Blurbs

Wells Fargo Believes Diamondback (FANG) Still Has Room to Grow

Wells Fargo analyst Nitin Kumar CFA maintained a Buy rating on Diamondback (FANGResearch Report) today and set a price target of $198.00. The company’s shares closed last Friday at $129.67, close to its 52-week high of $142.09.

According to TipRanks.com, CFA is a 5-star analyst with an average return of 35.8% and a 87.6% success rate. CFA covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Continental Resources, and Northern Oil And Gas.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Diamondback with a $154.89 average price target, which is a 19.4% upside from current levels. In a report issued on March 8, Scotiabank also upgraded the stock to Buy with a $160.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

The company has a one-year high of $142.09 and a one-year low of $65.93. Currently, Diamondback has an average volume of 2.74M.

Based on the recent corporate insider activity of 39 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Diamondback Energy, Inc. is an independent oil and natural gas company, which engages in the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves. It operates through the Upstream and Midstream Services segments. The Upstream segment focuses on the Permian Basin operations in West Texas. The Midstream Services segment involves in the Midland and Delaware Basins. The company was founded in December 2007 and is headquartered in Midland, TX.

Read More on FANG:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More
Videos