For its third fiscal quarter (ending September 30), Diamondback Energy Inc (NASDAQ: FANG) has reported a -37% decline in E.P.S. from $5.07 a year ago to $3.19 in the current quarter. E.P.S. were $17.34 for the latest four quarters through September 30 versus $17.63 for the same period a year ago — a decline of -2%.
Recent Price Action
On 11/4/24, Diamondback Energy Inc (NASDAQ: FANG) stock enjoyed a large increase of 2.2%, closing at $179.76. However, this advance was accompanied by below average trading volume at 82% of normal. The stock has performed in line with the market over the last nine months and has declined -2.5% during the last week.
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 C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. DiamonDBAck Energy has a good Appreciation Score of 80 but a slightly negative Power Rating of 33, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment