Is Diamondback Energy Inc (FANG) a Stock to Watch After Gaining 16.00% This Week?

Diamondback Energy Inc (FANG) stock is higher by 16.00% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Diamondback Energy Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on FANG!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With FANG Stock Today?

Diamondback Energy Inc (FANG) stock is trading at $151.13 as of 12:54 PM on Friday, May 27, an increase of $4.70, or 3.21% from the previous closing price of $146.43. The stock has traded between $145.46 and $151.16 so far today. Volume today is low. So far 1,426,844 shares have traded compared to average volume of 2,654,444 shares. To see InvestorsObserver's Sentiment Score for Diamondback Energy Inc click here.

More About Diamondback Energy Inc

Diamondback Energy is an independent oil and gas producer in the United States. The company operates exclusively in the Permian Basin. At the end of 2021, the company reported net proven reserves of 1.8 billion barrels of oil equivalent. Net production averaged about 375,000 barrels per day in 2021, at a ratio of 60% oil, 20% natural gas liquids, and 20% natural gas. Click Here to get the full Stock Report for Diamondback Energy Inc stock.