As on Wednesday, Diamondback Energy Inc (NASDAQ: FANG) got off with the flyer as it spiked 0.34% to $206.23, before settling in for the price of $205.53 at the close. Taking a more long-term approach, FANG posted a 52-week range of $120.02-$208.49.
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It was noted that the giant of the Energy sector posted annual sales growth of 44.77% over the last 5 years. Meanwhile, its Annual Earning per share during the time was 16.56%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 3.15%. This publicly-traded company’s shares outstanding now amounts to $178.72 million, simultaneously with a float of $177.36 million. The organization now has a market capitalization sitting at $36.78 billion. At the time of writing, stock’s 50-day Moving Average stood at $181.28, while the 200-day Moving Average is $158.99.
Diamondback Energy Inc (FANG) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Oil & Gas E&P industry. Diamondback Energy Inc’s current insider ownership accounts for 0.55%, in contrast to 91.13% institutional ownership. According to the most recent insider trade that took place on Apr 02 ’24, this organization’s Chief Executive Officer sold 30,000 shares at the rate of 200.00, making the entire transaction reach 6,000,060 in total value, affecting insider ownership by 446,610. Preceding that transaction, on Mar 21 ’24, Company’s EVP, Chief Legal and Admin Off sold 5,000 for 193.94, making the whole transaction’s value amount to 969,684. This particular insider is now the holder of 44,445 in total.
Diamondback Energy Inc (FANG) Earnings and Revenue Records
If we go through the results of last quarter, which was made public on 12/30/2023, the company posted $4.74 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $4.66) by $0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 4.4 per share during the current fiscal year.
Diamondback Energy Inc’s EPS increase for this current 12-month fiscal period is 3.15% and is forecasted to reach 20.76 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 2.00% through the next 5 years, which can be compared against the 16.56% growth it accomplished over the previous five years trading on the market.
Diamondback Energy Inc (NASDAQ: FANG) Trading Performance Indicators
Let’s observe the current performance indicators for Diamondback Energy Inc (FANG). It’s Quick Ratio in the last reported quarter now stands at 0.74. The Stock has managed to achieve an average true range (ATR) of 3.32. Alongside those numbers, its PE Ratio stands at $11.89, and its Beta score is 1.92. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 4.37. Similarly, its price to free cash flow for trailing twelve months is now 11.43.
In the same vein, FANG’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 17.35, a figure that is expected to reach 4.34 in the next quarter, and analysts are predicting that it will be 20.76 at the market close of one year from today.
Technical Analysis of Diamondback Energy Inc (FANG)
Through scrutinizing the latest numbers posted by the [Diamondback Energy Inc, FANG], it can be observed that its last 5-days Average volume of 1.56 million was lower the volume of 1.8 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 82.90% While, its Average True Range was 3.36.
Raw Stochastic average of Diamondback Energy Inc (FANG) in the period of the previous 100 days is set at 96.40%, which indicates a major rise in contrast to 85.97% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 12.93% that was lower than 24.80% volatility it exhibited in the past 100-days period.
