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Diamondback Energy Gains As Market Dips: What You Should Know
In the latest trading session, Diamondback Energy (NASDAQ: FANG) closed at $206.23, marking a +0.34% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.95%. Elsewhere, the Dow saw a downswing of 1.09%, while the tech-heavy Nasdaq depreciated by 0.84%.
Prior to today's trading, shares of the energy exploration and production company had gained 11.39% over the past month. This has outpaced the Oils-Energy sector's gain of 8.7% and the S&P 500's gain of 1.78% in that time.
The investment community will be closely monitoring the performance of Diamondback Energy in its forthcoming earnings report. The company is scheduled to release its earnings on April 30, 2024. It is anticipated that the company will report an EPS of $4.31, marking a 5.12% rise compared to the same quarter of the previous year. Meanwhile, the Zacks ...