Diamondback Energy Inc. [FANG] Revenue clocked in at $3.10 billion, up 57.89% YTD: What’s Next?

Diamondback Energy Inc. [NASDAQ: FANG] plunged by -$4.11 during the normal trading session on Wednesday and reaching a high of $80.25 during the day while it closed the day at $76.42. The company report on August 5, 2021 that Rattler Midstream LP, a Subsidiary of Diamondback Energy, Inc., Reports Second Quarter 2021 Financial and Operating Results.

Rattler Midstream LP (NASDAQ: RTLR) (“Rattler” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), announced financial and operating results for the second quarter ended June 30, 2021.


Diamondback Energy Inc. stock has also loss -3.97% of its value over the past 7 days. However, FANG stock has declined by -8.06% in the 3 months of the year. Over the past six months meanwhile, it has gained 20.20% and gained 57.89% year-on date.

The market cap for FANG stock reached $14.26 billion, with 180.98 million shares outstanding and 169.26 million shares in the current float. Compared to the average trading volume of 2.56M shares, FANG reached a trading volume of 2708045 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Diamondback Energy Inc. [FANG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FANG shares is $109.41 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FANG stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Johnson Rice have made an estimate for Diamondback Energy Inc. shares, keeping their opinion on the stock as Accumulate, with their previous recommendation back on June 08, 2021. While these analysts kept the previous recommendation, Scotiabank raised their target price from $86 to $95. The new note on the price target was released on May 21, 2021, representing the official price target for Diamondback Energy Inc. stock. Previously, the target price had yet another raise to $99, while Goldman analysts kept a Buy rating on FANG stock. On April 15, 2021, analysts increased their price target for FANG shares from 84 to 86.

The Average True Range (ATR) for Diamondback Energy Inc. is set at 4.09, with the Price to Sales ratio for FANG stock in the period of the last 12 months amounting to 4.60. The Price to Book ratio for the last quarter was 1.18, with the Price to Cash per share for the same quarter was set at 0.65. Price to Free Cash Flow for FANG in the course of the last twelve months was 9.03 with Quick ratio for the last quarter at 0.40.

FANG stock trade performance evaluation

Diamondback Energy Inc. [FANG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.97. With this latest performance, FANG shares dropped by -16.18% in over the last four-week period, additionally plugging by 20.20% over the last 6 months – not to mention a rise of 86.07% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FANG stock in for the last two-week period is set at 40.48, with the RSI for the last a single of trading hit 39.25, and the three-weeks RSI is set at 42.38 for Diamondback Energy Inc. [FANG]. The present Moving Average for the last 50 days of trading for this stock 85.50, while it was recorded at 78.07 for the last single week of trading, and 66.82 for the last 200 days.

Diamondback Energy Inc. [FANG]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Diamondback Energy Inc. [FANG] shares currently have an operating margin of +19.37 and a Gross Margin at +22.64. Diamondback Energy Inc.’s Net Margin is presently recorded at -160.58.

Return on Total Capital for FANG is now 3.03, given the latest momentum, and Return on Invested Capital for the company is -27.34. Return on Equity for this stock declined to -40.98, with Return on Assets sitting at -21.95. When it comes to the capital structure of this company, Diamondback Energy Inc. [FANG] has a Total Debt to Total Equity ratio set at 67.43. Additionally, FANG Total Debt to Total Capital is recorded at 40.27, with Total Debt to Total Assets ending up at 33.66. Long-Term Debt to Equity for the company is recorded at 63.95, with the Long-Term Debt to Total Capital now at 38.20.

Reflecting on the efficiency of the workforce at the company, Diamondback Energy Inc. [FANG] managed to generate an average of -$6,170,765 per employee. Receivables Turnover for the company is 5.25 with a Total Asset Turnover recorded at a value of 0.14.Diamondback Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.50.

Earnings per share (EPS) analysis for Diamondback Energy Inc. [FANG] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FANG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Diamondback Energy Inc. go to 46.44%.

Diamondback Energy Inc. [FANG]: Insider Ownership positions

There are presently around $12,402 million, or 90.80% of FANG stock, in the hands of institutional investors. The top three institutional holders of FANG stocks are: VANGUARD GROUP INC with ownership of 20,288,841, which is approximately 11.621% of the company’s market cap and around 0.20% of the total institutional ownership; CAPITAL RESEARCH GLOBAL INVESTORS, holding 19,407,467 shares of the stock with an approximate value of $1.48 billion in FANG stocks shares; and BLACKROCK INC., currently with $882.68 million in FANG stock with ownership of nearly 5.706% of the company’s market capitalization.

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Positions in Diamondback Energy Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 356 institutional holders increased their position in Diamondback Energy Inc. [NASDAQ:FANG] by around 30,420,903 shares. Additionally, 271 investors decreased positions by around 18,021,942 shares, while 69 investors held positions by with 113,849,026 shares. The mentioned changes placed institutional holdings at 162,291,871 shares, according to the latest SEC report filing. FANG stock had 138 new institutional investments in for a total of 14,400,405 shares, while 87 institutional investors sold positions of 2,496,653 shares during the same period.

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