As of Friday close, Diamondback Energy Inc.’s (NASDAQ:FANG) stock was down -$2.41, moving down -1.92 percent to $123.12. The average number of shares traded per day over the past five days has been 4,315,960 shares. 2 times new highs have been achieved over the past 5 days, with a -$12.79 fall in that time frame. In the last twenty days, the average volume was 3,124,925, while in the previous 50 days, it was 2,516,934.
Since last month, FANG stock retreated -14.19%. Shares of the company fell to $119.01 on 03/16/23, the lowest level in the past month. A 52-week high of $164.93 was reached on 01/27/23 after having rallying from a 52-week low of $99.50. Since the beginning of this year, FANG’s stock price has dropped by -8.63% or -$13.66, and marked a new high 10 times. However, the stock has declined by -25.35% since its 52-week high.
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FANG stock investors should be aware that Diamondback Energy Inc. (FANG) stock had its last reported insider trading activity 87 days ago on Dec 21. Zmigrosky Matt, the Exec. VP, Gen Counsel and Sec of the company, disposed of 2,012 shares for $136.96 on Dec 21. It resulted in a $275,562 divestment by the insider. Van’t Hof Matthew Kaes sold 6,000 shares at an average price of $160.00 on Jun 07. The insider now owns 61,334 shares following the transaction. On May 27, Chief Executive Officer Stice Travis D. sold 30,000 shares at $150.01 apiece. The transaction was valued at $4,500,303.
Right now, Diamondback Energy Inc. (FANG) has a P/E ratio of about 4.98. The stock’s beta is 2.04. Besides these, the trailing price-to-sales (P/S) ratio of 2.41, the price-to-book (PB) ratio of 1.46, and the price-to-cash flow ratio of 4.98 may also be considered.
The latest dividend of $2.95 per share was paid out, which is 30.53% more than last year’s $2.26. On Tuesday February 21 2023, a $0.69 dividend increase was announced.
In the three months ended September 29, Diamondback Energy Inc.’s quick ratio stood at 0.80, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.42, and the total debt-to-equity ratio was 0.42. On the profitability front, the trailing twelve-month gross margin is 84.20% percent. In the year ended September 29, operating margins totaled 66.50%. Based on annual data, FANG earned $6.51 billion in gross profit and brought in $9.64 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 24.60%. Return on equity (ROE) for the past 12 months was 31.60%.
In Diamondback Energy Inc.’s quarter-end financial report for September 29, it reported total debt of $6.24 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. FANG’s revenue rose 0.39% to $2.44 billion during the quarter, while net income inched up to $2.03 billion. While analysts expected Diamondback Energy Inc. to report $6.33 quarterly earnings, the actual figure was $6.48 per share, beating the consensus estimate by 2.40%. During the quarter, the company generated $1.62 billion in EBITDA. The liabilities of Diamondback Energy Inc. were 10.52 billion at the end of its most recent quarter ended September 29, and its total debt was $5.56 billion. The value of shareholders’ equity is $183.59 million.
This quick technical analysis looks at Diamondback Energy Inc.’s (FANG) price momentum. With a historical volatility rate of 40.77%, the RSI 9-day stood at 26.81% on 17 March.
With respect to its five-day moving average, the current Diamondback Energy Inc. price is down by -9.41% percent or -$12.79. At present, FANG shares trade -13.15% below its 20-day simple moving average and -19.17% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.74% below its SMA50 and -19.01% below its SMA200.
Stochastic coefficient K was 14.83% and Stochastic coefficient D was 17.10%, while ATR was 6.10. Given the Stochastic reading of 14.75% for the 14-day period, the RSI (14) reading has been calculated as 32.02%. As of today, the MACD Oscillator reading stands at -9.16, while the 14-day reading stands at -13.08.
With a median target price of $175.50, the current consensus forecast for the stock is $135.00 – $217.00. Based on these forecasts, analysts predict Diamondback Energy Inc. (FANG) will achieve an average price target of $178.97.