Why Diamondback Energy (FANG) Outpaced the Stock Market Today

From a valuation perspective, Diamondback Energy is currently exchanging hands at a Forward P/E ratio of 9.96. This valuation marks a premium compared to its industry's average Forward P/E of 9.28. The most recent trading session ended with Diamondback Energy (FANG) standing at $193.97, reflecting a +1.93% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 0.26% for the day. Elsewhere, the Dow gained 0.18%, while the tech-heavy Nasdaq added 0.35%. Shar ...