Diamondback Energy Inc (NASDAQ:FANG) has a beta value of 1.04 and has seen 1.27 million shares traded in the recent trading session. The company, currently valued at $42.20B, closed the recent trade at $2660000.0 per share which meant it gained $2659851.15 on the day or 1266123% during that session. The FANG stock price is 99.99% off its 52-week high price of $212.93 and 100.0% above the 52-week low of $114.00. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.05 million shares traded. The 3-month trading volume is 2.66 million shares.
The consensus among analysts is that Diamondback Energy Inc (FANG) is Buy stock at the moment, with a recommendation rating of 1.29. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 1 out of 12 have rated it as a Hold, with 10 advising it as a Buy. 0 have rated the stock as Underweight.
Diamondback Energy Inc (NASDAQ:FANG) trade information
Over the past 30 days, the shares of Diamondback Energy Inc (NASDAQ:FANG) have changed 5.95%. Short interest in the company has seen 6.58 million shares shorted with days to cover at 2.95.
Wall Street analysts have a consensus price target for the stock at $206, which means that the shares’ value could drop -1291162.14% from the levels at last check today.. The projected low price target is $190.0 while the price target rests at a high of $215.0. In that case, then, we find that the latest price level in today’s session is 99.99% off the targeted high while a plunge would see the stock lose 99.99% from the levels at last check today..
Diamondback Energy Inc (FANG) estimates and forecasts
The company’s shares have lost -9.82% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 60.36% over the past 5 years. Earnings growth for 2025 is a modest -16.83% while over the next 5 years, the company’s earnings are expected to decrease by -1.21%.
FANG Dividends
Diamondback Energy Inc is expected to release its next earnings report on 2025-May-05 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 3.80 at a share yield of 2.63%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.12%.
Diamondback Energy Inc (NASDAQ:FANG)’s Major holders
Insiders own 35.57% of the company shares, while shares held by institutions stand at 60.07% with a share float percentage of 93.24%. Investors are also buoyed by the number of investors in a company, with Diamondback Energy Inc having a total of 1496.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 22.09 million shares worth more than $4.42 billion. As of 2024-06-30, VANGUARD GROUP INC held 12.385% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 14.92 million shares as of 2024-06-30. The firm’s total holdings are worth over $2.99 billion and represent 8.3675% of shares outstanding.
