Raymond James analyst John Freeman maintained a Buy rating on Diamondback (FANG) on February 22. The company’s shares closed last Tuesday at $71.01, close to its 52-week high of $73.31.
According to TipRanks.com, Freeman ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -2.2% and a 38.7% success rate. Freeman covers the Utilities sector, focusing on stocks such as National Fuel Gas Company, Continental Resources, and Northern Oil And Gas.
Diamondback has an analyst consensus of Strong Buy, with a price target consensus of $70.85, a 5.7% upside from current levels. In a report issued on February 9, Citigroup also maintained a Buy rating on the stock with a $76.00 price target.
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Diamondback’s market cap is currently $11.22B and has a P/E ratio of -2.40. The company has a Price to Book ratio of 1.08.
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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.
