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Stock Charts AI Power Rank: 7.2
Power Rank trend -> Falling
07/26/2024 16:00:00 EST
Diamondback Energy Inc (FANG)
Industry: Oil & Gas E&P
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, FANG has been trading in a range between $210.94 and $198.36 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
The AI powered stock chart is in a Yellow zone which means the stock is transitioning zones. We would avoid this stock currently.
Upside / Downside Potential
Diamondback Energy Inc $FANG entered a Yellow zone 1 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $180.5, a potential down side of -10.09% from the recent price of 200.76. The stock is trading 6.84% (potential upside) below its 52 week high of $214.50 and 47.22 % (potential downside) above its 52 week low of $136.37 - based on the recent price.
Company Summary
Diamondback Energy, Inc, an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.
News
| Diamondback Energy (FANG) Ascends While Market Falls: Some Facts to Note Diamondback Energy (FANG) reachead $198.83 at the closing of the latest trading day, reflecting a +0.24% change compared to its last close. Source: Zacks Investment Research Wed, 24 Jul 2024 19:20:45 -0400 Sentiment: Neutral |
| Looking For Energy Dividends? Don't Sleep On Diamondback Energy Goldman Sachs expects peak oil demand to be another decade away. Diamondback Energy's strategic growth in the Permian Basin positions it as a top producer with significant growth opportunities. FANG's efficient operations, cost-saving measures, and attractive cash return strategy make it a compelling investment in the current oil price environment. Source: Seeking Alpha Sun, 21 Jul 2024 11:05:11 -0400 Sentiment: Positive |
| How to Find the Best Oil Stocks to Buy Higher demand and lower inventories should help the top-rated oil stocks outperform. Source: Kiplinger Thu, 18 Jul 2024 13:31:02 -0400 Sentiment: Positive |
| 7 High-Yield Dividend Stocks Beating Inflation At this writing, current inflation rate is 3% over the past 12 months. That's the reading as of the end of June. Source: InvestorPlace Tue, 16 Jul 2024 14:00:00 -0400 Sentiment: Positive |
| This High-Yield Dividend Stock Beat the S&P 500 in the First Half of 2024. Is It Still a Buy? A relatively high price of oil is helping exploration and production companies generate plenty of cash. Many oil companies, Diamondback Energy included, have taken advantage of attractive valuations to buy assets. Source: The Motley Fool Sun, 14 Jul 2024 06:35:00 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 214.5 52 Week Low: 136.3696 Beta: 1.889 50 Day MA: 197.9158 200 Day MA: 178.4085 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.102 Qtr Revenue Growth YOY: 0.174 Forward PE: 11.5207 Trailing PE: 11.2627