FANG

With crude oil prices climbing amid geopolitical tensions, three major energy companies—Chevron, Diamondback Energy, and APA Corporation—are positioned to benefit from higher oil prices. Chevron reported 20% production growth and record refinery throughput, Diamondback generated $2.3 billion in free cash flow with raised 2026 guidance, and APA exceeded oil production guidance with $738 million in free cash flow. However, benefits depend on production volumes, operating costs, and hedging strategies.

Zacks Premium offers Style Scores (Value, Growth, Momentum, and VGM) as complementary indicators to the Zacks Rank system to help investors identify stocks with the highest probability of outperformance. The article recommends combining Zacks Rank #1 or #2 ratings with Style Scores of A or B for optimal returns. Diamondback Energy (FANG) is highlighted as a #2 Buy with an A VGM Score and strong growth prospects.

Diamondback Energy (FANG) is highlighted as a strong momentum pick with a Zacks Rank #2 (Buy) rating and Momentum Style Score of A. The stock has outperformed its industry peers with a 6.15% weekly gain and 43.86% yearly gain, supported by positive earnings estimate revisions over the past two months.