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In the latest session, Diamondback Energy Inc (NASDAQ: FANG) closed at $195.84 up 0.52% from its previous closing price of $194.82. In other words, the price has increased by $0.52 from its previous closing price. On the day, 1.14 million shares were traded. FANG stock price reached its highest trading level at $198.51 during the session, while it also had its lowest trading level at $195.285.
Ratios:
For a deeper understanding of Diamondback Energy Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.70. For the most recent quarter (mrq), Quick Ratio is recorded 3.64 and its Current Ratio is at 3.66. In the meantime, Its Debt-to-Equity ratio is 0.69 whereas as Long-Term Debt/Eq ratio is at 0.69.
On June 06, 2024, Bernstein started tracking the stock assigning a Outperform rating and target price of $243.
On April 10, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $214.Barclays initiated its Equal Weight rating on April 10, 2024, with a $214 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 09 ’24 when Dick Teresa L. sold 5,000 shares for $200.00 per share. The transaction valued at 1,000,000 led to the insider holds 88,953 shares of the business.
Van’t Hof Matthew Kaes sold 50,000 shares of FANG for $9,907,706 on Aug 08 ’24. The President & CFO now owns 100,718 shares after completing the transaction at $198.15 per share. On Aug 09 ’24, another insider, Dick Teresa L., who serves as the Officer of the company, bought 5,000 shares for $200.00 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 34936680448 and an Enterprise Value of 41267769344. As of this moment, Diamondback’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.12, and their Forward P/E ratio for the next fiscal year is 9.64. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.77 while its Price-to-Book (P/B) ratio in mrq is 2.00. Its current Enterprise Value per Revenue stands at 4.665 whereas that against EBITDA is 6.129.
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 $137.39. The 50-Day Moving Average of the stock is -0.53%, while the 200-Day Moving Average is calculated to be 9.91%.
Shares Statistics:
For the past three months, FANG has traded an average of 1.34M shares per day and 1350800 over the past ten days. A total of 178.72M shares are outstanding, with a floating share count of 177.43M. Insiders hold about 0.54% of the company’s shares, while institutions hold 91.67% stake in the company. Shares short for FANG as of 1722384000 were 5270655 with a Short Ratio of 3.92, compared to 1719532800 on 5940796. Therefore, it implies a Short% of Shares Outstanding of 5270655 and a Short% of Float of 3.39.
Dividends & Splits
According to the company, the forward annual dividend rate for FANG is 4.98, from 10.76 in the trailing year. Against a Trailing Annual Dividend Yield of 0.05523047The stock’s 5-year Average Dividend Yield is 3.52.
