Diamondback Energy Joins Elite List Of Stocks With A 98 Composite Rating

The IBD SmartSelect Composite Rating for Diamondback Energy (FANG) rose from 94 to 98 Thursday.


The new rating shows the stock is outpacing 98% of all stocks when it comes to the most important stock-picking criteria.

Diamondback Energy is not currently near a proper buy zone. See if the stock goes on to form a new base and offer a new buying opportunity as the industry group continues to move up.

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The stock sports a 94 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 94% of all stocks.

Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.

The company posted a 1,500% rise in earnings for Q2. It has now posted accelerating EPS gains for four consecutive quarters. Revenue growth increased 296%, up from 32% in the prior report. The company has now posted increasing growth in each of the last two reports.

Diamondback Energy holds the No. 2 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. Denbury Resources (DEN) is the top-ranked stock within the group.


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