Diamondback (FANG) Receives a Buy from Citi

In a report released on March 27, Scott Gruber from Citi maintained a Buy rating on Diamondback, with a price target of $230.00. The company’s shares closed last Friday at $201.84.

End of Quarter Sale - 50% Off TipRanks

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

Gruber covers the Energy sector, focusing on stocks such as Comstock Resources, Patterson-UTI, and Weatherford International. According to TipRanks, Gruber has an average return of 13.4% and a 57.97% success rate on recommended stocks.

Diamondback has an analyst consensus of Strong Buy, with a price target consensus of $205.39, implying a 1.76% upside from current levels. In a report released today, TipRanks – OpenAI also reiterated a Buy rating on the stock with a $232.00 price target.

Based on Diamondback’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.38 billion and a GAAP net loss of $1.46 billion. In comparison, last year the company earned a revenue of $3.7 billion and had a net profit of $1.07 billion

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FANG in relation to earlier this year. Earlier this month, Teresa Dick, the CAO, Exec. VP, Assist. Sec of FANG sold 5,000.00 shares for a total of $965,000.00.