Diamondback Energy I
FANG
Delayed Nasdaq - 06/15 10:00:00 pm
115.58USD
-0.32%

Attractive timing with a long term view to go long again

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Anas Lozach
Analyst

Strategy published on : 06/11/2018 | 15:36

long trade
Live

Entry price : 114.1$
Target : 128$
Stop-loss : 106.8$
Potential : 12.18%

After several weeks of decline, shares in Diamondback Energy Inc are approaching an important technical support area around 107.54 USD on the weekly chart. These levels represent attractive entry points.
Investors have an opportunity to buy the stock and target the $ 128.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.


Strengths

● The share is getting closer to its long-term support in weekly data, at USD 107.54, which offers good timing for buyers.

● Share prices are approaching a strong support area in daily data, which offers good timing for investors.

● According to sales estimates from analysts polled by Thomson-Reuters, the company is among the best with regard to growth.

● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.

● Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.

● The stock is in a well-established, long-term rising trend above the technical support level at 107.54 USD


Weaknesses

● Based on current prices, the company has particularly high valuation levels.

● The company is not the most generous with respect to shareholders' compensation.

Zonebourse.com 2018
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