Goldman raised the price target for the Diamondback Energy Inc. (NASDAQ:FANG) stock to “a Buy”. The rating was released on April 20, 2021. We previously noted in another research note published on April 15, 2021 by Scotiabank that downgraded the stock from a Sector outperform to a Sector perform with a price target of $86 for FANG stock. The research report from Evercore ISI has resumed the stock to Outperform, with a price target set at $95. In their research brief published February 01, 2021, Scotiabank analysts initiated the Diamondback Energy Inc. stock to Sector Outperform with a price target of $84.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $2.3 during the last quarter as opposed to a consensus estimate of $1.79, which indicates the company beat its estimate by $0.51, which implies that the company surprised the market by 28.50%. It appears that the average earnings per share estimate for the current quarter (ending in Jun 2021) is $1.92. This is an average of 28 analysts’ earnings, where the high earnings per share estimate is $2.58 and the low earnings per share estimate is $1.31. According to 21 analyst estimates, an average revenue estimate of $1.26B is projected for the current quarter with a high revenue estimate of $1.5B and a low estimate of $1.03B.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Diamondback Energy Inc. (NASDAQ:FANG) dipped -5.62% to close Tuesday’s market session at $79.20, lower as compared to yesterday’s close. The stock price fluctuated between $78.3058 and $84.49 throughout the trading session with the volume trading being 4636908 shares, which represented a significant variation when compared to the three months average volume of 2.77 million shares. The firm’s stock price fluctuated -0.15% within the last five trades and 5.04% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 205.08% in the last 6 months and 35.58% was added to its value over the previous 3 months. FANG stock is trading at a margin of 1.71%, 2.70% and 54.38% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, FANG deals in the Energy domain. The stock is trading -10.76 percent below its 52-week high and 235.17 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 80.98. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Diamondback Energy Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $14.79 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 7.72. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 5.26 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.42, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.20 percent of Diamondback Energy Inc. shares are owned by insiders, and 86.60 percent are held by financial institutions. Stice Travis D., the Chief Executive Officer at Diamondback Energy Inc. (FANG) has sold 20,000 shares of firm on Apr 29 at a price of $85.00 against the total amount of $1.7 million. In another inside trade, Van’t Hof Matthew Kaes, CFO & Exec. VP – Bus Dev of Diamondback Energy Inc. (NASDAQ:FANG) sold 1,900 shares of the firm on Mar 19 for a total worth of $0.15 million at a price of $77.24. An inside trade which took place on Mar 08, Exec. VP – Land of Diamondback Energy Inc. Hawkins Thomas F. sold 10,000 shares of firm against total price of $0.84 million at the cost of $83.66 per share.