Diamondback Energy Inc (NASDAQ:FANG) currently has a daily average trading volume of 1.83M but it saw 1248384 shares traded in last market. With a market cap of 37.14B USD, the company’s current market price of $208.26 came rising about 0.98 while comparing to the previous closing price of $206.23. In past 52 weeks, the stock remained buoying in the range of price level as high as $208.49 and as low as $120.02.
Taking a look at 20-day trading activity of Diamondback Energy Inc (FANG) gives us an average price of $198.23, while its current price level is -0.11% below from 52-week high level whereas it is 73.52% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $182.30 while that of 200 days or SMA-200 reads an average of $159.40. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.10% during that period while stretching the period over a month that decreases to 1.55%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 79.99 which implies that the stock is in overbought territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Barclays which initiated the stock as “Equal Weight” in its note to investors issued on April 10, 2024, recommending a price target of $214 for it. BofA Securities upgraded its recommendation for the stock as a “Neutral” from “Underperform” on February 12, 2024 while assigning a price target range of $129-$170. Citigroup issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $160 and $170.
Over the week, FANG’s stock price is moving 3.59% up while it is 12.87% when we observe its performance for the past one month. Year-to-date it is 35.89% up and over the past year, the stock is showing an upside performance of 47.55%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2023, when its quarterly earnings per share (EPS) of $4.74 beat the consensus estimate of $4.66 for the same. For FANG, analysts are forecasting an EPS-growth rate of 0.80% for current year and estimate for EPS growth in next year is 10.20%. In next quarter, company is expected to be making quarterly sales of $2.1 billion as analysts are expecting the sales for current fiscal year at $9.03 billion and seeing the company making $15.43 billion in sales next year. Moreover, analysts are in estimates of $2.06 billion for current-quarter revenue.
Currently, Diamondback Energy Inc’s total number of outstanding shares is 178.72M with 0.61% of that held by the insiders while 93.60% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 13.41% and return on equity (ROE) at 19.73%. It has a price to earnings ratio (P/E ratio) of 12.00 while having a 10.04 of forward P/E ratio. Stock’s beta reads 1.92. Stock has a price to book (P/B) ratio of 2.24 while price to sale or P/S ratio amounts to 4.42. Its return on asset (ROA) is 11.30% on average.
