On Monday, Diamondback Energy Inc (NASDAQ: FANG) opened higher 2.25% from the last session, before settling in for the closing price of $175.81. Price fluctuations for FANG have ranged from $142.17 to $212.93 over the past 52 weeks.
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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%. Company’s average yearly earnings per share was noted -4.93% at the time writing. With a float of $191.32 million, this company’s outstanding shares have now reached $294.74 million.
Considering the fact that the conglomerate employs 1023 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 62.98%, operating margin of 37.88%, and the pretax margin is 50.96%.
Diamondback Energy Inc (FANG) Insider Activity
A key investor’s attitude towards the stock of the Oil & Gas E&P industry is another important factor to consider. The insider ownership of Diamondback Energy Inc is 35.09%, while institutional ownership is 55.66%. The most recent insider transaction that took place on Sep 23 ’24, was worth 2,313,665,629. In this transaction 10% Owner of this company sold 13,212,830 shares at a rate of $175.11, taking the stock ownership to the 1,037,819 shares. Before that another transaction happened on Aug 09 ’24, when Company’s CAO, Exec. VP, Assist. Sec. sold 5,000 for $200.00, making the entire transaction worth $1,000,000. This insider now owns 88,953 shares in total.
Diamondback Energy Inc (FANG) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 5.49 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 5.01) by 0.48. Wall Street market experts anticipate that the next fiscal year will bring earnings of 4.12 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -4.93% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.00% 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
Check out the current performance indicators for Diamondback Energy Inc (FANG). In the past quarter, the stock posted a quick ratio of 3.64. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.68. Likewise, its price to free cash flow for the trailing twelve months is 16.13.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 19.35, a number that is poised to hit 4.08 in the next quarter and is forecasted to reach 17.08 in one year’s time.
Technical Analysis of Diamondback Energy Inc (FANG)
Compared to the last year’s volume of 1.73 million, its volume of 1.83 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 23.61%. Additionally, its Average True Range was 4.71.
During the past 100 days, Diamondback Energy Inc’s (FANG) raw stochastic average was set at 25.55%, which indicates a significant decrease from 40.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.19% in the past 14 days, which was lower than the 31.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $182.98, while its 200-day Moving Average is $189.02. Nevertheless, the first resistance level for the watch stands at $181.56 in the near term. At $183.36, the stock is likely to face the second major resistance level. The third major resistance level sits at $185.39. If the price goes on to break the first support level at $177.73, it is likely to go to the next support level at $175.70. Should the price break the second support level, the third support level stands at $173.90.
Diamondback Energy Inc (NASDAQ: FANG) Key Stats
There are currently 294,742K shares outstanding in the company with a market cap of 52.70 billion. Presently, the company’s annual sales total 8,412 M according to its annual income of 3,143 M. Last quarter, the company’s sales amounted to 2,483 M and its income totaled 837,000 K.
