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FANG - Diamondback Energy: Still Undervalued After A 330% Price Appreciation
Diamondback Energy Inc.
The current stock price of Diamondback Energy is significantly below the estimated intrinsic value of the common stock.
Oil and natural gas prices are expected to remain strong in the near term.
I am bullish on the FANG stock, and I believe it is undervalued for the following reasons: earnings yield higher than threshold value, strong debt-equity ratio, and comparing favorably vs. peers.