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Benzinga

Business

Henry Khederian

FORGOTTEN HISTORY: Why diamondback energy shares are rising - Caught on Camera

Diamondback Energy Diamondback Energy Inc Nasdaq

Diamondback Energy Inc (NASDAQ:FANG) shares are trading higher by 5.62% at $134.66 after the company reported better-than-expected first-quarter EPS results and raised its quarterly dividend.

Diamondback Energy reported quarterly earnings of $5.20 per share which beat the analyst consensus estimate of $4.51. This EPS figure represents a marked increase over earnings of $2.30 per share from the same period last year. Revenue was up $1.22 billion from the same period last year.

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