Williams Capital analyst Gabriele Sorbara reiterated a Hold rating on Diamondback (NASDAQ: FANG) on May 21 and set a price target of $153. The company’s shares closed yesterday at $132.23, close to its 52-week high of $138.14.
According to TipRanks.com, Sorbara is a 4-star analyst with an average return of 4.7% and a 56.1% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Extraction Oil & Gas, and Oasis Petroleum Inc.
Diamondback has an analyst consensus of Strong Buy, with a price target consensus of $155.25.
See today’s analyst top recommended stocks >>
Diamondback’s market cap is currently $13.04B and has a P/E ratio of 25.63. The company has a Price to Book ratio of 2.41.
Based on the recent corporate insider activity of 53 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 an oil and natural gas company, which engages in the acquisition, development, exploration, and exploitation of unconventional, onshore oil, and natural gas reserves. The company was founded in December 2007 and is headquartered in Midland, TX.
