From Nasdaq, Inc.:

The latest trading session saw Diamondback Energy (FANG) ending at $155.95, denoting a +0.08% adjustment from its last day’s close. The stock fell short of the S&P 500, which registered a gain of 0.18% for the day. Meanwhile, the Dow gained 0.07%, and the Nasdaq, a tech-heavy index, added 0.1%. The energy exploration and production company’s shares have seen an increase of 5.58% over the last month, surpassing the Oils-Energy sector’s gain of 1.79% and the S&P 500’s gain of 2.75%.

Market participants will be closely following the financial results of Diamondback Energy in its upcoming release. In that report, analysts expect Diamondback Energy to post earnings of $5.39 per share, marking year-over-year growth of 1.89%. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988.

Looking at its valuation, Diamondback Energy is holding a Forward P/E ratio of 7.48, which represents a premium compared to its industry’s average Forward P/E of 7.11. FANG currently has a PEG ratio of 0.34, below the industry average of 0.4. The Oil and Gas – Exploration and Production – United States industry is part of the Oils-Energy sector and currently has a Zacks Industry Rank of 240.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Make sure to utilize Zacks.com to follow all of these stock-moving metrics and more in the coming trading sessions. Additionally, Zack



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