Diamondback Energy Inc (NASDAQ: FANG) has reported E.P.S. of $4.66 for its second fiscal quarter (ending June 30) versus $3.05 for the same period a year ago — an increase of 53%. Relative to the consensus estimate of $4.50, this was a premium of $0.16. For the latest four quarters through June 30, E.P.S. were $19.34 compared to $19.29 a year ago — an increase of 0%.
Recent Price Action
Diamondback Energy Inc (NASDAQ: FANG) stock closed at $185.18 on 8/5/24 after a decline of -2.1%. Moreover, unusually high trading volume at 177% of normal accompanied the decline. The stock has declined -7.8% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
FANG’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
DiamonDBAck Energy has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. DiamonDBAck Energy has a good Appreciation Score of 75 and a good Power Rating of 79, with the Highest Value Trend Rating the result.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment