In a report released yesterday, Asit Sen from Merrill Lynch reiterated a Buy rating on Diamondback (FANG), with a price target of $125.00. The company’s shares closed last Monday at $74.56, close to its 52-week low of $71.72.
According to TipRanks.com, Sen is ranked #3620 out of 5925 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Diamondback with a $123.75 average price target.
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Diamondback’s market cap is currently $12.01B and has a P/E ratio of 10.75. The company has a Price to Book ratio of 0.86.
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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.
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