Diamondback Energy Surges 1.32% on 55% Volume Spike, Ranks 292nd as High-Momentum Stock Outpaces Slumping Energy Sector

On July 29, 2025, Diamondback Energy (FANG) surged 1.32% to $152.50, with a trading volume of $0.39 billion—a 55.33% increase from the prior day—ranking 292nd in market activity. The stock outperformed broader benchmarks as the S&P 500 and Dow Jones both declined. Analysts highlighted FANG’s 9.55% monthly gain, outpacing the 3.2% rise in the energy sector. The company is set to release Q2 earnings on August 4, with estimates forecasting a 41.81% year-over-year drop in EPS to $2.63 but a 35.85% revenue increase to $3.37 billion. Recent revisions to earnings estimates have pushed the 30-day Zacks Consensus EPS estimate up 2.4%, though the stock retains a Zacks Rank of #3 (Hold).

Raymond James raised its price target for FANG to $221 from $204, maintaining a Buy rating, citing the company’s proximity to key production milestones. Conversely, insider sales over the past year and bearish signals from hedging activities among peer companies like Devon Energy (DVN) suggest mixed sentiment. The stock’s forward P/E of 11.24 aligns with the industry average, while the energy sector’s Zacks Industry Rank of 175 places it in the bottom 30% of all industries, reflecting broader sector challenges.

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