For its first fiscal quarter (ending March 31), Diamondback Energy Inc (NASDAQ: FANG) has reported a 10% increase in E.P.S. from $3.88 a year ago to $4.28 in the current quarter. However, this performance was $-1.10 short of the consensus estimate of $5.38. E.P.S. were $17.74 for the latest four quarters through March 31 versus $24.17 for the same period a year ago — a decline of -27%.
Recent Price Action
Diamondback Energy Inc (NASDAQ: FANG) stock closed at $201.13 on 4/30/24 after a decline of -2.3%. Moreover, trading volume in this decline was above average at 135% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -0.7% during the last week.
Current PriceTarget Research Rating
FANG is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
DiamonDBAck Energy has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. DiamonDBAck Energy has a good Appreciation Score of 70 and a good Power Rating of 71, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment