In a report released today, Gabriele Sorbara from Williams Capital reiterated a Hold rating on Diamondback (NASDAQ: FANG), with a price target of $134. The company’s shares closed yesterday at $134.72, close to its 52-week high of $134.89.
Sorbara commented:
“We believe this is a s olid well that provides upside to our RNAV.”
According to TipRanks.com, Sorbara is a 1-star analyst with an average return of 0.0% and a 48.6% 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 $152.55.
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The company has a one-year high of $134.89 and a one-year low of $82.77. Currently, Diamondback has an average volume of 1.56M.
Based on the recent corporate insider activity of 51 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.
