Diamondback (FANG) was downgraded to a Hold Rating at Benchmark Co.

In a report released today, Subash Chandra from Benchmark Co. downgraded Diamondback to a Hold, with a price target of $195.00.

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According to TipRanks, Chandra is a 5-star analyst with an average return of 10.5% and a 50.28% success rate. Chandra covers the Energy sector, focusing on stocks such as Antero Resources, Sable Offshore, and APA.

In addition to Benchmark Co., Diamondback also received a Hold from DBS’s Suvro Sarkar in a report issued on February 25. However, yesterday, TD Cowen maintained a Buy 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 38 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.