Diamondback Energy, Inc. (FANG): Analyzing Basic Trading Data

In the past 52-week period, shares of Diamondback Energy, Inc. (NASDAQ:FANG) have moved within the range of $82.77 to $114.00. On the stock’s most recent trading day, the company’s shares ended the regular session at $100.89, which is 11.5% lower than its 52-week high.

Diamondback Energy, Inc. (FANG) has demonstrated a 20-day simple moving average (SMA) of 0.49%, and a 50-day SMA of 6.29%. This public company’s current market capitalization stands at $9.90 billion.

Analyzing Consensus Estimates, Sales Revenue and Net Income

When thinking about buying shares in a public company, it is useful to gauge the average enthusiasm level of Wall Street analysts for that specific stock. According to the latest data, the consensus recommendation for Diamondback Energy, Inc. (FANG) is Outperform.

When it comes to quarterly financial results, publicly-traded companies usually post earnings and revenue figures that fall somewhat above or below the average Wall Street estimate. In the most recent quarterly financial report, for the quarter ending Jun. 2017, Diamondback Energy, Inc. (FANG) delivered a 2.13% surprise with its net revenue. Sales reached $0.27 billion during the three-month period, compared to the average analyst estimate of $0.26 billion.

Meanwhile, during the same quarter Diamondback Energy, Inc. (FANG) delivered a 37.47% earnings surprise. Net earnings for the quarter were posted at $1.25 per share, whereas Wall Street had forecast $0.91 per share.

Ownership at Diamondback Energy, Inc. (FANG), According to Most Recent SEC Filings

Investors can gain useful insight on institutional ownership within a public company by taking a look at the organization’s most recent 13F filings. Diamondback Energy, Inc. (FANG) has 0.1 billion shares outstanding currently, 105.18% of which belong to institutional investors. Those institutional holdings amount to $10.29 billion.

Additionally, according to the most recent 13F filing from Diamondback Energy, Inc. (FANG), there were 44 new positions totaling 1,293,131 shares of the company’s stock. There were 63 sold out positions, on the other hand, totaling 3,538,448 shares.

Short, Medium and Long Term Indicators

By looking at a stock’s average trade volume – in the short, medium, and long terms – we can gain a better understanding of investor sentiment and trading activity. Diamondback Energy, Inc. (FANG) has had a 20-day average volume of 974,415 shares, with an average of 20% of short term indicators pointed at Buy.

The stock’s 50-day average volume has been 1,017,558 shares, with an average of 25% of medium term indicators pointing toward Buy. Finally, its 100-day average volume is 1,289,876 shares with 67% of long-term indicators pointing to Buy.