- Diamondback Energy tripled since November before pulling back a bit; some analysts now think the stock may have gotten ahead of itself.
- We see Diamondback Energy as priced on par with both the broader E&P sector and its narrower peer group.
- However, Diamondback Energy appears to have stronger operational metrics which could translate into better long-term cash flows.
- Aside from upcoming earnings updates or oil price movements, a credit rating upgrade could also be a potential trigger.
For further details see:
Diamondback Energy Is Reasonably Priced And Can Go Further