Siebert Williams Shank & Co Sticks to Its Buy Rating for Diamondback (FANG)

Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Buy rating on Diamondback today and set a price target of $224.00.

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According to TipRanks, Sorbara is a 5-star analyst with an average return of 13.5% and a 62.81% success rate. Sorbara covers the Energy sector, focusing on stocks such as CNX Resources, Devon Energy, and Ovintiv.

In addition to Siebert Williams Shank & Co, Diamondback also received a Buy from Wells Fargo’s Hanwen Chang in a report issued today. 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, Teresa Dick, the CAO, Exec. VP, Assist. Sec of FANG sold 5,000.00 shares for a total of $965,000.00.