After Merrill Lynch and Northland Securities gave Diamondback (NASDAQ: FANG) a Buy rating last month, the company received another Buy, this time from Williams Capital. Analyst Gabriele Sorbara reiterated a Buy rating on Diamondback today and set a price target of $165. The company’s shares closed yesterday at $108.88.
According to TipRanks.com, Sorbara is ranked 0 out of 5 stars with an average return of -8.8% and a 35.3% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Extraction Oil & Gas, and Oasis Petroleum Inc.
Currently, the analyst consensus on Diamondback is a Strong Buy with an average price target of $161.56, implying a 48.4% upside from current levels. In a report issued on May 9, Oppenheimer also maintained a Buy rating on the stock with a $158 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $140.78 and a one-year low of $85.19. Currently, Diamondback has an average volume of 1.83M.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Diamondback Energy, Inc. is independent oil and natural gas company. The firm engages in the acquisition, development, exploration, and exploitation of unconventional, onshore oil, and natural gas reserves. It focuses on the Permian Basin. The company was founded in December 2007 and is headquartered in Midland, TX.
