Today's Post-Market Loser: Diamondback Energy (FANG)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Diamondback Energy ( FANG) as a post-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Diamondback Energy as such a stock due to the following factors:

  • FANG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $74.7 million.
  • FANG is down 9.8% today from today's close.

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More details on FANG:

Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. FANG has a PE ratio of 42.6. Currently there are 14 analysts that rate Diamondback Energy a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Diamondback Energy has been 1.2 million shares per day over the past 30 days. Diamondback Energy has a market cap of $4.3 billion and is part of the basic materials sector and energy industry. Shares are up 47.9% year-to-date as of the close of trading on Tuesday.

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