- Maggio 30, 2022
- Posted by: Oliver
- Categoria: Economics, Finance & accounting
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Based out of Midland, TX, Diamondback Energy is engaged in hydrocarbon exploration.
The company recently posted impressive first-quarter results. Revenues for the quarter came in at $2.4 billion, up 103.4% from the previous year. Earnings of $5.20 per share jumped a whopping 126.1% from the year-ago quarter.
Further, the company’s dividend yield of 3.01% is above the sector average of 2.79%.
Recently, Kumar reiterated a Buy rating on the stock with a price target of $200, which implies upside potential of 31% from current levels.
With a success rate of 100%, the analyst has rated the stock a total of eight times. So far, he has generated an average profit of 44.9% on the stock.
