For its third fiscal quarter (ending September 30), Diamondback Energy Inc (NASDAQ: FANG) has reported a -25% decline in E.P.S. from $6.72 a year ago to $5.07 in the current quarter. Relative to the consensus estimate of $4.99, this was a premium of $0.08. For the latest four quarters through September 30, E.P.S. were $17.63 compared to $24.55 a year ago — a decline of -28%.
Recent Price Action
Diamondback Energy Inc (NASDAQ: FANG) stock declined by -1.2% on 11/6/23. The shares closed at $160.14. Relative to the market the stock has been exceptionally strong over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, FANG is expected to continue to be an important 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 very high Power Rating of 89 and a very high Appreciation Score of 90, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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