Diamondback (FANG) Receives a Buy from Raymond James

In a report released yesterday, John Freeman from Raymond James maintained a Buy rating on Diamondback (FANG). The company’s shares closed last Tuesday at $30.41.

According to TipRanks.com, Freeman is ranked 0 out of 5 stars with an average return of -22.5% and a 21.1% success rate. Freeman covers the Utilities sector, focusing on stocks such as Black Stone Minerals, Southwestern Energy, and Matador Resources.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Diamondback with a $54.75 average price target, a 77.6% upside from current levels. In a report released today, Citigroup also maintained a Buy rating on the stock with a $46.00 price target.

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The company has a one-year high of $96.92 and a one-year low of $14.55. Currently, Diamondback has an average volume of 2.42M.

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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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