In Good Financial Health? – Diamondback Energy Inc. (FANG), Steel Dynamics Inc. (STLD)

You should consider shares of Diamondback Energy Inc. (NASDAQ:FANG) and Steel Dynamics Inc. (NASDAQ:STLD) if you are looking for a great stocks to invest in. Starting with the FANG shares, which traded at $91.31 at the close of the recent session, gaining 0.05%. On Wednesday, the company’s shares shed $0.05 from its value which represented in intraday trading. The stock is now -1.67% lower in year-to-date (YTD) trading. FANG’s intraday high was $91.72 while its lowest price touched $89.57. The stock’s 52-week high price is $114.14, which means the current price is at -20.00%. In terms of trading activity, the daily trading volume fell to 1536208 against 200-day average trading volume of 1,888,567 shares.

What are analyst forecasts for Diamondback Energy Inc. (NASDAQ:FANG)?

At a consensus rating of 4.82, FANG is trending as a streaking Strong Buy, as it has been the case a month ago when 23 analysts called it a Strong Buy. Two months ago, 24 analysts recommended, on average, that FANG stock is a Strong Buy. The Basic Materials company’s shares’ overall bullish trend saw it close higher on Wednesday compared to its opening price of $90.77 on the day.

Forecasts for Diamondback Energy Inc. (NASDAQ:FANG) give the stock a fair value for the growth from its last price.

Diamondback Energy Inc. (NASDAQ:FANG) Upgrades and Downgrades

In terms of rating changes, Imperial Capital on January 14, 2020, Reiterated Diamondback Energy Inc. (FANG) at Outperform. They believe the stock could reach $110 in the near term. Analysts at Johnson Rice have assigned a Accumulate rating for the stock in their research note on November 19, 2019. Moreover, Imperial Capital analysts issued a rating of Outperform for the stock on November 07, 2019, giving it a price target of $88 for the next 12 months. On November 07, 2019, the stock earned a Perform rating due to an analyst call from Oppenheimer, while analysts from RBC Capital Mkts on July 18, 2019 suggested that the stock is Outperform.

Steel Dynamics Inc. (NASDAQ:STLD) adds -$0.58 on Wednesday

The STLD stock has tanked -2.98% year-to-date and is currently trading at $33.03, which is -16.07% below its 52-week high. The company shares lost -1.74% on the day and have risen nearly 31.97% off a low hit. At current levels, Steel Dynamics Inc. has a valuation of about $11.02B. As of 01/15/20, this stock has fallen -2.47% during the week and closed at $33.61 in the previous session. However, recent Steel Dynamics Inc. stock performance shows that STLD shares are -4.77% down over the last month, and 9.79% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are $1.21, with the trailing 12-month share earnings at $3.64. The ratio is expected to be down by -44.80% for the current year 2019 and -7.60% for next year. Over the next 5-year period, earnings per share will be -25.36%. But will the STLD stock surprise in the current quarter results, where the $0.69 actual EPS reported on 9/29/2019 surprised by 0.00% or was lower by $0 from the estimated $0.69.

Sales Growth to decline -4.10% for the year

How well will Steel Dynamics 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 $2.16B and $2.45B in current quarter sales. The consensus estimated for the current quarter is $2.33B from sales. Forecasts for this fiscal year are between $10.28B and $10.56B and the consensus estimate for sales is at $10.44B. STLD has its next quarter sales estimates at between $2.39B and $2.55B, with the quarter-over-quarter growth estimates at -12.20% and the annual growth forecast for the year at -4.10%.

Who owns shares in Steel Dynamics Inc. (STLD)?

Let’s briefly focus on the share ownership of the Steel Dynamics Inc. (NASDAQ:STLD) stock, where we find that 85.92% of shares are held by institutions. Blackrock Inc. tops the list of institutional owners as it is holding 21.91 million shares or 10.17% of shares outstanding. Vanguard Group, Inc. (The) and State Street Corporation held 19.71 million and 8.56 million representing 9.15% and 3.97% respectively at the close of the last trading session. As of Sep 29, 2019, Dimensional Fund Advisors LP accounted for 5.72 million shares at over 170.43 million. This represented 2.65% of shares outstanding. Shaw D.E. & Co., Inc. held 5.65 million shares at over 168.23 million representing 2.62% of shares outstanding.

STLD Insider Activity

Insider activity can also give a signal in terms of price direction. Looking at Steel Dynamics Inc. (STLD), a total of 500 shares have been sold by insiders over the last 6 months while 58181 shares were added in the same time span. On 3/15/2019, President & Chief Executive Officer by the name Millett Mark D sold 58678.0 shares worth $2.0 million at the price of $34.66 per share. Filings also show that Wagler Theresa E sold a total of 25283.0 shares on 3/15/2019 valued at $876300.0. Since the last insider activity, the company’s share price has dropped -5.97%.