Is Diamondback Energy Stock a Buy?
Between 2012 and 2018, Diamondback Energy (NASDAQ: FANG) was one of the hottest oil stocks on the market, increasing by more than tenfold from its IPO price as the Permian Basin took center stage in the shale revolution. The past two years haven't been as kind, with Diamondback briefly falling below its IPO price earlier this year.
With shares down 67% so far in 2020, let's break down Diamondback's fundamentals to determine if the stock is a good buy now, or if investors are better off putting their money into other energy stocks.
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Source Fool.com
