Diamondback Energy Inc (NASDAQ: FANG) has a price-to-earnings ratio of 10.17x that is above its average ratio. Additionally, the 36-month beta value for FANG is 1.89. There are mixed opinions on the stock, with 19 analysts rating it as a “buy,” 9 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for FANG is 177.53M and currently, short sellers hold a 3.24% ratio of that float. The average trading volume of FANG on August 29, 2024 was 1.33M shares.
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FANG) stock’s latest price update
Diamondback Energy Inc (NASDAQ: FANG)’s stock price has increased by 1.14 compared to its previous closing price of 194.57. However, the company has seen a 2.64% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-18 that This article focuses on selecting high-growth dividend stocks with rapidly growing dividends rather than high current yields. We use our proprietary models to rate quantitatively and qualitatively and select the top ten names from an initial list of nearly 400 dividend stocks. The article provides criteria for selecting high-growth dividend stocks. It offers a step-by-step guide on structuring a portfolio based on this strategy.
FANG’s Market Performance
Diamondback Energy Inc (FANG) has experienced a 2.64% rise in stock performance for the past week, with a -2.01% drop in the past month, and a 0.46% rise in the past quarter. The volatility ratio for the week is 1.74%, and the volatility levels for the past 30 days are at 2.53% for FANG. The simple moving average for the past 20 days is 1.65% for FANG’s stock, with a 9.45% simple moving average for the past 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 -0.40% 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 -7.58% of loss for the given period.
Volatility was left at 2.53%, however, over the last 30 days, the volatility rate increased by 1.74%, as shares sank -0.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.98% upper at present.
During the last 5 trading sessions, FANG rose by +2.43%, which changed the moving average for the period of 200-days by +24.53% in comparison to the 20-day moving average, which settled at $194.22. In addition, Diamondback Energy Inc saw 30.05% 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 Dick Teresa L., who sale 5,000 shares at the price of $200.00 back on Aug 09 ’24. After this action, Dick Teresa L. now owns 88,953 shares of Diamondback Energy Inc, valued at $1,000,000 using the latest closing price.
Van’t Hof Matthew Kaes, the President & CFO of Diamondback Energy Inc, sale 50,000 shares at $198.15 during a trade that took place back on Aug 08 ’24, which means that Van’t Hof Matthew Kaes is holding 100,718 shares at $9,907,706 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
- 0.63 for the gross margin
The net margin for Diamondback Energy Inc stands at 0.37. The total capital return value is set at 0.1. Equity return is now at value 20.94, with 10.93 for asset returns.
Based on Diamondback Energy Inc (FANG), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.49. The debt to equity ratio resting at 0.69. The interest coverage ratio of the stock is -1755.0.
Currently, EBITDA for the company is 6.39 billion with net debt to EBITDA at 0.78. When we switch over and look at the enterprise to sales, we see a ratio of 4.34. The receivables turnover for the company is 11.17for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.66.
Conclusion
In conclusion, Diamondback Energy Inc (FANG) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
