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Diamondback Energy (FANG) Stock Forecast, Price Target & Predictions

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FANG Stock Forecast

Diamondback Energy stock forecast is as follows: an average price target of $191.60 (represents a 5.14% upside from FANG’s last price of $182.24) and a rating consensus of 'Buy', based on 15 wall street analysts offering a 1-year stock forecast.

FANG Price Target

The average price target for Diamondback Energy (FANG) is $191.60 based on 1-year price targets from 15 Wall Street analysts in the past 3 months, with a price target range of $238.00 to $121.00. This represents a potential 5.14% upside from FANG's last price of $182.24.

FANG Analyst Ratings

Buy

According to 15 Wall Street analysts, Diamondback Energy's rating consensus is 'Buy'. The analyst rating breakdown for FANG stock is 1 'Strong Buy' (6.67%), 13 'Buy' (86.67%), 1 'Hold' (6.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Diamondback Energy Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 16, 2024Neal DingmannTruist Financial$230.00$179.7727.94%26.21%
Oct 16, 2024Tim RezvanKeyBanc$216.00$181.5618.97%18.53%
Oct 15, 2024Gabriele SorbaraWilliams Trading$230.00$190.7020.61%26.21%
Oct 14, 2024Scott GruberCitigroup$195.00$194.960.02%7.00%
Oct 04, 2024Phillip JungwirthBMO Capital$215.00$192.8711.47%17.98%
Oct 02, 2024Betty JiangBarclays$210.00$188.1611.61%15.23%
Sep 16, 2024Devin McDermottMorgan Stanley$198.00$172.4214.84%8.65%
Sep 16, 2024Nitin KumarMizuho Securities$219.00$172.4227.02%20.17%
Sep 11, 2024Tim RezvanKeyBanc$225.00$168.5033.53%23.46%
Sep 04, 2024Biju PerincherilSusquehanna$237.00$187.4826.41%30.05%
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The latest Diamondback Energy stock forecast, released on Oct 16, 2024 by Neal Dingmann from Truist Financial, set a price target of $230.00, which represents a 27.94% increase from the stock price at the time of the forecast ($179.77), and a 26.21% increase from FANG last price ($182.24).

Diamondback Energy Price Target by Period

1M3M12M
# Anlaysts41021
Avg Price Target$217.75$217.50$221.95
Last Closing Price$182.24$182.24$182.24
Upside/Downside19.49%19.35%21.79%

In the current month, the average price target of Diamondback Energy stock is $217.75, according to 4 Wall Street analysts offering twelve months forecast. The average price target represents a 19.49% increase as opposed to Diamondback Energy's last price of $182.24. This month's average price target is up 0.11% compared to last quarter, and down -1.89% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 18, 2024Wells FargoSector OutperformSector OutperformHold
Oct 16, 2024KeyBancOverweightOverweightHold
Oct 15, 2024Piper SandlerOverweightOverweightHold
Oct 04, 2024BMO CapitalMarket PerformOutperformUpgrade
Oct 03, 2024BenchmarkBuyBuyHold
Oct 02, 2024UBSUnderperformUnderperformHold
Oct 02, 2024BarclaysEqual-WeightOverweightUpgrade
Sep 16, 2024Wells FargoBuyBuyHold
Sep 16, 2024Morgan StanleyOverweightOverweightHold
Sep 11, 2024KeyBancOverweightOverweightHold
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Diamondback Energy's last stock rating was published by Wells Fargo on Oct 18, 2024. The company gave FANG a "Sector Outperform" rating, the same as its previous rate.

Diamondback Energy Financial Forecast

Diamondback Energy Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$2.34B$1.90B$1.93B$2.03B$2.44B$2.77B$2.41B$2.02B$1.91B$1.68B$1.18B$769.00M$720.00M$425.00M$899.00M$1.10B$975.00M
Avg Forecast$3.86B$3.80B$3.75B$3.76B$3.78B$3.73B$3.50B$3.50B$3.40B$2.43B$2.19B$2.10B$2.16B$2.21B$1.90B$1.92B$2.08B$2.38B$2.48B$1.95B$1.57B$1.54B$1.36B$1.04B$772.28M$708.41M$577.46M$967.82M$1.09B$1.05B
High Forecast$4.42B$4.36B$4.30B$4.31B$4.34B$4.28B$4.02B$4.20B$4.11B$2.51B$2.19B$2.10B$2.23B$2.32B$2.18B$2.21B$2.38B$2.38B$2.48B$1.95B$1.57B$1.54B$1.36B$1.04B$772.28M$708.41M$577.46M$967.82M$1.09B$1.05B
Low Forecast$3.33B$3.29B$3.24B$3.25B$3.27B$3.22B$3.03B$3.13B$2.56B$2.35B$2.19B$2.10B$2.11B$2.04B$1.64B$1.66B$1.80B$2.38B$2.48B$1.95B$1.57B$1.54B$1.36B$1.04B$772.28M$708.41M$577.46M$967.82M$1.09B$1.05B
# Analysts54544348845481788771271489151099955
Surprise %-------------1.06%1.00%1.00%0.98%1.03%1.11%1.23%1.29%1.24%1.23%1.14%1.00%1.02%0.74%0.93%1.01%0.93%

