Analyst: Oil Stock Boasts Clear Positive Event Path

While oil stocks rise across the board amid escalating tensions in the Middle East, Diamondback Energy Inc (NASDAQ:FANG) stock is getting an extra boost, up 2.8% to trade at $182.44, after Barclays upgraded the oil equity to "overweight" from "equal weight." The analyst in coverage noted the company has one of the "clearest positive event paths," pointing towards its $26 billion acquisition of Endeavor Energy. Diamondback Energy stock opened today's session at $183, and is testing a channel of lower lows si ...