Diamondback Energy Inc. (FANG) is primed for evolution with the beta value of 2.74 – Invest Chronicle

Diamondback Energy Inc. (FANG) is primed for evolution with the beta value of 2.74

Let’s start up with the current stock price of Diamondback Energy Inc. (FANG), which is $86.89 to be very precise. The Stock rose vividly during the last session to $91.2474 after opening rate of $89.95 while the lowest price it went was recorded $84.14 before closing at $90.37.

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Recently in News on May 4, 2021, Rattler Midstream LP, a Subsidiary of Diamondback Energy, Inc., Reports First Quarter 2021 Financial and Operating Results. Rattler Midstream LP (NASDAQ: RTLR) (“Rattler” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced financial and operating results for the first quarter ended March 31, 2021. You can read further details here


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Diamondback Energy Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $92.11 on 06/09/21, with the lowest value was $47.56 for the same time period, recorded on 01/04/21.

Diamondback Energy Inc. (FANG) full year performance was 86.66%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Diamondback Energy Inc. shares are logging -5.67% during the 52-week period from high price, and 267.71% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $23.63 and $92.11.

The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 2789306 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Diamondback Energy Inc. (FANG) recorded performance in the market was 79.52%, having the revenues showcasing 15.59% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 15.68B, as it employees total of 732 workers.

The Analysts eye on Diamondback Energy Inc. (FANG)

During the last month, 29 analysts gave the Diamondback Energy Inc. a BUY rating, 1 of the polled analysts branded the stock as an OVERWEIGHT, 6 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 76.56, with a change in the price was noted +25.56. In a similar fashion, Diamondback Energy Inc. posted a movement of +41.68% for the period of last 100 days, recording 2,703,346 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for FANG is recording 0.72 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.70.

Technical rundown of Diamondback Energy Inc. (FANG)

Raw Stochastic average of Diamondback Energy Inc. in the period of last 50 days is set at 73.60%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 70.19%. In the last 20 days, the company’s Stochastic %K was 84.35% and its Stochastic %D was recorded 81.81%.

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Considering, the past performance of Diamondback Energy Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 79.52%. Additionally, trading for the stock in the period of the last six months notably improved by 80.42%, alongside a boost of 86.66% for the period of the last 12 months. The shares increased approximately by -0.11% in the 7-day charts and went down by 8.61% in the period of the last 30 days. Common stock shares were driven by 15.59% during last recorded quarter.

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