Reported 1 day ago
Diamondback Energy, Inc. (FANG), an independent oil and gas exploration company based in Texas, has faced a significant drop in stock value, declining 30.3% from its 52-week high and underperforming the Energy Select Sector SPDR Fund in recent months. Despite reporting strong Q2 results that exceeded Wall Street expectations, FANG's shares have dipped 14.8% year-to-date. Analysts remain optimistic, with a consensus 'Strong Buy' rating and a potential upside price target suggesting a rebound in the future.
Source: YAHOO