For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why This 1 Growth Stock Should Be On Your Watchlist
Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Diamondback Energy (FANG)
Founded in 2007, Midland, TX-headquartered Diamondback Energy, Inc. is an independent oil and gas exploration & production company with its primary focus on the Permian Basin, where it has around 423,000 net acres. Its activities are concentrated in the Wolfcamp, Spraberry and Bone Spring formations.
FANG boasts a Growth Style Score of A and VGM Score of A, and holds a Zacks Rank #2 (Buy) rating. Its bottom-line is projected to rise 128.4% year-over-year for 2022, while Wall Street anticipates its top line to improve by 44.8%.
Six analysts revised their earnings estimate higher in the last 60 days for fiscal 2022, while the Zacks Consensus Estimate has increased $0.44 to $26.10 per share. FANG also boasts an average earnings surprise of 7%.
Looking at cash flow, Diamondback Energy is expected to report cash flow growth of 83.4% this year; FANG has generated cash flow growth of 59.2% over the past three to five years.
Investors should take the time to consider FANG for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
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Diamondback Energy, Inc. (FANG) : Free Stock Analysis Report
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