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Diamondback Energy Inc (FANG) Stock Could Soon Reward Patient Investors

Diamondback Energy Inc (NASDAQ: FANG) is 31.00% 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 $202.19 in the last trading session, with the day’s loss setting it -1.42%.

Currently trading at $200.77, the stock is -1.02% and 1.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing -0.70% at the moment leaves the stock 22.35% off its SMA200. FANG registered 61.71% gain for a year compared to 6-month gain of 32.69%.

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The stock witnessed a -2.70% loss in the last 1 month and extending the period to 3 months gives it a 22.40%, and is -1.67% 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 1.49% over the week and 2.11% over the month.

Diamondback Energy Inc (FANG) has around 1023 employees, a market worth around $35.81B and $8.71B in sales. Current P/E ratio is 11.32 and Fwd P/E is 9.55. Profit margin for the company is 36.45%. Distance from 52-week low is 67.28% and -5.28% from its 52-week high. The company has generated returns on investments over the last 12 months (13.47%).

with sales reaching $2.18B over the same period.The EPS is expected to grow by 6.02% this year, but quarterly earnings will post 7.60% year-over-year. Quarterly sales are estimated to grow 13.30% in year-over-year returns.

Diamondback Energy Inc (FANG) Top Institutional Holders

The shares outstanding are 178.72M, and float is at 177.37M with Short Float at 2.80%.

Diamondback Energy Inc (FANG) Insider Activity

The most recent transaction is an insider sale by Thompson Jere W III,the company’sExec. VP – Strategy & Corp Dev. SEC filings show that Thompson Jere W III sold 900 shares of the company’s common stock on May 03 ’24 at a price of $199.90 per share for a total of $0.18 million. Following the sale, the insider now owns 7585.0 shares.

Diamondback Energy Inc disclosed in a document filed with the SEC on Apr 02 ’24 that Stice Travis D. (Chief Executive Officer) sold a total of 30,000 shares of the company’s common stock. The trade occurred on Apr 02 ’24 and was made at $200.00 per share for $6.0 million. Following the transaction, the insider now directly holds 0.45 million shares of the FANG stock.

Still, SEC filings show that on Mar 21 ’24, Zmigrosky Matt (EVP, Chief Legal and Admin Off) disposed off 5,000 shares at an average price of $193.94 for $0.97 million. The insider now directly holds 44,445 shares of Diamondback Energy Inc (FANG).

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