Name of opportunity: 👀
Diamondback Energy, Inc
High dividend yield 🙌
Diamondback Energy saw an increase in price late last week, and analysts have predicted future growth for the stock. Uncertainty surrounding global trade might have impacted this stock over the recent weeks, but analysts are calling this stock a ‘buy’ currently.
Diamondback Energy is an income stock, which means it's a company that has made a profit and pays out a significant portion of its profit to shareholders through dividends.
Diamondback has a high dividend yield of 6.15%, which means if you invested $1000 you might be paid $61.50 a year in dividends (based on the last 12 months). This stock might be a great choice for investors who prioritise dividend stocks.
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of Diamondback Energy, Inc. might increase from $134.83 to $215.90 in the next 12 months. If you invested $1000, you might profit $601.25.
Stocks with high dividend yields like Diamondback Energy might be a great choice for investors looking to earn income through dividend payments. This is one of the reasons why Diamondback Energy might be a great investment choice, coupled with the expectation of future growth and its current solid financial performance.
Diamondback Energy struck a deal to acquire certain subsidiaries of Double Eagle Energy back in February, which closed in April. Analysts have said the deal will make Diamondback Energy the second largest producer in the Midland basin, with the company acquiring 40,000 net acres.
Certain sectors within the energy industry, such as liquified natural gas are bullish. This might be another reason why this stock might be a good addition to your portfolio.
Independent oil & gas company 🛢️
Diamondback Energy is an American independent oil and natural gas company focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves. The company is headquartered in Midland, Texas, United States.
Which neme?: 🔍
‘Oil & Gas’, ‘7 Stocks with Dual Potential’.
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