Diamondback Energy Inc (FANG) concluded trading on Wednesday at a closing price of $181.29, with 3.04 million shares of worth about $550.66 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -9.65% during that period and on October 02, 2024 the price saw a gain of about 2.12%. Currently the company’s common shares owned by public are about 294.74M shares, out of which, 191.31M shares are available for trading.
Stock saw a price change of 0.42% in past 5 days and over the past one month there was a price change of -3.30%. Year-to-date (YTD), FANG shares are showing a performance of 19.81% which increased to 25.70% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $137.39 but also hit the highest price of $212.93 during that period. The average intraday trading volume for Diamondback Energy Inc shares is 1.68 million. The stock is currently trading 2.24% above its 20-day simple moving average (SMA20), while that difference is down -3.41% for SMA50 and it goes to -1.08% lower than SMA200.
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Diamondback Energy Inc (NASDAQ: FANG) currently have 294.74M outstanding shares and institutions hold larger chunk of about 55.46% of that.
The stock has a current market capitalization of $53.43B and its 3Y-monthly beta is at 1.88. PE ratio of stock for trailing 12 months is 9.37, while it has posted earnings per share of $19.35 in the same period. Its PEG reads 1.51 and has Quick Ratio of 3.64 while making debt-to-equity ratio of 0.69. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FANG, volatility over the week remained 3.56% while standing at 3.15% over the month.
Stock’s fiscal year EPS is expected to drop by -0.41% while it is estimated to decrease by -0.67% in next year. EPS is likely to shrink at an annualized rate of 6.20% for next 5-years, compared to annual growth of 16.56% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on Oct-03-24 offering an Overweight rating for the stock and assigned a target price range of between $216 and $210 to it. Coverage by JP Morgan stated Diamondback Energy Inc (FANG) stock as an Overweight in their note to investors on October 03, 2024, suggesting a price target of $182 for the stock. Stock get an Outperform rating from Bernstein on June 06, 2024.
