Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
After finishing at $177.59 in the prior trading day, Diamondback Energy Inc (NASDAQ: FANG) closed at $175.83, down -0.99%. In other words, the price has decreased by -$0.99 from its previous closing price. On the day, 1.71 million shares were traded. FANG stock price reached its highest trading level at $178.28 during the session, while it also had its lowest trading level at $173.93.
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 138.74 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.62. For the most recent quarter (mrq), Quick Ratio is recorded 0.42 and its Current Ratio is at 0.45. In the meantime, Its Debt-to-Equity ratio is 0.35 whereas as Long-Term Debt/Eq ratio is at 0.32.
BMO Capital Markets Upgraded its Market Perform to Outperform on October 04, 2024, whereas the target price for the stock was revised from $205 to $215.
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 Nov 13 ’24 when Plaumann Mark Lawrence sold 1,150 shares for $181.00 per share. The transaction valued at 208,150 led to the insider holds 4,712 shares of the business.
Plaumann Mark Lawrence sold 240 shares of FANG for $43,440 on Nov 13 ’24. The Director now owns 9,236 shares after completing the transaction at $181.00 per share. On Nov 13 ’24, another insider, Plaumann Mark Lawrence, who serves as the Director of the company, bought 1,390 shares for $181.00 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FANG now has a Market Capitalization of 51340423168 and an Enterprise Value of 65393459200. As of this moment, Diamondback’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.07, and their Forward P/E ratio for the next fiscal year is 11.67. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.40 while its Price-to-Book (P/B) ratio in mrq is 1.38. Its current Enterprise Value per Revenue stands at 7.141 whereas that against EBITDA is 9.591.
Stock Price History:
Over the past 52 weeks, FANG has reached a high of $212.93, while it has fallen to a 52-week low of $142.17. The 50-Day Moving Average of the stock is -3.36%, while the 200-Day Moving Average is calculated to be -7.43%.
Shares Statistics:
The stock has traded on average 2.35M shares per day over the past 3-months and 1943620 shares per day over the last 10 days, according to various share statistics. A total of 292.74M shares are outstanding, with a floating share count of 189.31M. Insiders hold about 35.16% of the company’s shares, while institutions hold 59.25% stake in the company. Shares short for FANG as of 1731628800 were 6389722 with a Short Ratio of 2.71, compared to 1728950400 on 6073844. Therefore, it implies a Short% of Shares Outstanding of 6389722 and a Short% of Float of 2.3699999.
Dividends & Splits
In the trailing 12 months, FANG’s forward annual dividend rate was 8.29, compared to 5.04 this year. Against a Trailing Annual Dividend Yield of 0.04668056The stock’s 5-year Average Dividend Yield is 3.84.
