Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Diamondback Energy Inc (NASDAQ: FANG) rose significantly of late. FANG’s current Value Trend Rating is A and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Diamondback Energy Inc (NASDAQ: FANG) stock closed at $185.17 on 3/1/24 after an increase of 1.5%. NORMAL trading volume accompanied the advance. The stock has risen 4.8% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
FANG is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
DiamonDBAck Energy has a current Value Trend Rating of A (Highest Rating). This VT Rating rose significantly in recent days from C previously. The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. DiamonDBAck Energy has a good Power Rating of 73 and a good Appreciation Score of 75, with the Highest Value Trend Rating the result.
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