Goldman Sachs Adjusts Price Target on Diamondback Energy

Buy 5 Giant Oil Explorers to Tap the Northward Journey of Crude Prices

With crude oil prices surging 77-80% year-to-date due to geopolitical tensions in the Middle East, five major oil exploration and production companies are recommended as strong investment opportunities. Chevron, ExxonMobil, EOG Resources, Diamondback Energy, and ConocoPhillips are highlighted for their record production, operational efficiency, low-cost assets, and strong cash flow generation.

Stock of the Day: Where is the Top for Diamondback Energy?

Diamondback Energy is getting close to the $210 level where shares have found resistance six times in the past few months.

Shares of oil and gas-related companies are trading higher after reports suggesting that Iran placed its armed forced on high alert for 72 hours. Also, reports of an attempted Houthi strike on Saudi Arabia's Red Sea port of Yanbu and another Iranian strike on a vessel near the Strait of Hormuz may fuel concerns that high energy prices may persist and benefit the sector.