Barclays Sticks to Their Buy Rating for Diamondback (FANG)

Barclays analyst Betty Jiang maintained a Buy rating on Diamondback today and set a price target of $190.00.

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Jiang covers the Energy sector, focusing on stocks such as Diamondback, Exxon Mobil, and APA. According to TipRanks, Jiang has an average return of 4.6% and a 50.00% success rate on recommended stocks.

In addition to Barclays, Diamondback also received a Buy from BMO Capital’s Phillip Jungwirth in a report issued yesterday. However, on April 13, Roth MKM maintained a Hold rating on 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 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, Daniel N Wesson, the EVP & COO of FANG sold 5,000.00 shares for a total of $959,750.00.