Diamondback Energy Inc (FANG) Analysis & Opinions from Experts

Diamondback Energy Inc (NASDAQ: FANG) is 17.96% higher on its value in year-to-date trading and has touched a low of $117.09 and a high of $168.67 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FANG stock was last observed hovering at around $156.26 in the last trading session, with the day’s gains setting it 0.13% off its average median price target of $181.00 for the next 12 months. It is also 33.45% off the consensus price target high of $235.00 offered by analysts, but current levels are -6.39% lower than the price target low of $147.00 for the same period.

Currently trading at $156.39, the stock is 2.54% and 0.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing 0.08% at the moment leaves the stock 9.76% off its SMA200. FANG registered 17.77% gain for a year compared to 6-month gain of 24.91%. The firm has a 50-day simple moving average (SMA 50) of $4.11 and a 200-day simple moving average (SMA200) of $5.50.

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The stock witnessed a 1.45% loss in the last 1 month and extending the period to 3 months gives it a 4.11%, and is 2.14% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.68% over the week and 1.81% over the month.

Diamondback Energy Inc (FANG) has around 972 employees, a market worth around $27.99B and $8.21B in sales. Current P/E ratio is 8.87 and Fwd P/E is 7.76. Profit margin for the company is 38.52%. Distance from 52-week low is 33.56% and -7.28% from its 52-week high. The company has generated returns on investments over the last 12 months (14.06%).

Diamondback Energy Inc is expected to release its quarterly report on 02/20/2024.The EPS is expected to shrink by -22.39% this year.

Diamondback Energy Inc (FANG) Top Institutional Holders

The shares outstanding are 179.84M, and float is at 172.26M with Short Float at 3.39%.

Diamondback Energy Inc (FANG) Insider Activity

A total of 7 insider transactions have happened at Diamondback Energy Inc (FANG) in the last six months, with sales accounting for 7 and purchases happening 0 times. The most recent transaction is an insider sale by Van’t Hof Matthew Kaes,the company’sPresident & CFO. SEC filings show that Van’t Hof Matthew Kaes sold 4,000 shares of the company’s common stock on Dec 14 at a price of $153.32 per share for a total of $0.61 million. Following the sale, the insider now owns 0.15 million shares.

Diamondback Energy Inc disclosed in a document filed with the SEC on Sep 12 that Houston David L (Director) sold a total of 8,000 shares of the company’s common stock. The trade occurred on Sep 12 and was made at $156.54 per share for $1.25 million. Following the transaction, the insider now directly holds 11565.0 shares of the FANG stock.

Still, SEC filings show that on Sep 12, Zmigrosky Matt (EVP, Chief Legal and Admin Off) disposed off 2,706 shares at an average price of $157.17 for $0.43 million. The insider now directly holds 27,480 shares of Diamondback Energy Inc (FANG).

Diamondback Energy Inc (FANG): Who are the competitors?

The company’s main competitors (and peers) include EOG Resources Inc. (EOG) that is trading -6.39% down over the past 12 months. Pioneer Natural Resources Co. (PXD) that is -0.21% lower over the same period.