Diamondback Energy's average Quarter revenue forecast for Dec 23 based on 8 analysts is $2.16B, with a low forecast of $2.11B, and a high forecast of $2.23B. FANG's average Quarter revenue forecast represents a -7.71% decrease compared to the company's last Quarter revenue of $2.34B (Sep 23).

Diamondback Energy EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts54544348845481788771271489151099955
EBITDA-------------$1.59B$1.41B$1.49B$1.62B$1.96B$2.31B$1.97B$1.63B$1.24B$797.00M$56.56M$-892.73M$-1.36B$-3.03B$-141.00M$-572.00M$508.00M
Avg Forecast$3.09B$3.05B$3.00B$3.01B$3.03B$2.99B$2.80B$2.81B$2.73B$1.95B$1.76B$1.39B$1.73B$1.77B$1.52B$1.26B$1.66B$1.90B$1.99B$1.15B$1.26B$1.23B$1.09B$40.85M$618.66M$567.49M$462.59M$-123.51M$876.36M$841.29M
High Forecast$3.54B$3.49B$3.44B$3.45B$3.47B$3.43B$3.22B$3.36B$3.29B$2.01B$1.76B$1.66B$1.79B$1.86B$1.74B$1.51B$1.99B$1.90B$1.99B$1.38B$1.26B$1.23B$1.09B$49.02M$618.66M$567.49M$462.59M$-98.81M$876.36M$841.29M
Low Forecast$2.67B$2.63B$2.59B$2.60B$2.62B$2.58B$2.42B$2.50B$2.05B$1.89B$1.76B$1.11B$1.69B$1.63B$1.31B$1.01B$1.33B$1.90B$1.99B$916.80M$1.26B$1.23B$1.09B$32.68M$618.66M$567.49M$462.59M$-148.21M$876.36M$841.29M
Surprise %-------------0.90%0.93%1.18%0.98%1.03%1.16%1.72%1.30%1.00%0.73%1.38%-1.44%-2.40%-6.55%1.14%-0.65%0.60%

8 analysts predict FANG's average Quarter EBITDA for Dec 23 to be $1.73B, with a high of $1.79B and a low of $1.69B. This is 8.67% upper than Diamondback Energy's previous annual EBITDA (Sep 23) of $1.59B.

Diamondback Energy Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts54544348845481788771271489151099955
Net Income-------------$915.00M$556.00M$712.00M$1.01B$1.18B$1.42B$779.00M$1.05B$649.00M$311.00M$223.00K$-739.00M$-1.11B$-2.39B$-272.00M$-487.00M$368.00M
Avg Forecast$945.84M$908.26M$868.17M$880.65M$841.64M$817.82M$777.39M$786.05M$748.57M$822.95M$920.97M$798.38M$961.29M$1.02B$794.38M$725.80M$1.02B$1.15B$1.19B$659.82M$601.00M$497.91M$395.60M$161.06K$150.19M$66.30M$-76.87K$-238.26M$325.35M$303.75M
High Forecast$1.13B$1.08B$1.03B$1.05B$1.00B$974.13M$925.98M$971.12M$981.54M$980.25M$921.01M$958.06M$1.04B$1.14B$946.22M$870.96M$1.22B$1.15B$1.19B$791.78M$601.00M$497.91M$395.60M$193.27K$150.19M$66.30M$-76.87K$-190.61M$325.35M$303.75M
Low Forecast$779.12M$748.17M$715.14M$725.42M$693.29M$673.66M$640.36M$600.98M$580.52M$677.90M$920.92M$638.70M$882.05M$893.61M$654.36M$580.64M$816.54M$1.15B$1.19B$527.85M$601.00M$497.91M$395.60M$128.84K$150.19M$66.30M$-76.87K$-285.92M$325.35M$303.75M
Surprise %-------------0.89%0.70%0.98%0.99%1.03%1.19%1.18%1.75%1.30%0.79%1.38%-4.92%-16.79%31129.27%1.14%-1.50%1.21%

Diamondback Energy's average Quarter net income forecast for Dec 23 is $961.29M, with a range of $882.05M to $1.04B. FANG's average Quarter net income forecast represents a 5.06% increase compared to the company's last Quarter net income of $915.00M (Sep 23).

