Diamondback Energy Inc (NASDAQ: FANG) is 26.85% higher on its value in year-to-date trading and has touched a low of $118.46 and a high of $193.01 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 $192.90 in the last trading session, with the day’s gains setting it 1.5%.
Currently trading at $194.40, the stock is 6.27% and 16.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.32 million and changing 0.78% at the moment leaves the stock 28.71% off its SMA200. FANG registered 53.07% gain for a year compared to 6-month gain of 30.74%. The firm has a 50-day simple moving average (SMA 50) of $4.91 and a 200-day simple moving average (SMA200) of $6.63.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 9.44% loss in the last 1 month and extending the period to 3 months gives it a 25.18%, and is 2.59% 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 1.54% over the week and 1.60% over the month.
Diamondback Energy Inc (FANG) has around 1023 employees, a market worth around $34.69B and $8.41B in sales. Current P/E ratio is 11.20 and Fwd P/E is 9.44. Profit margin for the company is 37.09%. Distance from 52-week low is 64.10% and 0.72% from its 52-week high. The company has generated returns on investments over the last 12 months (13.41%).
Diamondback Energy Inc quarterly earnings per share for the current quarter are estimated at $4.19 with sales reaching $2.05B over the same period.The EPS is expected to grow by 0.71% this year, but quarterly earnings will post 5.10% year-over-year. Quarterly sales are estimated to grow 6.40% in year-over-year returns.
1,349 institutions hold shares in Diamondback Energy Inc (FANG), with institutional investors hold 94.18% of the company’s shares. The shares outstanding are 178.72M, and float is at 177.40M with Short Float at 2.78%. Institutions hold 93.59% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 21.92 million shares valued at $2.88 billion. The investor’s holdings represent 12.26% of the FANG Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 14.07 million shares valued at $1.85 billion to account for 7.87% of the shares outstanding. The other top investors are Wellington Management Group, LLP which holds 13.62 million shares representing 7.62% and valued at over $1.79 billion, while State Street Corporation holds 6.40% of the shares totaling 11.44 million with a market value of $1.5 billion.
Diamondback Energy Inc (FANG) Insider Activity
The most recent transaction is an insider sale by Van’t Hof Matthew Kaes, the company’s President & CFO. SEC filings show that Van’t Hof Matthew Kaes sold 12,000 shares of the company’s common stock on Mar 20 ’24 at a price of $190.82 per share for a total of $2.29 million. Following the sale, the insider now owns 0.19 million shares.
Diamondback Energy Inc disclosed in a document filed with the SEC on Mar 20 ’24 that Dick Teresa L. (CAO, Exec. VP, Assist. Sec.) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Mar 20 ’24 and was made at $192.00 per share for $0.38 million. Following the transaction, the insider now directly holds 96523.0 shares of the FANG stock.
Still, SEC filings show that on Mar 20 ’24, Barkmann Albert (Exec. VP and Chief Engineer) disposed off 1,066 shares at an average price of $190.75 for $0.2 million. The insider now directly holds 16,315 shares of Diamondback Energy Inc (FANG).
