Barclays Issues a Buy Rating on Diamondback (FANG)

In a report released today, Betty Jiang from Barclays assigned a Buy rating to Diamondback, with a price target of $190.00.

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Jiang covers the Energy sector, focusing on stocks such as Diamondback, APA, and Coterra Energy. According to TipRanks, Jiang has an average return of 5.0% and a 53.00% success rate on recommended stocks.

In addition to Barclays, Diamondback also received a Buy from TipRanks – OpenAI’s OpenAI Oil and Gas Exploration and Production in a report issued today. However, on March 26, TD Cowen assigned a Hold rating to Diamondback (NASDAQ: FANG).

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.