Is Diamondback Energy Stock a Buy?
Oil prices have been red hot this year. West Texas intermediate, the primary U.S. oil price benchmark, has rallied about 30%, pushing it above $60 a barrel. That's driven up most oil stocks, with the average one in the S&P Oil & Gas Exploration & Production ETF -- an exchange-traded fund (ETF) that holds 50 oil stocks -- rallying more than 30% on the year.
Some oil stocks rocketed higher, including Diamondback Energy (NASDAQ: FANG), which has rallied about 60% this year. Here's a look at whether there's any gas left in the tank or if it's running on fumes.
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Source Fool.com
