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Diamondback Energy (FANG) is up nearly 30% over the past year and is trading near all-time highs.
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FANG maintains a 100% “Buy” technical opinion at Barchart.
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This company. This stock also pays a dividend of 2.09%.
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Geopolitical risks favor FANG, but volatility warrants stop-loss strategies to protect profits.
With a valuation of $56.78 billion, Diamondback Energy (FANG) is a privately held oil and gas exploration and production company, with a focus on the Permian Basin. The upstream operator is focused on growth through a combination of acquisitions and active drilling in America’s hottest and least expensive space.
I found today’s Daily Chart by using Barchart’s powerful analytical functions to organize stocks with the highest technical buy signals; high current intensity in both power and direction; and the Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts to get consistent price appreciation. FANG checks those boxes. As Trend Seeker issued a new “buy” on Jan. 28, FANG stock rose 24.84%.
Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and therefore may change each day as the market fluctuates. Therefore the indicator numbers shown below may not match what you see live on the Barchart.com website when you read this report. These technical indicators form a Barchart View for a particular stock.
Diamondback hit a 52-point high of $204.91 on March 27.
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Diamondback has a Cropped Alpha of +67.85.
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FANG has a 100% “Buy” rating on Barchart.
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The stock has gained 27.1% over the past 52 weeks.
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Diamondback has a strong “Buy” Trend Seeker signal.
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The stock recently traded at $199.02 with a 50-day moving average of $173.72.
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FANG made 9 new highs and gained 15.03% in the past month.
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The Relative Strength Index (RSI) is at 71.37.
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There is a technical support level around $200.56.
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56.78 billion market cap.
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16.81x trailing price ratio.
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paid a dividend of 2.09 %.
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Revenue is expected to grow by 1.98% this year and another 0.50% next year.
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The salary is estimated at 2.22% this year and will increase by 7.92% next year.
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Wall Street analysts followed by Barchart have given the stock 27 “Strong Buy,” 3 “Average Buy,” and 4 “Hold” opinions with price targets between $171 and $266.
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Value Line does not rate the stock but has a price target of $142 to $276.
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CFRA’s MarketScope rates the stock a “Hold.”
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Morningstar thinks the stock is reasonably priced.
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397 investors who follow the stock on The Motley Fool think it will outperform the market while 88 think it won’t.
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47,800 investors follow the stock at Seeking Alpha which they rate as “Hold.”
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Short interest is 3.05% of the float with 3.57 days to close the float.
Bad news for the Middle East is good news for energy stocks, especially those that are wholly owned by the US like Diamondback. The company is a good investment if there is conflict in the Middle East, but since no one knows how long the Iran War will last, please use stop losses to protect profits.
Additional disclosure: The Daily Barchart highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly recommended that you follow a predetermined diversification and stop loss discipline that is consistent with your investment risk tolerance.
As of the date of publication, Jim Van Meerten did not have (directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is for informational purposes only. This article was originally published on Barchart.com
