From Nasdaq: 2025-06-16 03:41:00

Diamondback Energy (FANG) shares surged 3.7% to close at $154.91, driven by high volume and a 5.2% gain over the past four weeks. A credit agreement amendment with Wells Fargo boosted confidence. Rising tensions in the Middle East raised oil prices, benefiting U.S. shale producers like Diamondback.

Expected to report quarterly earnings of $2.72 per share, a -39.8% change YoY, with revenues of $3.41 billion, up 37.2%. Despite negative EPS estimate revisions, FANG stock holds a Zacks Rank #3. Comstock Resources (CRK) closed 1.1% lower at $25.33, with a consensus EPS estimate of $0.16, representing a +180% change YoY.

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Read more at Nasdaq: Diamondback (FANG) Surges 3.7%: Is This an Indication of Further Gains?