Diamondback (FANG) Jumps: Stock Rises 6.4%
Diamondback Energy, Inc. FANG was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $99.84 to $105.91 in the past one-month time frame.
The company has seen a mixed track record when it comes to estimate revisions of three increase and three decrease over the past few weeks/months, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Diamondback currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Diamondback Energy, Inc. Price
Investors interested in the Oil and Gas - Exploration and Production - United States industry may consider Antero Resources Corporation AR, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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