Diamondback Energy (FANG) Stock Forecast & Price Target

$184.25 +2.79 (+1.54%)

(As of 12:30 PM ET)

Diamondback Energy - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 23 Analyst Ratings

Sell
1

Hold
4

Buy
18

Based on 23 Wall Street analysts who have issued ratings for Diamondback Energy in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 23 analysts, 1 has given a sell rating, 4 have given a hold rating, 17 have given a buy rating, and 1 has given a strong buy rating for FANG.

Consensus Price Target

$212.00
15.06% Upside

According to the 23 analysts' twelve-month price targets for Diamondback Energy, the average price target is $212.00. The highest price target for FANG is $252.00, while the lowest price target for FANG is $129.00. The average price target represents a forecasted upside of 15.06% from the current price of $184.25.

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FANG Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	17 Buy rating(s)	17 Buy rating(s)	14 Buy rating(s)	15 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)	1 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$212.00	$210.09	$211.85	$184.35
Forecasted Upside	15.06% Upside	14.16% Upside	8.52% Upside	19.59% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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FANG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

FANG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Diamondback Energy Stock vs. The Competition

Type	Diamondback Energy	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.78	2.62	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	16.83% Upside	1,433.20% Upside	9.83% Upside
News Sentiment Rating	Positive News See Recent FANG News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/19/2024	Raymond James 4 of 5 stars		Boost Target	Strong-Buy ➝ Strong-Buy	$232.00 ➝ $237.00	+30.29%
11/6/2024	Royal Bank of Canada 4 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$210.00 ➝ $210.00	+16.09%
10/29/2024	Benchmark 2 of 5 stars		Reiterated Rating	Buy ➝ Buy	$195.00 ➝ $195.00	+8.96%
10/18/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Sector Outperform ➝ Sector Outperform
10/18/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Positive ➝ Positive	$237.00 ➝ $233.00	+26.66%
10/16/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$220.00 ➝ $230.00	+26.49%
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10/16/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$225.00 ➝ $216.00	+20.15%
10/15/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$240.00 ➝ $252.00	+32.14%
10/14/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Gruber Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$195.00	+0.66%
10/10/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Outperform ➝ Sector Outperform	$245.00 ➝ $225.00	+15.07%
10/4/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Jungwirth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform	$205.00 ➝ $215.00	+14.18%
10/2/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight ➝ Overweight	$167.00 ➝ $182.00	+2.52%
10/2/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Jiang Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight	$216.00 ➝ $210.00	+18.30%
9/30/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$235.00 ➝ $209.00	+22.24%
9/24/2024	Johnson Rice Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Meade Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Moderate Buy
9/18/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$247.00 ➝ $223.00	+24.20%
9/16/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$185.00 ➝ $198.00	+14.72%
9/16/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold ➝ Hold	$185.00	+8.01%
7/23/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$201.00 ➝ $215.00	+7.61%
7/18/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Leggate Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Peer Perform
7/17/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$243.00 ➝ $236.00	+11.90%
5/13/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$217.00 ➝ $222.00	+10.73%
4/23/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$224.00 ➝ $229.00	+12.37%
1/18/2024	Bank Of America (Bofa) Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underperform ➝ Underperform	$147.00 ➝ $129.00	-13.93%
4/21/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$142.00 ➝ $163.00	+15.53%
2/22/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Mariani Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 12:45 PM ET.

Should I Buy Diamondback Energy Stock? FANG Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, November 16, 2024. Please send any questions or comments about these Diamondback Energy pros and cons to contact@marketbeat.com.

Diamondback Energy
Bull Case

Here are some ways that investors could benefit from investing in Diamondback Energy, Inc.:

Diamondback Energy, Inc. has shown strong financial performance, reporting a quarterly revenue of $2.48 billion, significantly exceeding analysts' expectations of $2.19 billion.
The company recently declared a dividend, indicating a commitment to returning value to shareholders, which can be attractive for income-focused investors.
With a current stock price of $177.91, the shares are trading at a relatively low price-to-earnings (P/E) ratio of 10.04, suggesting that the stock may be undervalued compared to its earnings potential.
Analysts have a consensus rating of "Moderate Buy" for Diamondback Energy, with a price target averaging around $210.09, indicating potential for price appreciation.
The company has a solid net margin of 37.51%, reflecting efficient management and profitability, which can be a positive indicator for investors looking for stable returns.

Diamondback Energy
Bear Case

Investors should be bearish about investing in Diamondback Energy, Inc. for these reasons:

The stock has experienced volatility, recently gapping down from a previous close of $184.38 to open at $177.76, which may indicate market uncertainty.
Despite strong earnings, the company has a debt-to-equity ratio of 0.65, which, while manageable, suggests that it has a moderate level of debt that could impact financial flexibility.
Recent insider selling, including a major shareholder offloading over 13 million shares, could signal a lack of confidence in the stock's short-term performance.
Market conditions for oil and natural gas can be unpredictable, and fluctuations in commodity prices may adversely affect Diamondback Energy's profitability.
With a beta of 1.89, the stock is more volatile than the market, which means it could experience larger price swings, posing a risk for conservative investors.

FANG Forecast - Frequently Asked Questions

: According to the research reports of 23 Wall Street equities research analysts, the average twelve-month stock price forecast for Diamondback Energy is $212.00, with a high forecast of $252.00 and a low forecast of $129.00.
: 23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diamondback Energy in the last year. There is currently 1 sell rating, 4 hold ratings, 17 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" FANG shares.
: According to analysts, Diamondback Energy's stock has a predicted upside of 15.06% based on their 12-month stock forecasts.
: Over the previous 90 days, Diamondback Energy's stock had 2 upgrades and 1 downgrade by analysts.
: Diamondback Energy has been rated by research analysts at Barclays, Benchmark, BMO Capital Markets, Citigroup, Evercore ISI, Jefferies Financial Group, Johnson Rice, JPMorgan Chase & Co., KeyCorp, Morgan Stanley, Piper Sandler, Raymond James, Royal Bank of Canada, Scotiabank, Susquehanna, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Diamondback Energy more than other "oils/energy" companies. The consensus rating score for Diamondback Energy is 2.78 while the average consensus rating score for "oils/energy" companies is 2.62. Learn more on how FANG compares to other companies.

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This page (NASDAQ:FANG) was last updated on 11/21/2024 by MarketBeat.com Staff

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Diamondback Energy (FANG) Stock Forecast & Price Target