Diamondback Energy Inc (NASDAQ: FANG) on Tuesday, soared 0.44% from the previous trading day, before settling in for the closing price of $179.13. Within the past 52 weeks, FANG’s price has moved between $142.17 and $212.93.
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It was noted that within the last five years, the titan of the Energy sector saw sales topped by 44.77%. The company achieved an average annual earnings per share of -10.54%. With a float of $189.54 million, this company’s outstanding shares have now reached $291.99 million.
The extent of productivity of a business whose workforce counts for 1023 workers is very important to gauge. In terms of profitability, gross margin is 62.85%, operating margin of 36.6%, and the pretax margin is 45.66%.
Diamondback Energy Inc (FANG) Insider and Institutional Ownership
Observing investor behavior towards Oil & Gas E&P industry stocks is more important than anything else. The insider ownership of Diamondback Energy Inc is 35.09%, while institutional ownership is 56.27%. The most recent insider transaction that took place on Nov 08 ’24, was worth 509,760. In this transaction Director of this company bought 2,832 shares at a rate of $180.00, taking the stock ownership to the 3,667 shares. Before that another transaction happened on Sep 23 ’24, when Company’s 10% Owner sold 13,212,830 for $175.11, making the entire transaction worth $2,313,665,629. This insider now owns 1,037,819 shares in total.
Diamondback Energy Inc (FANG) Latest Financial update
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 4.74 earnings per share (EPS) for the period topping the consensus outlook (set at 4.66) by 0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.57 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -10.54% 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
Diamondback Energy Inc (FANG) is currently performing well based on its current performance indicators. A quick ratio of 0.42 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.48. Likewise, its price to free cash flow for the trailing twelve months is 16.87.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 17.46, a number that is poised to hit 3.64 in the next quarter and is forecasted to reach 15.54 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 2.38 million was superior to 1.75 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 54.57%. Additionally, its Average True Range was 4.73.
During the past 100 days, Diamondback Energy Inc’s (FANG) raw stochastic average was set at 25.87%, which indicates a significant decrease from 51.28% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.55% in the past 14 days, which was lower than the 32.32% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $181.30, while its 200-day Moving Average is $189.81. Now, the first resistance to watch is $181.67. This is followed by the second major resistance level at $183.43. The third major resistance level sits at $184.37. If the price goes on to break the first support level at $178.97, it is likely to go to the next support level at $178.03. The third support level lies at $176.27 if the price breaches the second support level.
Diamondback Energy Inc (NASDAQ: FANG) Key Stats
Market capitalization of the company is 52.53 billion based on 291,989K outstanding shares. Right now, sales total 8,412 M and income totals 3,143 M. The company made 2,645 M in profit during its latest quarter, and 659,000 K in sales during its previous quarter.
