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Diamondback Energy (FANG)

80.34   4.58 (6.05%) 04-15 00:10
Open: 76.87 Pre. Close: 75.76
High: 81.42 Low: 76.95
Volume: 2,890,419 Market Cap: 14,521M
Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico. As of December 31, 2019, the company's total acreage position was approximately 455,378 gross acres in the Permian Basin; and estimated proved oil and natural gas reserves were 1,127,575 thousand barrels of crude oil equivalent. It also held working interests in 2,656 gross producing wells, as well as royalty interests in 4,161 additional wells. In addition, the company owns mineral interests approximately 814,224 gross acres and 24,304 net royalty acres in the Permian Basin and Eagle Ford Shale; and owns, operates, develops, and acquires midstream infrastructure assets, such as 867 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system in the Midland and Delaware Basins of the Permian Basin. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 81.558 - 81.948 81.948 - 82.302
Low: 76.014 - 76.456 76.456 - 76.858
Close: 79.593 - 80.338 80.338 - 81.015

Technical analysis

as of: 2021-04-14 4:59:33 PM
Overall:       
Stoxline posted a STRONG BUY today, upgraded from lower rating. Upward movement to be expected.
Target: Six months: 100.41     One year: 117.28
Support: Support1: 75.81    Support2: 69.53
Resistance: Resistance1: 85.97    Resistance2: 100.41
Pivot: 75.64
Moving Average: MA(5): 76.00     MA(20): 75.72
MA(100): 62.26     MA(250): 47.59
MACD: MACD(12,26): 0.64     Signal(9): 0.71
Stochastic oscillator: %K(14,3): 60.45     %D(3): 49.56
RSI: RSI(14): 58.41
52-week: High: 88.75  Low: 23.63  Change(%): 186.6
Average Vol(K): 3-Month: 307361  10-Days: 272601

Price, moving averages and Bollinger Bands

Price and moving averages has closed above its Short term moving average. Short term moving average is currently above mid-term; AND above long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BULLISH in short-term; and BULLISH in mid-long term.
FANG has closed above the upper band by 4.2%. If price is in a uptrend band; this upward trend in price might continue. However a short term pullback inside the band is likely.Bollinger Bands are 42% narrower than normal. The narrow width of the bands suggests low volatility as compared to FANG's normal range. The bands have been in this narrow range for 4 bars. This is a sign that the market may be about to initiate a new trend.

Headline News

Wed, 14 Apr 2021
Diamondback Energy, Inc. Forecasted to Earn Q4 2021 Earnings of $2.27 Per Share (NASDAQ:FANG) - MarketBeat

Tue, 13 Apr 2021
Diamondback (FANG) Gives Preliminary Update on Q1 Production - Yahoo Finance

Mon, 12 Apr 2021
Diamondback Energy, Inc. Provides First Quarter Update and Announces Revised 2021 Guidance - GlobeNewswire

Thu, 08 Apr 2021
Diamondback Energy (FANG) Stock Sinks As Market Gains: What You Should Know - Yahoo Finance

Thu, 08 Apr 2021
Diamondback Energy (FANG): Strong Industry, Solid Earnings Estimate Revisions - Yahoo Finance

Thu, 01 Apr 2021
FANG Stock Rebounds Bullishly As Oil Prices Jump After OPEC Surprise - Investor's Business Daily

Financial Analysis

Growth
Growth measures the growth of both a company's revenue and net income. it tells investors how fast a company is growing.
Profitability
Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs.
Solvency
Solvency measures a company's ability to meet its long-term debts. Acceptable solvency ratios will vary from industry to industry.
Efficiency
Efficiency measures the strength of a company's return on invested capital. It can identify business that are better managed or not.
Price to Book Value: Outperform Discounted cash flow: Outperform
Return on Assets: Neutral Price to Earnings: Underperform
Return on Equity: Neutral Debt to Equity: Outperform
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NASDAQ
Sector:  Energy
Industry:  Oil & Gas E&P
Shares Out. (M) 181
Shares Float (M) 148
% Held by Insiders 0.81
% Held by Institutions 91.56
Shares Short (K) 8,020
Shares Short P. Month (K) 8,880

Stock Financials

EPS -28.590
EPS Est This Year 5.000
EPS Est Next Year 5.830
Book Value (p.s.) 55.630
Profit Margin -169.11
Operating Margin 17.37
Return on Assets (ttm) 1.4
Return on Equity (ttm) -37.8
Qtrly Rev. Growth -30.6
Gross Profit (p.s.) 11.065
Sales Per Share 14.772
EBITDA (p.s.) 9.848
Qtrly Earnings Growth
Operating Cash Flow (M) 2,120
Levered Free Cash Flow (M) -508

Stock Valuations

PE Ratio -2.81
PEG Ratio
Price to Book value 1.44
Price to Sales 5.44
Price to Cash Flow 6.85

Stock Dividends

Dividend 1.520
Forward Dividend 1.600
Dividend Yield 0.02
Dividend Pay Date 2021-03-10
Ex-Dividend Date 2021-03-02
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