Diamondback (FANG) Receives a Rating Update from a Top Analyst

In a report released today, Leo Mariani from Roth MKM maintained a Hold rating on Diamondback, with a price target of $200.00.

Claim 30% 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

Mariani covers the Energy sector, focusing on stocks such as Magnolia Oil & Gas, Sable Offshore, and Murphy Oil. According to TipRanks, Mariani has an average return of 35.5% and a 72.22% success rate on recommended stocks.

Diamondback has an analyst consensus of Strong Buy, with a price target consensus of $214.58.

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 52 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, Teresa Dick, the CAO, Exec. VP, Assist. Sec of FANG sold 5,000.00 shares for a total of $965,000.00.