Diamondback Energy Inc (NASDAQ: FANG) kicked off on Tuesday, up 0.58% from the previous trading day, before settling in for the closing price of $203.71. Over the past 52 weeks, FANG has traded in a range of $121.63-$210.83.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Energy sector was 44.77%. While this was happening, its average annual earnings per share was recorded 6.36%. With a float of $177.43 million, this company’s outstanding shares have now reached $178.72 million.
Considering the fact that the conglomerate employs 1023 people, you should pay attention to its efficiency factor.
Diamondback Energy Inc (FANG) Insider Activity
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 0.52%, while institutional ownership is 91.56%. The most recent insider transaction that took place on Jun 10 ’24, was worth 778,760. In this transaction Exec. VP & COO of this company sold 4,000 shares at a rate of $194.69, taking the stock ownership to the 65,677 shares. Before that another transaction happened on Jun 10 ’24, when Company’s Exec. VP and Chief Engineer sold 1,000 for $194.75, making the entire transaction worth $194,750. This insider now owns 15,162 shares in total.
Diamondback Energy Inc (FANG) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 3/31/2024, the organization reported 3.68 earnings per share (EPS), lower than consensus estimate (set at 3.9) by -0.22. Wall Street market experts anticipate that the next fiscal year will bring earnings of 4.77 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 6.36% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.50% during the next five years compared to 16.56% 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 0.89. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.19. Likewise, its price to free cash flow for the trailing twelve months is 11.51.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 17.74, a number that is poised to hit 4.79 in the next quarter and is forecasted to reach 20.70 in one year’s time.
Technical Analysis of Diamondback Energy Inc (FANG)
Compared to the last year’s volume of 1.64 million, its volume of 1.48 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 87.08%. Additionally, its Average True Range was 4.02.
During the past 100 days, Diamondback Energy Inc’s (FANG) raw stochastic average was set at 88.37%, which indicates a significant increase from 84.18% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.48% in the past 14 days, which was lower than the 25.38% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $197.29, while its 200-day Moving Average is $174.22. Nevertheless, the first resistance level for the watch stands at $207.75 in the near term. At $210.59, the stock is likely to face the second major resistance level. The third major resistance level sits at $212.57. If the price goes on to break the first support level at $202.93, it is likely to go to the next support level at $200.95. Should the price break the second support level, the third support level stands at $198.11.
Diamondback Energy Inc (NASDAQ: FANG) Key Stats
The company with the Market Capitalisation of 36.54 billion has total of 178,344K Shares Outstanding. Its annual sales at the moment are 8,412 M in contrast with the sum of 3,143 M annual income. Company’s last quarter sales were recorded 2,227 M and last quarter income was 768,000 K.
