Right time to invest? – Wynn Resorts Limited (WYNN), Diamondback Energy Inc. (FANG)

You should consider shares of Wynn Resorts Limited (NASDAQ:WYNN) and Diamondback Energy Inc. (NASDAQ:FANG) if you are looking for a great stocks to invest in. Starting with the WYNN shares, which traded at $116.60 at the close of the recent session, dropping -2.34%. On Tuesday, the company’s shares shed -$2.79 from its value which represented in intraday trading. The stock is now 6.58% higher in year-to-date (YTD) trading. WYNN’s intraday high was $116.87 while its lowest price touched $114.02. The stock’s 52-week high price is $151.50, which means the current price is at -23.04%. In terms of trading activity, the daily trading volume fell to 1856914 against 200-day average trading volume of 1,968,401 shares.

What are analyst forecasts for Wynn Resorts Limited (NASDAQ:WYNN)?

At a consensus rating of 4.45, WYNN is trending as a streaking Strong Buy, as it has been the case a month ago when 13 analysts called it a Moderate Buy. Two months ago, 13 analysts recommended, on average, that WYNN stock is a Moderate Buy. The Services company’s shares’ overall bearish trend saw it close higher on Tuesday compared to its opening price of $116.70 on the day.

Forecasts for Wynn Resorts Limited (NASDAQ:WYNN) give the stock a fair value for the growth of 15.51% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $138.00, which means the price per share could rise by nearly $21.4. The price range target is between a low of $117.00 and a high of $157.00. The stock would need to gain by about $25.73 to hit the estimated high or 0.77% from its 12-month low.

The consensus among 18 analysts is that it is a good time for one to Overweight in the Wynn Resorts Limited. 9 analysts rate WYNN as a Buy, with 0 of 18 analysts rate it as a Sell. 2 have valued the stock as Overweight and 7 have recommended that investors Hold.

Wynn Resorts Limited (NASDAQ:WYNN) Upgrades and Downgrades

In terms of rating changes, Goldman on September 24, 2019, Upgrade Wynn Resorts Limited (WYNN) at Buy. They believe the stock could reach $155 in the near term. Analysts at Telsey Advisory Group have assigned a Market Perform rating for the stock in their research note on May 10, 2019 with an estimated price target of $120. Moreover, BofA/Merrill analysts issued a rating of Buy for the stock on April 25, 2019, giving it a price target of $165 for the next 12 months. On April 17, 2019, the stock earned a Neutral rating due to an analyst call from BofA/Merrill, while analysts from Goldman on April 11, 2019 suggested that the stock is Neutral.

Diamondback Energy Inc. (NASDAQ:FANG) adds -$0.97 on Tuesday

The FANG stock has tanked -17.03% year-to-date and is currently trading at $76.91, which is -33.68% below its 52-week high. The company shares lost -1.25% on the day and have risen nearly 5.10% off a low hit. At current levels, Diamondback Energy Inc. has a valuation of about $3.49B. As of 12/03/19, this stock has fallen -0.29% during the week and closed at $77.88 in the previous session. However, recent Diamondback Energy Inc. stock performance shows that FANG shares are -11.38% down over the last month, and -21.38% down for the last three months.

Earnings per share (EPS) estimates for the current quarter are $1.62, with the trailing 12-month share earnings at $6.92. The ratio is expected to be up by 8.70% for the current year 2019 and 38.20% for next year. Over the next 5-year period, earnings per share will be 18.33%. But will the FANG stock surprise in the current quarter results, where the $1.47 actual EPS reported on 9/29/2019 surprised by -15.50% or was lower by -$0.27 from the estimated $1.74.

Sales Growth to climb 22.20% for the year

How well will Diamondback Energy Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $1.02B and $1.14B in current quarter sales. The consensus estimated for the current quarter is $1.08B from sales. Forecasts for this fiscal year are between $3.85B and $4.1B and the consensus estimate for sales is at $3.97B. FANG has its next quarter sales estimates at between $1.04B and $1.25B, with the quarter-over-quarter growth estimates at 31.50% and the annual growth forecast for the year at 22.20%.

Who owns shares in Diamondback Energy Inc. (FANG)?

Let’s briefly focus on the share ownership of the Diamondback Energy Inc. (NASDAQ:FANG) stock, where we find that 100.91% of shares are held by institutions. Vanguard Group, Inc. (The) tops the list of institutional owners as it is holding 18.26 million shares or 11.38% of shares outstanding. Capital Research Global Investors and JP Morgan Chase & Company held 14.19 million and 13.16 million representing 8.84% and 8.20% respectively at the close of the last trading session. As of Sep 29, 2019, Blackrock Inc. accounted for 11.1 million shares at over 997.87 million. This represented 6.92% of shares outstanding. Wellington Management Company, LLP held 8.0 million shares at over 719.69 million representing 4.99% of shares outstanding.

FANG Insider Activity

Insider activity can also give a signal in terms of price direction. Looking at Diamondback Energy Inc. (FANG), a total of 25500 shares have been sold by insiders over the last 6 months while 13336 shares were added in the same time span. On 2/22/2019, Chief Executive Officer by the name Stice Travis D sold 34012.0 shares worth $3.5 million at the price of $102.14 per share. Filings also show that Hollis Michael L sold a total of 10382.0 shares on 2/22/2019 valued at $1.1 million. Since the last insider activity, the company’s share price has dropped -25.14%.