In a report issued on July 10, Biju Perincheril from Susquehanna reiterated a Buy rating on Diamondback (NASDAQ: FANG), with a price target of $164. The company’s shares closed yesterday at $131.34, close to its 52-week high of $138.25.
According to TipRanks.com, Perincheril is a 5-star analyst with an average return of 18.8% and a 70.7% success rate. Perincheril covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Whiting Petroleum Corp, and Jagged Peak Energy Inc.
Diamondback has an analyst consensus of Strong Buy, with a price target consensus of $157.40, a 19.8% upside from current levels. In a report issued on July 9, Jefferies also reiterated a Buy rating on the stock with a $183 price target.
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The company has a one-year high of $138.25 and a one-year low of $85.73. 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.
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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.
