Street analysts expect the stock to reach $221.82 within the next 12 months. Diamondback Energy Inc [NASDAQ: FANG] shares were valued at $160.98 at the most recent close of the market. An investor can expect a potential return of 37.79% 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 0.44%, 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.35.
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 158.24 points at the first support level, and at 155.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 162.83, and for the 2nd resistance point, it is at 164.68.
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 4.91, the price to book ratio is 1.26 and price to earnings (TTM) ratio is 9.22.
Transactions by insiders
Recent insider trading involved WEST STEVEN E, Director, that happened on Dec 16 ’24 when 6000.0 shares were purchased. President & CFO, Van’t Hof Matthew Kaes completed a deal on Dec 13 ’24 to sell 4000.0 shares. Meanwhile, Officer Van’t Hof Matthew Kaes bought 4000.0 shares on Dec 13 ’24.
