Stocks of Diamondback Energy Inc (NASDAQ:FANG) traded higher last session on Wall Street, up 1.68% to $157.60.
FANG stock price is now -2.20% away from the 50-day moving average and -11.90% away from the 200-day moving average. The market capitalization of the company currently stands at $45.62B.
With the price target maintained at $190, Wolfe Research recently Upgraded its rating from Peer Perform to Outperform for Diamondback Energy Inc (NASDAQ: FANG)., while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, Tsuru Frank D., Director bought 2,000 shares of the company’s stock on Feb 28 ’25. The stock was bought for $313,020 at an average price of $156.51. Upon completion of the transaction, the Director now directly owns 5,730 shares in the company, valued at $0.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 29 ’25, Director Diamondback Energy, Inc. bought 12,500,000 shares of the business’s stock. A total of $50,000,000 was incurred on buying the stock at an average price of $4.00. This leaves the insider owning 14,500,000 shares of the company worth $2.29 billion. A total of 35.88% of the company’s stock is owned by insiders.
During the past 12 months, Diamondback Energy Inc has had a low of $137.09 and a high of $212.93. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 0.44, and a quick ratio of 0.41. The fifty day moving average price for FANG is $161.1478 and a two-hundred day moving average price translates $179.2688 for the stock.
The latest earnings results from Diamondback Energy Inc (NASDAQ: FANG) was released for 2024-12-31. The net profit margin was 29.97% and return on equity was 12.20% for FANG. The company reported revenue of $3.71 billion for the quarter, compared to $2.23 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 66.56 percent.
