Overall market sentiment has been high on Diamondback Energy Inc (FANG) stock lately. FANG receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With FANG Stock Today?
Diamondback Energy Inc (FANG) stock has gained 3.96% while the S&P 500 has fallen -0.17% as of 10:08 AM on Thursday, Mar 4. FANG has risen $2.95 from the previous closing price of $74.44 on volume of 485,737 shares. Over the past year the S&P 500 is higher by 26.96% while FANG has risen 25.31%. FANG lost -$29.73 per share in the over the last 12 months.
To see the top 5 stocks in the Oil & Gas E&P industry click here.
More About Diamondback Energy Inc
Diamondback Energy is an independent oil and gas producer in the United States. The company operates exclusively in the Permian Basin. At the end of 2019, the company reported net proven reserves of 1.1 billion barrels of oil equivalent. Net production averaged about 283,000 barrels per day in 2019, at a ratio of 66% oil, 18% natural gas liquids, and 16% natural gas.
Click Here to get the full Stock Score Report on Diamondback Energy Inc (FANG) Stock.
