Bernstein Sticks to Its Buy Rating for Diamondback (FANG)

In a report released on February 27, Bob Brackett from Bernstein maintained a Buy rating on Diamondback, with a price target of $190.00.

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Brackett covers the Energy sector, focusing on stocks such as Exxon Mobil, Diamondback, and Conocophillips. According to TipRanks, Brackett has an average return of 21.5% and a 65.57% success rate on recommended stocks.

In addition to Bernstein, Diamondback also received a Buy from Siebert Williams Shank & Co’s Gabriele Sorbara in a report issued on February 27. However, on February 25, DBS 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 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, SGF FANG Holdings, LP, a Major Shareholder at FANG sold 2,000,000.00 shares for a total of $331,870,000.00.