Better Oil Stock: ConocoPhillips vs. Diamondback Energy
ConocoPhillips (NYSE: COP) and Diamondback Energy (NASDAQ: FANG) are two of the largest independent exploration production (E) companies (i.e., oil companies without integrated refining assets). Their large-scale operations and high-quality resource positions enable them to generate lots of cash. That gives them the funds to reinvest in expanding their operations and return money to shareholders via dividends and share repurchases.
Here's a look at which is the better oil stock to buy right now.
Image source: Getty Images.
Source Fool.com
Diamondback Energy Stock
€149.34
0.700%
The stock is one of the favorites of our community with 57 Buy predictions and 1 Sell predictions.
With a target price of 161 € there is a slightly positive potential of 7.81% for Diamondback Energy compared to the current price of 149.34 €.
