The stock of Diamondback Energy Inc (NASDAQ: FANG) has decreased by -3.09 when compared to last closing price of 204.68. Despite this, the company has experienced a -5.12% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-07-21 that Goldman Sachs expects peak oil demand to be another decade away. Diamondback Energy’s strategic growth in the Permian Basin positions it as a top producer with significant growth opportunities. FANG’s efficient operations, cost-saving measures, and attractive cash return strategy make it a compelling investment in the current oil price environment.
Is It Worth Investing in Diamondback Energy Inc (NASDAQ: FANG) Right Now?
Diamondback Energy Inc (NASDAQ: FANG) has a price-to-earnings ratio that is above its average at 11.18x. The stock has a 36-month beta value of 1.90. Opinions on the stock are mixed, with 19 analysts rating it as a “buy,” 9 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for FANG is 177.43M, and at present, short sellers hold a 3.35% of that float. On July 24, 2024, the average trading volume of FANG was 1.38M shares.
FANG’s Market Performance
The stock of Diamondback Energy Inc (FANG) has seen a -5.12% decrease in the past week, with a 3.92% rise in the past month, and a -1.56% fall in the past quarter. The volatility ratio for the week is 2.44%, and the volatility levels for the past 30 days are at 2.24% for FANG. The simple moving average for the last 20 days is -2.81% for FANG stock, with a simple moving average of 12.96% for the last 200 days.
Analysts’ Opinion of FANG
Bernstein, on the other hand, stated in their research note that they expect to see FANG reach a price target of $243. The rating they have provided for FANG stocks is “Outperform” according to the report published on June 06th, 2024.
Barclays gave a rating of “Equal Weight” to FANG, setting the target price at $214 in the report published on April 10th of the current year.
FANG Trading at 0.16% 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 -7.52% of loss for the given period.
Volatility was left at 2.24%, however, over the last 30 days, the volatility rate increased by 2.44%, as shares surge +0.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.63% lower at present.
During the last 5 trading sessions, FANG fell by -5.12%, which changed the moving average for the period of 200-days by +36.32% in comparison to the 20-day moving average, which settled at $204.12. In addition, Diamondback Energy Inc saw 30.13% 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 Wesson Daniel N, who sale 4,000 shares at the price of $194.69 back on Jun 10 ’24. After this action, Wesson Daniel N now owns 65,677 shares of Diamondback Energy Inc, valued at $778,760 using the latest closing price.
Barkmann Albert, the Exec. VP and Chief Engineer of Diamondback Energy Inc, sale 1,000 shares at $194.75 during a trade that took place back on Jun 10 ’24, which means that Barkmann Albert is holding 15,162 shares at $194,750 based on the most recent closing price.
Stock Fundamentals for FANG
Current profitability levels for the company are sitting at:
- 0.39 for the present operating margin
- 0.65 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 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.87. The debt to equity ratio resting at 0.39. The interest coverage ratio of the stock is 36.03.
Currently, EBITDA for the company is 6.39 billion with net debt to EBITDA at 0.91. When we switch over and look at the enterprise to sales, we see a ratio of 4.74. The receivables turnover for the company is 9.21for 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
To sum up, Diamondback Energy Inc (FANG) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
