Diamondback Energy (FANG) stock rises slightly, outperforms Nasdaq but lags behind S&P 500.

From Nasdaq: 2024-10-11 18:15:22

In the most recent trading session, Diamondback Energy (FANG) closed at $194.96, reflecting a +0.46% shift from the previous day, underperforming the S&P 500 and Dow, but outpacing the Nasdaq. Over the past month, FANG shares rose 13.58%, beating the Oils-Energy sector and S&P 500 gains.

Investors await Diamondback Energy’s earnings report on November 4, 2024. Estimations project earnings of $4.59 per share, a 16.39% drop year-over-year, with revenue expected to be $2.41 billion, a 3.16% increase. Analysts’ improved outlook on the company’s profitability indicates potential stock price movement.

Diamondback Energy currently holds a Zacks Rank of #3 (Hold) with a Forward P/E ratio of 10.12, along with a PEG ratio of 1.21. The Oil and Gas industry, part of the Oils-Energy sector, ranks in the bottom 5% of industries. Monitoring these metrics alongside the Zacks Industry Rank may guide investment decisions.

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Read more at Nasdaq: Diamondback Energy (FANG) Rises But Trails Market: What Investors Should Know