Diamondback Energy Inc (NASDAQ: FANG) on Friday, plunged -3.39% from the previous trading day, before settling in for the closing price of $172.68. Within the past 52 weeks, FANG’s price has moved between $142.17 and $212.93.
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A company in the Energy sector has jumped its sales by 44.77% annually for the last half of the decade. The company achieved an average annual earnings per share of -12.93%. With a float of $189.31 million, this company’s outstanding shares have now reached $292.74 million.
In an organization with 1023 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 62.85%, operating margin of 43.92%, 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 35.16%, while institutional ownership is 59.28%. The most recent insider transaction that took place on Dec 05 ’24, was worth 517,536. Before that another transaction happened on Nov 13 ’24, when Company’s Director sold 1,150 for $181.00, making the entire transaction worth $208,150. This insider now owns 4,712 shares in total.
Diamondback Energy Inc (FANG) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.73 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -12.93% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -3.00% 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 4.91. Likewise, its price to free cash flow for the trailing twelve months is 15.12.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 17.46, a number that is poised to hit 3.47 in the next quarter and is forecasted to reach 15.11 in one year’s time.
Technical Analysis of Diamondback Energy Inc (FANG)
Let’s dig in a bit further. During the last 5-days, its volume was 2.24 million. That was better than the volume of 1.77 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 15.47%. Additionally, its Average True Range was 4.88.
During the past 100 days, Diamondback Energy Inc’s (FANG) raw stochastic average was set at 4.26%, which indicates a significant decrease from 9.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.79% in the past 14 days, which was lower than the 32.84% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $181.26, while its 200-day Moving Average is $191.10. However, in the short run, Diamondback Energy Inc’s stock first resistance to watch stands at $170.88. Second resistance stands at $174.94. The third major resistance level sits at $177.97. If the price goes on to break the first support level at $163.79, it is likely to go to the next support level at $160.76. The third support level lies at $156.70 if the price breaches the second support level.
Diamondback Energy Inc (NASDAQ: FANG) Key Stats
Market capitalization of the company is 47.06 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.
