Diamondback Energy Inc. (NASDAQ:FANG) went down by -5.62% from its latest closing price compared to the recent 1-year high of $88.75. The company’s stock price has collected -0.15% of loss in the last five trading sessions. Press Release reported on 05/03/21 that Diamondback Energy, Inc. Announces First Quarter 2021 Financial and Operating Results
Is It Worth Investing in Diamondback Energy Inc. (NASDAQ :FANG) Right Now?
Plus, the 36-month beta value for FANG is at 2.75. Opinions of the stock are interesting as 29 analysts out of 36 who provided ratings for Diamondback Energy Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 6 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $99.17, which is $17.8 above the current price. FANG currently public float of 156.67M and currently shorts hold a 2.72% ratio of that float. Today, the average trading volume of FANG was 2.77M shares.
FANG’s Market Performance
FANG stocks went down by -0.15% for the week, with a monthly jump of 5.04% and a quarterly performance of 35.58%, while its annual performance rate touched 86.27%. The volatility ratio for the week stands at 5.27% while the volatility levels for the past 30 days are set at 4.15% for Diamondback Energy Inc.. The simple moving average for the period of the last 20 days is 1.71% for FANG stocks with a simple moving average of 54.38% for the last 200 days.
Analysts’ Opinion of FANG
Many brokerage firms have already submitted their reports for FANG stocks, with Goldman repeating the rating for FANG by listing it as a “Buy.” The predicted price for FANG in the upcoming period, according to Goldman is $99 based on the research report published on April 20th of the current year 2021.
Scotiabank, on the other hand, stated in their research note that they expect to see FANG reach a price target of $86, previously predicting the price at $84. The rating they have provided for FANG stocks is “Sector Perform” according to the report published on April 15th, 2021.
Evercore ISI gave a rating of “Outperform” to FANG, setting the target price at $95 in the report published on April 07th of the current year.
FANG Trading at 2.70% from the 50-Day Moving Average
After a stumble in the market that brought FANG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.76% of loss for the given period.
Volatility was left at 4.15%, however, over the last 30 days, the volatility rate increased by 5.27%, as shares surge +4.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.79% upper at present.
During the last 5 trading sessions, FANG fell by -0.15%, which changed the moving average for the period of 200-days by +102.97% in comparison to the 20-day moving average, which settled at $78.06. In addition, Diamondback Energy Inc. saw 63.64% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at FANG starting from Stice Travis D., who sale 20,000 shares at the price of $85.00 back on Apr 29. After this action, Stice Travis D. now owns 497,823 shares of Diamondback Energy Inc., valued at $1,700,000 using the latest closing price.
Van’t Hof Matthew Kaes, the CFO & Exec. VP – Bus Dev of Diamondback Energy Inc., sale 1,900 shares at $77.24 during a trade that took place back on Mar 19, which means that Van’t Hof Matthew Kaes is holding 67,043 shares at $146,747 based on the most recent closing price.
Stock Fundamentals for FANG
Current profitability levels for the company are sitting at:
- +19.37 for the present operating margin
- +22.64 for the gross margin
The net margin for Diamondback Energy Inc. stands at -160.58. The total capital return value is set at 3.03, while invested capital returns managed to touch -27.34. Equity return is now at value -43.10, with -22.60 for asset returns.
Based on Diamondback Energy Inc. (FANG), the company’s capital structure generated 67.43 points at debt to equity in total, while total debt to capital is 40.27. Total debt to assets is 33.66, with long-term debt to equity ratio resting at 63.95. Finally, the long-term debt to capital ratio is 38.20.
When we switch over and look at the enterprise to sales, we see a ratio of 5.15, with the company’s debt to enterprise value settled at 0.41. The receivables turnover for the company is 5.25 and the total asset turnover is 0.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.49.