Roth MKM Keeps Their Buy Rating on Diamondback (FANG)

In a report released today, Leo Mariani from Roth MKM maintained a Buy rating on Diamondback, with a price target of $193.88.

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Mariani covers the Energy sector, focusing on stocks such as Sable Offshore, Murphy Oil, and Magnolia Oil & Gas. According to TipRanks, Mariani has an average return of 35.9% and a 72.84% success rate on recommended stocks.

In addition to Roth MKM, Diamondback also received a Buy from TipRanks – Anthropic’s Anthropic 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. Last month, Daniel N Wesson, the EVP & COO of FANG sold 5,000.00 shares for a total of $959,750.00.