Why did Jim Cramer return to discussing Diamondback Energy?

Due to oil prices rising to $96 per barrel, making energy stocks more attractive.

Did Jim Cramer recommend buying the stock?

He did not give an explicit recommendation but noted positive aspects like strong assets and attractive valuation.

How did the oil price rise affect Diamondback stock?

The stock rose about 12% over the past month due to the oil price surge.

Jim Cramer Returns to Diamondback Energy as Oil Hits $96

Jim Cramer has returned to discussing Diamondback Energy (FANG) as oil prices touch $96 per barrel. The stock has gained attention amid rising crude prices.

June 14, 2026

2 min read

Source: Insider Monkey

Key Numbers

oil price

$96

Jim Cramer, the well-known financial commentator, has turned his attention back to Diamondback Energy (NASDAQ:FANG) as oil prices surged to $96 per barrel. The oil and gas exploration and production company has seen renewed investor interest.

Details of the Commentary

Cramer did not issue a buy or sell recommendation but noted that Diamondback Energy has strong assets in the Permian Basin and that higher oil prices boost its cash flows. He also mentioned that the stock trades at attractive multiples compared to peers.

Context

The comments come after crude oil prices breached $95 per barrel for the first time in months, driven by OPEC+ production cuts and rising global demand. Diamondback Energy shares have risen about 12% over the past month.

What This Means for Investors

Cramer's renewed focus on the stock could attract retail investors to Diamondback Energy, especially in the current high-oil-price environment. However, the stock remains sensitive to oil price volatility and any changes in regulatory or economic policies.

Frequently Asked Questions

Diamondback Energy (FANG) is a U.S. oil and gas exploration and production company with assets primarily in the Permian Basin.

Found this useful? Share it

This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.