In recent trading session, Diamondback Energy Inc. (NASDAQ:FANG) saw 1.24 million shares changing hands at last check today with its beta currently measuring 2.05. Company’s recent per share price level of $115.15 trading at -$11.39 or -9.00% at last check today assigns it a market valuation of $22.85B. That most recent trading price of FANG’s stock is at a discount of -38.46% from its 52-week high price of $159.44 and is indicating a premium of 29.21% from its 52-week low price of $81.51. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.32 million shares which gives us an average trading volume of 2.69 million if we extend that period to 3-months.
For Diamondback Energy Inc. (FANG), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.90. Splitting up the data highlights that, out of 32 analysts covering the stock, 0 rated the stock as a Sell while 4 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 24 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $6.58 in the current quarter.
Diamondback Energy Inc. (NASDAQ:FANG) trade information
Upright in the red during last session for losing -9.00%, in the last five days FANG remained trading in the red while hitting it’s week-highest on Wednesday, 09/21/22 when the stock touched $115.15 price level, adding 14.29% to its value on the day. Diamondback Energy Inc.’s shares saw a change of 21.59% in year-to-date performance and have moved -6.01% in past 5-day. Diamondback Energy Inc. (NASDAQ:FANG) showed a performance of -6.35% in past 30-days. Number of shares sold short was 6.56 million shares which calculate 1.67 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $173.87 to the stock, which implies a rise of 33.77% to its recent value today. Analysts have been projecting $135.00 as a low price target for the stock while placing it at a high target of $230.00. It follows that stock’s current price would drop -99.74% in reaching the projected high whereas dropping to the targeted low would mean a loss of -17.24% for stock’s current value.
Diamondback Energy Inc. (FANG) estimates and forecasts
Statistics highlight that Diamondback Energy Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -8.06% of value to its shares in past 6 months, showing an annual growth rate of 128.35% while that of industry is 34.70. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 174.20% in the current quarter and calculating 141.50% increase in the next quarter. This year revenue growth is estimated to rise 40.00% from the last financial year’s standing.
15 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $2.43 billion for the same. And 15 analysts are in estimates of company making revenue of $2.54 billion in the next quarter that will end on Sep 2022.
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 50.00% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 141.40% while estimates for its earnings growth in next 5 years are of 19.78%.
Diamondback Energy Inc. is more likely to be releasing its next quarterly report between May 02 and May 06 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.
Diamondback Energy Inc. (NASDAQ:FANG)’s Major holders
Insiders are in possession of 0.47% of company’s total shares while institution are holding 91.46 percent of that, with stock having share float percentage of 91.89%. Investors also watch the number of corporate investors in a company very closely, which is 91.46% institutions for Diamondback Energy Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at FANG for having 20.41 million shares of worth $2.8 billion. And as of Mar 30, 2022, it was holding 11.50% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 13.6 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 7.66% of outstanding shares, having a total worth of $1.86 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Select Sector SPDR Fund-Energy Select are the top two Mutual Funds which own company’s shares. As of Mar 30, 2022, the former fund manager was holding 5.12 million shares of worth $702.31 million or 2.89% of the total outstanding shares. The later fund manager was in possession of 4.67 million shares on Jun 29, 2022, making its stake of worth around $565.41 million in the company or a holder of 2.63% of company’s stock.