Diamondback Energy Inc (NASDAQ: FANG) is 7.21% higher on its value in year-to-date trading and has touched a low of $143.26 and a high of $212.93 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 $163.90 in the last trading session, with the day’s loss setting it -1.67%.
Currently trading at $162.23, the stock is -7.25% and -10.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.62 million and changing -1.02% at the moment leaves the stock -14.48% off its SMA200. FANG registered 12.43% gain for a year compared to 6-month loss of -14.14%. The firm has a 50-day simple moving average (SMA 50) of $180.7368 and a 200-day simple moving average (SMA200) of $190.9159.
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The stock witnessed a -9.83% gain in the last 1 month and extending the period to 3 months gives it a -5.91%, and is -6.05% 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 2.44% over the week and 2.55% over the month.
Diamondback Energy Inc (FANG) has around 1023 employees, a market worth around $47.37B and $9.58B in sales. Current P/E ratio is 9.29 and Fwd P/E is 10.81. Profit margin for the company is 33.41%. Distance from 52-week low is 13.24% and -23.81% from its 52-week high. The company has generated returns on investments over the last 12 months (6.49%).
The EPS is expected to shrink by -12.49% this year
1561.0 institutions hold shares in Diamondback Energy Inc (FANG), with institutional investors hold 95.36% of the company’s shares. The shares outstanding are 292.74M, and float is at 188.34M with Short Float at 2.92%. Institutions hold 61.87% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 22.09 million shares valued at $4.42 billion. The investor’s holdings represent 12.3768 of the FANG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 14.92 million shares valued at $2.99 billion to account for 8.362 of the shares outstanding. The other top investors are STATE STREET CORP which holds 11.71 million shares representing 6.5603 and valued at over $2.34 billion, while PRICE T ROWE ASSOCIATES INC /MD/ holds 4.5562 of the shares totaling 8.13 million with a market value of $1.63 billion.
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 3,000 shares of the company’s common stock on Dec 05 ’24 at a price of $172.51 per share for a total of $0.52 million. Following the sale, the insider now owns 20400.0 shares.
Still, SEC filings show that on Nov 13 ’24, Plaumann Mark Lawrence (Director) disposed off 1,150 shares at an average price of $181.00 for $0.21 million. The insider now directly holds 4,712 shares of Diamondback Energy Inc (FANG).
