Northland Securities Maintains Their Buy Rating on Diamondback (FANG)
Northland Securities analyst Jeff Grampp maintained a Buy rating on Diamondback (FANG) on March 17 and set a price target of $150. The company’s shares closed yesterday at $105.18.
According to TipRanks.com, Grampp has 0 stars on 0-5 star ranking scale with an average return of -10.1% and a 35.3% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Sundance Energy Australia, Goodrich Petroleum Corp, and Lonestar Resources US.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Diamondback with a $153.88 average price target, a 46.3% upside from current levels. In a report issued on March 11, J.P. Morgan also resumed coverage with a Buy rating on the stock with a $148 price target.
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Diamondback’s market cap is currently $17.28B and has a P/E ratio of 13.22. The company has a Price to Book ratio of 1.26.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock.
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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.