Siebert Williams (NYSE:WMB) Shank & Co analyst Gabriele Sorbara reiterated a Buy rating on Diamondback (NASDAQ:FANG) on Tuesday, setting a price target of $89, which is approximately 20.47% above the present share price of $73.88.
Sorbara expects Diamondback to post earnings per share (EPS) of -$4.68 for the second quarter of 2021.
The current consensus among 16 TipRanks analysts is for a Strong Buy rating of shares in Diamondback, with an average price target of $91.13.
The analysts price targets range from a high of $105 to a low of $68.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $769 million and a net profit of $276 million. The company's market cap is $13.35 billion.
According to TipRanks.com, Siebert Williams Shank & Co analyst Gabriele Sorbara is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -7.6% and a 32.45% success rate.
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.