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Dow, TSX, Bitcoin climbOPEC surprise cuts, mixed stocksMonday stocks extend Friday lossesThis summary was created by AI, based on 3 opinions in the last 12 months.
Diamondback Energy, with symbol FANG-Q, has recently acquired a $26 billion company, which has bolstered its position in the Permian Basin. This move has garnered positive reviews, with experts suggesting buying opportunities on pullbacks. The company's shares saw a significant jump following the news of the acquisition, leading to a surge in market activity. Additionally, the company's strong free cash flow yield and predictions for WTI hitting its 50-day moving average provide optimistic outlooks for potential income and returns.
Shares jumped 9.38% on news that they will buy Endeavor for $26 billion. Other oil mergers didn't move the buying company's stock anything like this, so today's rally was a result of animal spirts gone wild in the market.
Has a 11% free cash flow yield. WTI is about to hit its 50-day moving average at $83. Sell the March $160 calls; 5 months out you get 5% income and 15% total return if it gets called away.
Just bought it. The energy in pullback was overdone. FANG offers secular growth, making good, strategic acquisitions and want to distribute 75% of their cash flow to investors through dividends and buybacks, plus a variable dividend. She bought around $139. China is not yet reflected in energy stocks, and today Russia announced energy output cuts.
Diamondback Energy is a American stock, trading under the symbol FANG-Q on the NASDAQ (FANG). It is usually referred to as NASDAQ:FANG or FANG-Q
In the last year, 3 stock analysts published opinions about FANG-Q. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Diamondback Energy.
Diamondback Energy was recommended as a Top Pick by on . Read the latest stock experts ratings for Diamondback Energy.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered Diamondback Energy In the last year. It is a trending stock that is worth watching.
On 2024-03-28, Diamondback Energy (FANG-Q) stock closed at a price of $198.11.
They just bought a $26 billion company taht strengthens their position in the Permian Basin. It's one of the strongest fundamental energy companies. Buy on pullback.