Eye-Catching Hot Stock: Diamondback Energy (NASDAQ: FANG)

On Friday, Shares of Diamondback Energy (NASDAQ: FANG) showed the bullish trend with a higher momentum of 1.04% to $100.15. The company traded total volume of 9,616 shares as contrast to its average volume of 1.83M shares. The company has a market value of $16.66B and about 168.06M shares outstanding.

Diamondback Energy Inc. (FANG) stated fourth-quarter profit of $306.70M. The Midland, Texas-based company said it had profit of $2.50 per share. Earnings, adjusted for non-recurring gains, came to $1.21 per share. The results did not meet Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $1.62 per share.

The energy exploration and production company posted revenue of $633.10M in the period, which also did not meet Street forecasts. Twelve analysts surveyed by Zacks expected $663.20M.

For the year, the company stated profit of $845.70M, or $8.06 per share. Revenue was stated as $2.180B.

The Company offered net profit margin of 38.90% while its gross profit margin was 80.00%. ROE was recorded as 11.00% while beta factor was 0.82. The stock, as of recent close, has shown the weekly downbeat performance of -9.57% which was maintained at 6.93% in this year.

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Winfred Marion

I am Winfred Marion and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Digital Wall with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Basic Materials” category. <strong>Address:</strong> 2614 Kincheloe Road, Tigard, OR 97223, USA <strong>Phone:</strong> (+1) 503-443-0752 <strong>Email:</strong> [email protected]

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