Diamondback Energy Inc (NASDAQ: FANG) is 30.24% higher on its value in year-to-date trading and has touched a low of $120.02 and a high of $211.96 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 $201.15 in the last trading session, with the day’s loss setting it -1.55%.
Currently trading at $199.60, the stock is -0.68% and 7.43% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.06 million and changing -0.77% at the moment leaves the stock 26.14% off its SMA200. FANG registered 41.89% gain for a year compared to 6-month gain of 21.83%.
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The stock witnessed a 3.62% loss in the last 1 month and extending the period to 3 months gives it a 34.89%, and is -4.16% down 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 2.46% over the week and 1.79% over the month.
Diamondback Energy Inc (FANG) has around 1023 employees, a market worth around $35.60B and $8.41B in sales. Current P/E ratio is 11.50 and Fwd P/E is 9.65. Profit margin for the company is 37.09%. Distance from 52-week low is 66.31% and -5.83% from its 52-week high. The company has generated returns on investments over the last 12 months (13.41%).
The EPS is expected to grow by 4.21% this year
The shares outstanding are 178.72M, and float is at 177.36M with Short Float at 2.91%.
Diamondback Energy Inc (FANG) Insider Activity
The most recent transaction is an insider sale by Stice Travis D., the company’s Chief Executive Officer. SEC filings show that Stice Travis D. sold 30,000 shares of the company’s common stock on Apr 02 ’24 at a price of $200.00 per share for a total of $6.0 million. Following the sale, the insider now owns 0.45 million shares.
Diamondback Energy Inc disclosed in a document filed with the SEC on Mar 21 ’24 that Zmigrosky Matt (EVP, Chief Legal and Admin Off) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Mar 21 ’24 and was made at $193.94 per share for $0.97 million. Following the transaction, the insider now directly holds 44445.0 shares of the FANG stock.
Still, SEC filings show that on Mar 21 ’24, Dick Teresa L. (CAO, Exec. VP, Assist. Sec.) disposed off 2,000 shares at an average price of $193.92 for $0.39 million. The insider now directly holds 94,523 shares of Diamondback Energy Inc (FANG).
