In last trading session, Diamondback Energy, Inc. (NASDAQ:FANG) saw 6,155,597 shares changing hands with its beta currently measuring 2.33. Company’s recent per share price level of $39.44 trading at $1.7 or 4.5% at ring of the bell on the day assigns it a market valuation of $6.23 Billion. That closing price of FANG’s stock is at a discount of -145.74% from its 52-week high price of $96.92 and is indicating a premium of 63.11% from its 52-week low price of $14.55. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.9 Million shares which gives us an average trading volume of 3.28 Million if we extend that period to 3-months.
For Diamondback Energy, Inc. (FANG), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.9. Splitting up the data highlights that, out of 34 analysts covering the stock, none rated the stock as a Sell while 3 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 26 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.73 in the current quarter.
Diamondback Energy, Inc. (NASDAQ:FANG) trade information
Upright in the green today for gaining 4.5%, in the last five days FANG remained trading in the green while hitting it’s week-highest on Wednesday, Nov 18 when the stock touched $39.85- price level, adding 1.03% to its value on the day. Diamondback Energy, Inc.’s shares saw a change of -57.53% in year-to-date performance and have moved 24.57% in past 5-day. Diamondback Energy, Inc. (NASDAQ:FANG) showed a performance of 40.66% in past 30-days. Number of shares sold short was 11.32 Million shares which calculate 3.45 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $52.68 to the stock, which implies a rise of 33.57% to its current value. Analysts have been projecting $35 as a low price target for the stock while placing it at a high target of $84. It follows that stock’s current price would jump +112.98% in reaching the projected high whereas dropping to the targeted low would mean a loss of -11.26% for stock’s current value.
Diamondback Energy, Inc. (FANG) estimates and forecasts
Statistics highlight that Diamondback Energy, Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lessened -8.15% of value to its shares in past 6 months, showing an annual growth rate of -56.85% while that of industry is -35.5. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -62.2% in the current quarter and calculating -42.1% decline in the next quarter. This year revenue growth is estimated to drop -28.3% from the last financial year’s standing.
20 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $747Million for the same. And 18 analysts are in estimates of company making revenue of $771.64 Million in the next quarter that will end in March 01, 2021. Company posted $1.1 Billion and $899Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -32.3% while estimating it to be -14.2% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -16.6% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -81.8% while estimates for its earnings growth in next 5 years are of 13.45%
Diamondback Energy, Inc. is more likely to be releasing its next quarterly report between February 16 and February 22, 2021, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 4.02%, the share has a forward dividend of 1.5 which implies that company’s dividend yield remained growing in trailing twelve months.
Diamondback Energy, Inc. (NASDAQ:FANG)’s Major holders
Insiders are in possession of 0.94% of company’s total shares while institution are holding 95.11% percent of that, with stock having share float percentage of 96.01%. Investors also watch the number of corporate investors in a company very closely, which is 669 institutions for Diamondback Energy, Inc. that are currently holding shares of the company. Capital Research Global Investors is the top institutional holder at FANG for having 19Million shares of worth $572.21 Million. And as of September 29, 2020, it was holding 12.03% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 18.62 Million shares on September 29, 2020. The number of shares represents firm’s hold over 11.79% of outstanding shares, having a total worth of $560.9 Million.
On the other hand, Growth Fund Of America Inc and Amcap Fund are the top two Mutual Funds which own company’s shares. As of September 29, 2020, the former fund manager was holding 9182565 shares of worth $276.58 Million or 5.81% of the total outstanding shares. The later fund manager was in possession of 6Million shares on September 29, 2020, making its stake of worth around $180.64 Million in the company or a holder of 3.8% of company’s stock.