Credit Suisse Keeps Their Buy Rating on Diamondback (FANG)

In a report issued on July 22, William Featherston from Credit Suisse maintained a Buy rating on Diamondback (FANG). The company’s shares closed last Thursday at $39.51.

According to, Featherston has 0 stars on 0-5 stars ranking scale with an average return of -5.6% and a 44.3% success rate. Featherston covers the Utilities sector, focusing on stocks such as Occidental Petroleum, Concho Resources, and Cabot Oil & Gas.

Diamondback has an analyst consensus of Strong Buy, with a price target consensus of $54.07, implying a 37.3% upside from current levels. In a report issued on July 7, Northland Securities also maintained a Buy rating on the stock with a $45.00 price target.

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The company has a one-year high of $105.95 and a one-year low of $14.55. Currently, Diamondback has an average volume of 2.89M.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FANG in relation to earlier this year.

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Diamondback Energy, Inc. is an independent oil and natural gas company, which engages in the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves. It operates through the Upstream and Midstream Services segments. The Upstream segment focuses on the Permian Basin operations in West Texas. The Midstream Services segment involves in the Midland and Delaware Basins. The company was founded in December 2007 and is headquartered in Midland, TX.

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