This is How to Play Diamondback (FANG) Ahead of Q1 Earnings

With crude prices spiking over the last few months, there is much anticipation for Diamondback Energy’s (FANG) first-quarter results, which are set to be released on Apr 30. Let’s check if now is indeed an opportune time to buy the stock.Quarterly Projections & Earnings HistoryFollowing the recent surge in oil prices, Diamondback is expecting improvement in its Q1 top and bottom lines from the year-ago period. FANG’s Q1 earnings per share (EPS) are forecast to increase 4.2% to $4.27 compared with EPS of$4. ...