In the last trading session, 3.12 million shares of the Diamondback Energy Inc. (NASDAQ:FANG) were traded, and its beta was 2.58. Most recently the company’s share price was $109.90, and it changed around $4.78 or 4.55% from the last close, which brings the market valuation of the company to $19.03B. FANG currently trades at a discount to its 52-week high of $107.55, offering almost 2.14% off that amount. The share price’s 52-week low was $23.63, which indicates that the current value has risen by an impressive 78.5% since then. We note from Diamondback Energy Inc.’s average daily trading volume that its 10-day average is 3.3 million shares, with the 3-month average coming to 2.51 million.
Diamondback Energy Inc. stock received a consensus recommendation rating of a Buy, based on a mean score of 1.80. If we narrow it down even further, the data shows that 0 out of 35 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 4 recommended FANG as a Hold, whereas 28 deemed it a Buy, and 0 rated it as Underweight. Diamondback Energy Inc. is expected to report earnings per share of $2.66 for the current quarter.
Diamondback Energy Inc. (NASDAQ:FANG) trade information
Instantly FANG has showed a green trend with a performance of 4.55% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 110.50 on Friday, 10/08/21 increased the stock’s daily price by 0.54%. The company’s shares are currently up 127.07% year-to-date, but still up 11.17% over the last five days. On the other hand, Diamondback Energy Inc. (NASDAQ:FANG) is 45.26% up in the 30-day period. We can see from the shorts that 2.71 million shares have been sold at a short interest cover period of 1.07 day(s).
The consensus price target as assigned by Wall Street analysts is $117.21, which translates to bulls needing to increase their stock price by 6.24% from its current value. Analyst projections state that FANG is forecast to be at a low of $100.00 and a high of $148.00. In order for the stock price to hit the forecast high, the stock would need to plunge -34.67% from its current level, while the stock would need to crash 9.01% from its current level to reach the projected low.
Diamondback Energy Inc. (FANG) estimates and forecasts
Diamondback Energy Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 48.75 percent over the past six months and at a 239.80% annual growth rate that is well above the industry average of 10.30%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain 329.00% in revenue this quarter, and will report an increase of 220.70% in the next quarter. The year-over-year growth rate is expected to be 93.90%, up from the previous year.
Consensus estimates provided by 19 financial analysts predict the company will bring in an average of $1.46 billion in revenue for the current quarter. 19 analysts expect Diamondback Energy Inc. to make $1.4 billion in revenue for the quarter ending Dec 2021. Forecasts for the next quarter put sales growth at 82.70%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -27.70%. Diamondback Energy Inc. earnings are expected to increase by 229.60% in 2021, but the outlook is positive 54.60% per year for the next five years.
Diamondback Energy Inc.’s next quarterly earnings report is expected to be released around November 01 and November 05. The annual dividend yield of the stock is 1.46 percent and its annual dividend per share was 1.60. It is important to note, however, that the 1.46% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Diamondback Energy Inc. (NASDAQ:FANG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.72% of Diamondback Energy Inc. shares, and 90.58% of them are in the hands of institutional investors. The stock currently has a share float of 91.24%. Diamondback Energy Inc. stock is held by 821 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Mar 30, 2021, it held 11.21% of the shares, which is about 20.29 million shares worth $1.49 billion.
Capital Research Global Investors, with 10.72% or 19.41 million shares worth $1.43 billion as of Mar 30, 2021, holds the second largest percentage of outstanding shares.
Growth Fund Of America Inc and Amcap Fund were the top two Mutual Funds as of Mar 30, 2021. The former held 9.11 million shares worth $669.55 million, making up 5.03% of all outstanding shares. On the other hand, Amcap Fund held roughly 5.99 million shares worth around $440.44 million, which represents about 3.31% of the total shares outstanding.