Handle With Care: Diamondback Energy Inc (NASDAQ: FANG)

Currently, there are 179.84M common shares owned by the public and among those 172.31M shares have been available to trade.

Insiders at the company have transacted a total of 54 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 18 of these insider trades were purchases, accounting for 210,997 shares. Insider sales of the common stock occurred on 36 occasions, with total insider shares sold totaling 195,538 shares.

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However, the script later moved the day high at 168.12, up 9.38%. The company’s stock has a 5-day price change of 10.93% and 8.41% over the past three months. FANG shares are trading 7.03% year to date (YTD), with the 12-month market performance up to 21.05% higher. It has a 12-month low price of $117.09 and touched a high of $168.67 over the same period. FANG has an average intraday trading volume of 4.25 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.79%, 8.30%, and 13.91% respectively.

Institutional ownership of Diamondback Energy Inc (NASDAQ: FANG) shares accounts for 89.16% of the company’s 179.84M shares outstanding.

It has a market capitalization of $29.71B and a beta (3y monthly) value of 1.88. The stock’s trailing 12-month PE ratio is 9.41, while the earnings-per-share (ttm) stands at $17.63. The company has a PEG of 4.71 and a Quick Ratio of 0.86 with the debt-to-equity ratio at 0.38. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.65% over the week and 2.05% over the month.

Analysts forecast that Diamondback Energy Inc (FANG) will achieve an EPS of $MicroSectors FANG Index 3X Lev for the current quarter, $320.65 for the next quarter and $ETF for Type. The lowest estimate earnings-per-share for the quarter is $Micro FANG Index Futures – ICU while analysts give the company a high EPS estimate of $FLEX LNG Ltd.. Comparatively, EPS for the current quarter was $Direxion Daily FTSE China Bear a year ago. Earnings per share for the fiscal year are expected to decrease by -25.31%, and 0.71% over the next financial year. EPS should shrink at an annualized rate of 2.00% over the next five years, compared to 37.87% over the past 5-year period.

Looking at the support for the FANG, a number of firms have released research notes about the stock. BofA Securities stated their Neutral rating for the stock in a research note on Feb-13-24, with the firm’s price target at $129-$170.

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