Alert: Negative Investment/Fundamental Signals (12/22/23)-Diamondback Energy Inc (NASDAQ: FANG)


Diamondback Energy Inc (NASDAQ: FANG). Extremely important negative changes in investment behavior have recently occurred: negative upside/downside volume developed, and its shorter term price trend turned down.

Diamondback Energy Inc (NASDAQ: FANG). Meaningful negative changes in fundamentals have recently occurred: the consensus estimate for December, 2024 decreased significantly, and significant quarterly earnings deceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.


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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. DiamonDBAck Energy has a very high Power Rating of 88 and a very high Appreciation Score of 91, leading to the Highest Value Trend Rating.

Recent Price Action

Diamondback Energy Inc (NASDAQ: FANG) stock rose slightly by 0.08% on 12/22/23. The stock closed at $156.39. However, trading volume in this advance was below average at 68% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.9% during the last week.

Be the first to comment

Leave a Reply

Your email address will not be published.