Diamondback Energy Inc (NASDAQ: FANG) has experienced a rise in its stock price by 0.76 compared to its previous closing price of 158.93. However, the company has seen a fall of -1.84% in its stock price over the last five trading days. zacks.com reported 2024-12-16 that Diamondback, Halliburton and VoltaGrid collaborate to deploy electric simul-frac fleets in the Permian Basin, enhancing efficiency and reducing emissions.
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 9.17x. The 36-month beta value for FANG is also noteworthy at 1.86. There are mixed opinions on the stock, with 14 analysts rating it as a “buy,” 10 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The public float for FANG is 188.33M, and at present, short sellers hold a 2.92% of that float. The average trading volume of FANG on December 18, 2024 was 2.41M shares.
FANG’s Market Performance
The stock of Diamondback Energy Inc (FANG) has seen a -1.84% decrease in the past week, with a -9.32% drop in the past month, and a -10.09% fall in the past quarter. The volatility ratio for the week is 2.02%, and the volatility levels for the past 30 days are at 2.42% for FANG. The simple moving average for the past 20 days is -6.89% for FANG’s stock, with a -15.46% simple moving average for the past 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 $227 based on the research report published on December 02, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see FANG reach a price target of $195. The rating they have provided for FANG stocks is “Neutral” according to the report published on October 14th, 2024.
BMO Capital Markets gave a rating of “Outperform” to FANG, setting the target price at $215 in the report published on October 04th of the current year.
FANG Trading at -10.21% 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 -24.79% of loss for the given period.
Volatility was left at 2.42%, however, over the last 30 days, the volatility rate increased by 2.02%, as shares sank -11.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.73% lower at present.
During the last 5 trading sessions, FANG fell by -1.84%, which changed the moving average for the period of 200-days by -10.48% in comparison to the 20-day moving average, which settled at $171.99. In addition, Diamondback Energy Inc saw 5.83% 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 WEST STEVEN E, who purchase 6,000 shares at the price of $162.66 back on Dec 16 ’24. After this action, WEST STEVEN E now owns 12,135 shares of Diamondback Energy Inc, valued at $975,960 using the latest closing price.
Van’t Hof Matthew Kaes, the President & CFO of Diamondback Energy Inc, sale 4,000 shares at $163.48 during a trade that took place back on Dec 13 ’24, which means that Van’t Hof Matthew Kaes is holding 96,718 shares at $653,928 based on the most recent closing price.
Stock Fundamentals for FANG
Current profitability levels for the company are sitting at:
- 0.44 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 28.99.
Currently, EBITDA for the company is 6.17 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 6.2. 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.
