The price-to-earnings ratio for Diamondback Energy Inc (NASDAQ: FANG) is above average at 10.31x. The 36-month beta value for FANG is also noteworthy at 1.90. There are mixed opinions on the stock, with 19 analysts rating it as a “buy,” 9 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for FANG is 189.20M, and at present, short sellers hold a 2.73% of that float. The average trading volume of FANG on November 20, 2024 was 2.22M shares.
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FANG) stock’s latest price update
Diamondback Energy Inc (NASDAQ: FANG)’s stock price has plunge by -0.98relation to previous closing price of 181.90. Nevertheless, the company has seen a 0.12% surge in its stock price over the last five trading sessions. 247wallst.com reported 2024-11-18 that Cribbing notes from billionaire investors is a great way to find stocks to buy.
FANG’s Market Performance
FANG’s stock has risen by 0.12% in the past week, with a monthly drop of -1.26% and a quarterly drop of -5.76%. The volatility ratio for the week is 3.08% while the volatility levels for the last 30 days are 2.30% for Diamondback Energy Inc The simple moving average for the last 20 days is 0.23% for FANG stock, with a simple moving average of -4.72% for the last 200 days.
Analysts’ Opinion of FANG
Many brokerage firms have already submitted their reports for FANG stocks, with Citigroup repeating the rating for FANG by listing it as a “Neutral.” The predicted price for FANG in the upcoming period, according to Citigroup is $195 based on the research report published on October 14, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see FANG reach a price target of $215, previously predicting the price at $205. The rating they have provided for FANG stocks is “Outperform” according to the report published on October 04th, 2024.
Barclays gave a rating of “Overweight” to FANG, setting the target price at $210 in the report published on October 02nd of the current year.
FANG Trading at -0.70% 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 -15.41% of loss for the given period.
Volatility was left at 2.30%, however, over the last 30 days, the volatility rate increased by 3.08%, as shares sank -2.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.03% upper at present.
During the last 5 trading sessions, FANG rose by +0.12%, which changed the moving average for the period of 200-days by +20.38% in comparison to the 20-day moving average, which settled at $179.71. In addition, Diamondback Energy Inc saw 19.03% 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 Plaumann Mark Lawrence, who sale 1,150 shares at the price of $181.00 back on Nov 13 ’24. After this action, Plaumann Mark Lawrence now owns 4,712 shares of Diamondback Energy Inc, valued at $208,150 using the latest closing price.
Plaumann Mark Lawrence, the Director of Diamondback Energy Inc, sale 240 shares at $181.00 during a trade that took place back on Nov 13 ’24, which means that Plaumann Mark Lawrence is holding 9,236 shares at $43,440 based on the most recent closing price.
Stock Fundamentals for FANG
Current profitability levels for the company are sitting at:
- 0.47 for the present operating margin
- 0.63 for the gross margin
The net margin for Diamondback Energy Inc stands at 0.34. The total capital return value is set at 0.07. Equity return is now at value 11.92, with 6.83 for asset returns.
Based on Diamondback Energy Inc (FANG), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at 0.44. The debt to equity ratio resting at 0.35. The interest coverage ratio of the stock is 30.77.
Currently, EBITDA for the company is 6.09 billion with net debt to EBITDA at 1.88. When we switch over and look at the enterprise to sales, we see a ratio of 6.81. The receivables turnover for the company is 6.69for trailing twelve months and the total asset turnover is 0.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.45.
Conclusion
In summary, Diamondback Energy Inc (FANG) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
