Analyst Expects Diamondback Energy Inc (NASDAQ: FANG) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NASDAQ listed company, FANG falls under the Energy sector while operating within the Oil & Gas E&P industry segment. The current market capitalization of Diamondback Energy Inc is $53.43B. A total of 3.04 million shares were traded on the day, compared to an average of 1.68M shares.

In the most recent transaction, Greth Lyndal sold 13,212,830 shares of FANG for 175.11 per share on Sep 23 ’24. After the transaction, the 10% Owner now owns 1,037,819 company shares. In a previous transaction on Aug 09 ’24, Dick Teresa L. sold 5,000 shares at 200.00 per share. FANG shares that CAO, Exec. VP, Assist. Sec. owns now total 88,953.

Among the insiders who sold shares, Van’t Hof Matthew Kaes disposed of 50,000 shares on Aug 08 ’24 at a per-share price of $198.15. This resulted in the President & CFO holding 100,718 shares of FANG after the transaction. In another insider transaction, Dick Teresa L. bought 5,000 shares at $200.00 per share on Aug 09 ’24.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Diamondback Energy Inc pays an annual dividend of $4.98, resulting in a dividend yield of 2.75%, and it has a price to earnings (P/E) ratio of 9.37. FANG’s most recent ex-dividend date was 8/15/2024 when it declared a $2.34 quarterly dividend that was paid in cash on 8/22/2024. Previously, the company paid the dividend on 5/22/2024 with an ex-dividend date of 5/14/2024. The FANG stock dividend was $0.90 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, FANG has a high of $212.93 and a low of $137.39.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. FANG’s latest balance sheet shows that the firm has $654.00M in Cash & Short Term Investments as of fiscal 2021. There were $6.77B in debt and $1.44B in liabilities at the time. Its Book Value Per Share was $97.81, while its Total Shareholder’s Equity was $13.24B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FANG is Buy with a score of 4.46.

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