Composite Rating For Diamondback Energy Rises To 96
On Tuesday, Diamondback Energy got an upgrade for its IBD SmartSelect Composite Rating from 93 to 96.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they kick off a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Diamondback Energy is not currently near a proper entry. See if the stock goes on to form a new chart pattern and offer a new buying opportunity.
The stock sports a 94 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 94% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
The company posted 1,500% earnings-per-share growth for Q2. That means it's now delivered four straight quarters of rising EPS gains. Sales growth increased 296%, up from 32% in the prior report. The company has now posted accelerating growth in each of the last two reports.
Diamondback Energy holds the No. 3 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. Denbury Resources is the No. 1-ranked stock within the group.