Is Diamondback Energy Inc. (NASDAQ:FANG) an excellent stock to buy at the moment?

After closing at $128.80 in the most recent trading day, Diamondback Energy Inc. (NASDAQ: FANG) closed at 126.54, down -1.75%. In other words, the price has decreased by $-2.26 from its previous closing price. On the day, 1566499 shares were traded. FANG reached its highest trading level at $132.50 during the session, while it also had its lowest trading level at $126.49.

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Ratios:

Our goal is to gain a better understanding of FANG by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 531.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.15. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 0.70. In the meantime, Its Debt-to-Equity ratio is 0.41 whereas as Long-Term Debt/Eq ratio is at 0.41.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, KeyBanc Capital Markets on September 20, 2022, initiated with a Overweight rating and assigned the stock a target price of $163.

Barclays Upgraded its Equal Weight to Overweight on May 25, 2022, whereas the target price for the stock was revised from $162 to $160.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 07 when Van’t Hof Matthew Kaes sold 6,000 shares for $160.00 per share. The transaction valued at 960,000 led to the insider holds 61,334 shares of the business.

Stice Travis D. sold 30,000 shares of FANG for $4,500,303 on May 27. The Chief Executive Officer now owns 428,497 shares after completing the transaction at $150.01 per share. On May 27, another insider, Dick Teresa L., who serves as the CAO, Exec. VP, Assist. Sec. of the company, sold 2,500 shares for $152.22 each. As a result, the insider received 380,544 and left with 57,308 shares of the company.

Valuation Measures:

As of this moment, Diamondback’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.91, and their Forward P/E ratio for the next fiscal year is 5.18. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.51 while its Price-to-Book (P/B) ratio in mrq is 1.68.

Stock Price History:

Over the past 52 weeks, FANG has reached a high of $159.44, while it has fallen to a 52-week low of $78.94. The 50-Day Moving Average of the stock is 127.43, while the 200-Day Moving Average is calculated to be 128.88.

Shares Statistics:

The stock has traded on average 2.74M shares per day over the past 3-months and 2.32M shares per day over the last 10 days, according to various share statistics. A total of 177.84M shares are outstanding, with a floating share count of 176.89M. Insiders hold about 0.20% of the company’s shares, while institutions hold 91.50% stake in the company. Shares short for FANG as of Jul 14, 2022 were 6.56M with a Short Ratio of 2.73, compared to 9.32M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 3.74% and a Short% of Float of 4.25%.

Dividends & Splits

In the trailing 12 months, FANG’s forward annual dividend rate was 1.55, compared to 3.00 this year. Against a Trailing Annual Dividend Yield of 1.20%, it implies a Forward Annual Dividend Yield of 2.19%.

Earnings Estimates

Its stock is currently analyzed by 25 different market analysts. On average, analysts expect EPS of $6.58 for the current quarter, with a high estimate of $7.63 and a low estimate of $5.45, while EPS last year was $2.4. The consensus estimate for the next quarter is $7.1, with high estimates of $9.69 and low estimates of $4.16.

Analysts are recommending an EPS of between $30.94 and $20.57 for the fiscal current year, implying an average EPS of $25.44. EPS for the following year is $23.56, with 28 analysts recommending between $33.59 and $16.81.

Revenue Estimates

15 analysts predict $2.43B in revenue for the current quarter. It ranges from a high estimate of $2.68B to a low estimate of $2.21B. As of the current estimate, Diamondback Energy Inc.’s year-ago sales were $1.35B, an estimated increase of 79.60% from the year-ago figure.

A total of 19 analysts have provided revenue estimates for FANG’s current fiscal year. The highest revenue estimate was $10.76B, while the lowest revenue estimate was $8.22B, resulting in an average revenue estimate of $9.52B. In the same quarter a year ago, actual revenue was $6.8B, up 40.00% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $8.71B in the next fiscal year. The high estimate is $11.75B and the low estimate is $7.11B. The average revenue growth estimate for next year is down -8.50% from the average revenue estimate for this year.