Midland, Texas-based Diamondback Energy, Inc. (FANG) is an independent oil and natural gas company with a market cap of $56.3 billion. It acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves.
This energy company has considerably outperformed the broader market over the past 52 weeks. Shares of FANG have soared 43.4% over this time frame, while the broader S&P 500 Index ($SPX) has soared 25.2%. Moreover, on a YTD basis, the stock is up 35.4%, compared to SPX’s 8.1% rise.
