Diamondback Energy Inc (NASDAQ:FANG) does about 1.78M shares in volume on a normal day but saw 1607087 shares change hands in Monday trading. The company now has a market cap of 36.71B USD. Its current market price is $205.86, marking a decrease of -0.91% compared to the previous close of $207.76. The 52 week high reached by this stock is $211.96 whilst the lowest price level in 52 weeks is $120.02.
Diamondback Energy Inc (FANG) has a 20-day trading average at $204.28 and the current price is -2.88% off the 52-week high compared with 71.52% distance from its 52-week low. The 50-day simple moving average of the closing price is $193.41 and its 200-day simple moving average is $163.70. If we look at the stock’s price movements over the week, volatility stands at 1.89%, which increases to 2.01% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 62.90 to suggest the stock is neutral.
The consensus objective for the share price is $220.69, suggesting that the stock has a potential upside of 6.72% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 10, 2024 when Barclays initiated the stock to “Equal Weight” and issued a price target of $214. BofA Securities upgraded the stock to “Neutral” from Underperform on February 12, 2024 at a price target of $129-$170. Citigroup downgraded its price target at $160-$170.
Diamondback Energy Inc (FANG) stock is up 1.62% over the week and 3.88% over the past month. Its price is 34.33% year-to-date and 53.36% over the past year.
To reach the target analysts have set, the stock logically needs to grow 6.72 percent from here.
The company has a return on investment of 13.41% and return on equity of 19.73%. The price to earnings ratio (P/E ratio) amounts to 11.86 while the forward price to earnings ratio is 9.77. The beta has a value of 1.90. Price to book ratio is 2.21 and price to sales ratio is 4.36.
