3 Oil Stocks to Buy Hand Over Fist in March
Crude oil prices have quietly had a strong start to the year. WTI, the primary U.S. oil price benchmark, is up more than 10% to around $80 a barrel. That's oil's best level since November and well above its recent bottom of around $68 a barrel in December.
Crude oil has gotten a boost from OPEC, which once again agreed to extend its production cuts, this time through the middle of the year. The group of oil-producing nations will likely continue supporting oil prices by curbing its production.
That's great news for oil stocks, which should generate gushing cash flows this year. Chevron (NYSE: CVX), Diamondback Energy (NASDAQ: FANG), and Devon Energy (NYSE: DVN) stand out as some of the best ways to cash in on the currently strong oil market. Their low valuations and shareholder-friendly capital return strategies make them great oil stocks to buy this month.
Source Fool.com
Diamondback Energy Stock
The stock is one of the favorites of our community with 55 Buy predictions and 1 Sell predictions.
With a target price of 189 € there is a slightly positive potential of 1.15% for Diamondback Energy compared to the current price of 186.86 €.