The stock of Diamondback Energy Inc (FANG) has seen a 3.68% increase in the past week, with a -1.12% drop in the past month, and a 35.78% flourish in the past quarter. The volatility ratio for the week is 1.75%, and the volatility levels for the past 30 days are at 2.23% for FANG. The simple moving average for the past 20 days is -0.10% for FANG’s stock, with a 24.54% simple moving average for the past 200 days.
Is It Worth Investing in Diamondback Energy Inc (NASDAQ: FANG) Right Now?
The price-to-earnings ratio for Diamondback Energy Inc (NASDAQ: FANG) is above average at 11.45x, Company’s 36-month beta value is 1.91.Analysts have differing opinions on the stock, with 19 analysts rating it as a “buy,” 9 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for FANG is 177.37M, and currently, short sellers hold a 2.99% ratio of that floaft. The average trading volume of FANG on May 09, 2024 was 1.78M shares.
FANG) stock’s latest price update
The stock price of Diamondback Energy Inc (NASDAQ: FANG) has plunged by -0.23 when compared to previous closing price of 203.68, but the company has seen a 3.68% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-08 that For 2024, Diamondback Energy (FANG) continues to maintain a capital spending budget between $2.30 billion and $2.55 billion and looks to pump around 458,000-466,000 BOE/d of hydrocarbon.
Analysts’ Opinion of FANG
Many brokerage firms have already submitted their reports for FANG stocks, with Barclays repeating the rating for FANG by listing it as a “Equal Weight.” The predicted price for FANG in the upcoming period, according to Barclays is $214 based on the research report published on April 10, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see FANG reach a price target of $170, previously predicting the price at $129. The rating they have provided for FANG stocks is “Neutral” according to the report published on February 12th, 2024.
Citigroup gave a rating of “Neutral” to FANG, setting the target price at $170 in the report published on October 23rd of the previous year.
FANG Trading at 3.70% 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 -4.12% of loss for the given period.
Volatility was left at 2.23%, however, over the last 30 days, the volatility rate increased by 1.75%, as shares sank -1.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.20% upper at present.
During the last 5 trading sessions, FANG rose by +3.68%, which changed the moving average for the period of 200-days by +40.69% in comparison to the 20-day moving average, which settled at $203.28. In addition, Diamondback Energy Inc saw 32.60% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FANG starting from Thompson Jere W III, who sale 900 shares at the price of $199.90 back on May 03 ’24. After this action, Thompson Jere W III now owns 7,585 shares of Diamondback Energy Inc, valued at $179,910 using the latest closing price.
Stice Travis D., the Chief Executive Officer of Diamondback Energy Inc, sale 30,000 shares at $200.00 during a trade that took place back on Apr 02 ’24, which means that Stice Travis D. is holding 446,610 shares at $6,000,060 based on the most recent closing price.
Stock Fundamentals for FANG
Current profitability levels for the company are sitting at:
- 0.38 for the present operating margin
- 0.71 for the gross margin
The net margin for Diamondback Energy Inc stands at 0.37. The total capital return value is set at 0.12. Equity return is now at value 19.60, with 11.09 for asset returns.
Based on Diamondback Energy Inc (FANG), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.86. The debt to equity ratio resting at 0.4. The interest coverage ratio of the stock is 3303.0.
Currently, EBITDA for the company is 6.39 billion with net debt to EBITDA at 0.94. When we switch over and look at the enterprise to sales, we see a ratio of 4.86. The receivables turnover for the company is 9.2for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.92.
Conclusion
In a nutshell, Diamondback Energy Inc (FANG) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
