FANG (Diamondback Energy Inc) climbed 9.38 at the last close: Is This Today’s Most Popular Stock?

Diamondback Energy Inc (NASDAQ: FANG) kicked off on Monday, up 9.38% from the previous trading day, before settling in for the closing price of $151.74. Over the past 52 weeks, FANG has traded in a range of $117.09-$168.67.

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Energy Sector giant saw their annual sales surged by 59.15% over the last five years. While this was happening, its average annual earnings per share was recorded -25.31%. With a float of $172.31 million, this company’s outstanding shares have now reached $179.84 million.

The firm has a total of Nov 15 2023 workers. Let’s measure their productivity.

Diamondback Energy Inc (FANG) Breakdown of a Key Holders of the stock

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 3.73%, while institutional ownership is 89.16%. The most recent insider transaction that took place on Jan 03, was worth 4,800,246. In this transaction Chief Executive Officer of this company sold 30,000 shares at a rate of $160.01, taking the stock ownership to the 416,242 shares. Before that another transaction happened on Dec 14, when Company’s President & CFO sold 4,000 for $153.32, making the entire transaction worth $613,266. This insider now owns 151,980 shares in total.

Diamondback Energy Inc (FANG) Recent Fiscal highlights

In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported $5.49 earnings per share (EPS), higher than consensus estimate (set at $5.01) by $0.48. Wall Street market experts anticipate that the next fiscal year will bring earnings of 4.34 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -25.31% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.00% during the next five years compared to 37.87% 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 0.86. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.62. Likewise, its price to free cash flow for the trailing twelve months is 9.45.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 17.63, a number that is poised to hit 4.72 in the next quarter and is forecasted to reach 18.14 in one year’s time.

Technical Analysis of Diamondback Energy Inc (FANG)

Analysing the last 5-days average volume posted by the [Diamondback Energy Inc, FANG], we can find that recorded value of 2.73 million was better than the volume posted last year of 1.83 million. As of the previous 9 days, the stock’s Stochastic %D was 62.81%. Additionally, its Average True Range was 3.99.

During the past 100 days, Diamondback Energy Inc’s (FANG) raw stochastic average was set at 80.88%, which indicates a significant decrease from 89.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.28% in the past 14 days, which was higher than the 26.77% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $153.51, while its 200-day Moving Average is $147.48. Now, the first resistance to watch is $169.86. This is followed by the second major resistance level at $173.75. The third major resistance level sits at $179.37. If the price goes on to break the first support level at $160.36, it is likely to go to the next support level at $154.74. Now, if the price goes above the second support level, the third support stands at $150.85.

Diamondback Energy Inc (NASDAQ: FANG) Key Stats

The company with the Market Capitalisation of 29.71 billion has total of 178,985K Shares Outstanding. Its annual sales at the moment are 9,643 M in contrast with the sum of 4,386 M annual income. Company’s last quarter sales were recorded 2,340 M and last quarter income was 915,000 K.