Diamondback Energy Inc. (NASDAQ: FANG) kicked off on June 21, 2022, at the price of $127.25, up 8.17% from the previous trading day. During the day, the shares moved up to $133.40 and dropped to $127.00 before settling in for the closing price of $122.29. Over the past 52 weeks, FANG has traded in a range of $64.74-$162.24.
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It was noted that within the last five years, the titan of the Energy sector saw sales topped by 66.80%. While this was happening, its average annual earnings per share was recorded 141.40%. With a float of $176.66 million, this company’s outstanding shares have now reached $177.56 million.
The extent of productivity of a business whose workforce counts for 870 workers is very important to gauge. In terms of profitability, gross margin is +62.25, operating margin of +60.01, and the pretax margin is +42.77.
Diamondback Energy Inc. (FANG) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas E&P Industry. The insider ownership of Diamondback Energy Inc. is 0.10%, while institutional ownership is 91.80%. The most recent insider transaction that took place on Jun 07, was worth 960,000. In this transaction President & CFO of this company sold 6,000 shares at a rate of $160.00, taking the stock ownership to the 61,334 shares. Before that another transaction happened on May 27, when Company’s Chief Executive Officer sold 30,000 for $150.01, making the entire transaction worth $4,500,303. This insider now owns 428,497 shares in total.
Diamondback Energy Inc. (FANG) Latest Financial update
In the latest quarterly report, which was put into the public domain on 3/30/2022, the organization reported $5.2 earnings per share (EPS), higher than consensus estimate (set at $4.51) by $0.69. This company achieved a net margin of +32.10 while generating a return on equity of 20.90. Wall Street market experts anticipate that the next fiscal year will bring earnings of 6.49 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 141.40% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 16.41% during the next five years compared to 50.00% growth over the previous five years of trading.
Diamondback Energy Inc. (NASDAQ: FANG) Trading Performance Indicators
Take a look at Diamondback Energy Inc.’s (FANG) current performance indicators. Last quarter, stock had a quick ratio of 0.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.20. Likewise, its price to free cash flow for the trailing twelve months is 6.14.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 15.20, a number that is poised to hit 6.53 in the next quarter and is forecasted to reach 23.14 in one year’s time.
Technical Analysis of Diamondback Energy Inc. (FANG)
The latest stats from [Diamondback Energy Inc., FANG] show that its last 5-days average volume of 5.06 million was superior to 2.87 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 14.20%. Additionally, its Average True Range was 7.67.
During the past 100 days, Diamondback Energy Inc.’s (FANG) raw stochastic average was set at 30.01%, which indicates a significant increase from 29.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 68.11% in the past 14 days, which was higher than the 52.08% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $138.97, while its 200-day Moving Average is $121.02. Now, the first resistance to watch is $134.79. This is followed by the second major resistance level at $137.29. The third major resistance level sits at $141.19. If the price goes on to break the first support level at $128.39, it is likely to go to the next support level at $124.49. The third support level lies at $121.99 if the price breaches the second support level.
Diamondback Energy Inc. (NASDAQ: FANG) Key Stats
The company with the Market Capitalisation of 25.66 billion has total of 177,493K Shares Outstanding. Its annual sales at the moment are 6,797 M in contrast with the sum of 2,182 M annual income. Company’s last quarter sales were recorded 2,408 M and last quarter income was 779,000 K.