Diamondback Energy Inc. (FANG) is priced at $79.60 after the most recent trading session. At the very opening of the session, the stock price was $78.84 and reached a high price of $78.885, prior to closing the session it reached the value of $75.68. The stock touched a low price of $75.05.Recently in News on August 9, 2021, Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Announces Midland Basin Acquisition. Viper Energy Partners LP (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), today announced it has entered into a definitive purchase and sale agreement to acquire certain mineral and royalty interests from Swallowtail Royalties LLC and Swallowtail Royalties II LLC (collectively, “Swallowtail” or the “Seller”) in exchange for 15.25 million units of Viper common stock and $225 million of cash, subject to customary adjustments. The cash portion of this transaction is expected to be funded through a combination of cash on hand and borrowings under the Company’s credit facility. You can read further details here
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 $102.53 on 07/01/21, 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 143.66%
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 -22.36% during the 52-week period from high price, and 236.86% 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 $102.53.
The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 1215687 for the day, which was evidently lower, 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 56.36%, having the revenues showcasing -16.70% 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 13.82B, as it employees total of 732 workers.
Analysts verdict on Diamondback Energy Inc. (FANG)
During the last month, 0 analysts gave the Diamondback Energy Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 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 81.44, with a change in the price was noted +4.23. In a similar fashion, Diamondback Energy Inc. posted a movement of +5.55% for the period of last 100 days, recording 2,386,110 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 0.67 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.67.
Diamondback Energy Inc. (FANG): Technical Analysis
Raw Stochastic average of Diamondback Energy Inc. in the period of last 50 days is set at 53.99%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 96.17%. In the last 20 days, the company’s Stochastic %K was 87.41% and its Stochastic %D was recorded 80.37%.
Let’s take a glance in the erstwhile performances 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 56.36%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -7.81%, alongside a boost of 143.66% for the period of the last 12 months. The shares increased approximately by 1.00% in the 7-day charts and went up by 0.05% in the period of the last 30 days. Common stock shares were lifted by -16.70% during last recorded quarter.