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
€160.48
0.520%
With 70 Buy predictions and not a single Sell prediction Diamondback Energy is an absolute favorite of our community.
As a result the target price of 171 € shows a slightly positive potential of 6.56% compared to the current price of 160.48 € for Diamondback Energy.
