With 1.62 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.41 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $164.045 whereas the lowest price it dropped to was $161.925. The 52-week range on FANG shows that it touched its highest point at $212.93 and its lowest point at $143.26 during that stretch. It currently has a 1-year price target of $217.19. With its current market cap of 47.37 billion, FANG has annualized dividend of $5.04 while the current yield stands at 3.11%. Beta for the stock currently stands at 1.86.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FANG was down-trending over the past week, with a drop of -6.05%, but this was down by -9.83% over a month. Three-month performance dropped to -5.91% while six-month performance fell -14.14%. The stock gained 12.43% in the past year, while it has gained 7.21% so far this year. A look at the trailing 12-month EPS for FANG yields 17.46 with Next year EPS estimates of 15.01. For the next quarter, that number is 3.44. This implies an EPS growth rate of -12.49% for this year and -4.78% for next year. EPS is expected to decline by -3.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 16.56%.
Float and Shares Shorts:
At present, 292.74 million FANG shares are outstanding with a float of 188.34 million shares on hand for trading. On 2024-11-29, short shares totaled 5.5 million, which was 188.0 higher than short shares on 1730332800. In addition to Mr. Travis D. Stice as the firm’s CEO & Chairman of the Board, Mr. Matthew Kaes Van’t Hof serves as its President & CFO.
Institutional Ownership:
Through their ownership of 0.61871 of FANG’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, FANG reported revenue of $2645000000.0 and operating income of $968000000.0. The EBITDA in the recently reported quarter was $1793000000.0 and diluted EPS was $3.19.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FANG since 12 analysts follow the stock currently. There are 10 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With FANG analysts setting a high price target of 255.0 and a low target of 171.0, the average target price over the next 12 months is 216.03448. Based on these targets, FANG could surge 57.18% to reach the target high and rise by 5.41% to reach the target low. Reaching the average price target will result in a growth of 33.17% from current levels.
Analysts have provided yearly estimates in a range of $19.11967 being high and $13.23372 being low. For FANG, this leads to a yearly average estimate of $15.76042. Based on analyst estimates, the high estimate for the next quarter is $4.85 and the low estimate is $1.97. The average estimate for the next quarter is thus $3.69.
