Roth MKM analyst Leo Mariani maintained a Buy rating on Diamondback yesterday and set a price target of $212.00.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
According to TipRanks, Mariani is a top 100 analyst with an average return of 30.2% and a 69.13% success rate. Mariani covers the Energy sector, focusing on stocks such as Matador Resources, Diamondback, and Sable Offshore.
Diamondback has an analyst consensus of Strong Buy, with a price target consensus of $229.00.
Based on Diamondback’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.24 billion and a net profit of $144 million. In comparison, last year the company earned a revenue of $4.03 billion and had a net profit of $1.41 billion
Based on the recent corporate insider activity of 61 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, Mark Lawrence Plaumann, a Director at FANG sold 500.00 shares for a total of $98,250.00.