Diamondback Energy SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts54544348845481788771271489151099955
SG&A-------------$34.00M$37.00M$40.00M$35.00M$34.00M$39.00M$36.00M$47.00M$38.00M$36.00M$102.00M$61.00M$56.00M$58.00M$64.00M$72.00M$46.00M
Avg Forecast$86.30M$85.13M$83.83M$84.15M$84.61M$83.45M$78.37M$78.42M$76.18M$54.50M$49.11M$36.90M$48.34M$49.48M$42.45M$33.54M$47.88M$53.21M$55.61M$30.49M$35.15M$34.44M$30.47M$73.67M$17.29M$15.86M$12.93M$56.06M$24.49M$23.51M
High Forecast$98.99M$97.64M$96.15M$96.52M$97.05M$95.72M$89.89M$94.02M$91.98M$56.28M$49.11M$44.27M$49.91M$51.95M$48.69M$40.25M$57.45M$53.21M$55.61M$36.59M$35.15M$34.44M$30.47M$88.40M$17.29M$15.86M$12.93M$67.27M$24.49M$23.51M
Low Forecast$74.60M$73.59M$72.46M$72.74M$73.14M$72.13M$67.74M$69.97M$57.30M$52.71M$49.11M$29.52M$47.22M$45.60M$36.69M$26.83M$38.30M$53.21M$55.61M$24.39M$35.15M$34.44M$30.47M$58.93M$17.29M$15.86M$12.93M$44.85M$24.49M$23.51M
Surprise %-------------0.69%0.87%1.19%0.73%0.64%0.70%1.18%1.34%1.10%1.18%1.38%3.53%3.53%4.49%1.14%2.94%1.96%

Diamondback Energy's average Quarter SG&A projection for Dec 23 is $48.34M, based on 8 Wall Street analysts, with a range of $47.22M to $49.91M. The forecast indicates a 42.18% rise compared to FANG last annual SG&A of $34.00M (Sep 23).

Diamondback Energy EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts54544348845481788771271489151099955
EPS-------------$0.01$3.05$3.88$5.62$6.72$7.95$4.39$5.83$3.59$1.72-$-4.68$-7.05$-15.17$-1.72$-3.04$2.27
Avg Forecast$4.62$4.44$4.24$4.30$4.11$3.99$3.80$3.84$3.66$4.02$4.50$4.47$4.70$5.01$3.88$4.33$5.21$6.45$6.68$4.75$3.37$2.79$2.22$1.81$0.84$0.37$-0.00$1.30$1.82$1.70
High Forecast$5.50$5.28$5.05$5.12$4.90$4.76$4.52$4.74$4.79$4.79$4.50$4.47$5.07$5.55$4.62$5.16$6.21$6.45$6.68$4.75$3.37$2.79$2.22$1.81$0.84$0.37$-0.00$1.30$1.82$1.70
Low Forecast$3.81$3.65$3.49$3.54$3.39$3.29$3.13$2.94$2.84$3.31$4.50$4.46$4.31$4.36$3.20$3.57$4.29$6.45$6.68$4.75$3.37$2.79$2.22$1.81$0.84$0.37$-0.00$1.30$1.82$1.70
Surprise %-------------0.00%0.79%0.90%1.08%1.04%1.19%0.92%1.73%1.29%0.78%0.00%-5.56%-18.97%35197.22%-1.33%-1.67%1.33%

According to 8 Wall Street analysts, Diamondback Energy's projected average Quarter EPS for Dec 23 is $4.70, with a low estimate of $4.31 and a high estimate of $5.07. This represents a 91966.27% increase compared to FANG previous annual EPS of $0.01 (Sep 23).

Diamondback Energy Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
APAAPA$22.02$42.9595.05%Buy
VTLEVital Energy$30.40$57.8390.23%Hold
DVNDevon Energy$39.11$58.8850.55%Buy
ARAntero Resources$31.19$37.5820.49%Buy
OXYOccidental Petroleum$51.12$60.8519.03%Buy
CTRACoterra Energy$25.61$29.6815.89%Buy
COPConocoPhillips$111.82$122.719.74%Buy
FANGDiamondback Energy$182.24$191.605.14%Buy
HESHess$142.80$143.190.27%Hold
EOGEOG Resources$134.35$132.29-1.53%Buy
EQTEQT$43.31$41.53-4.11%Buy

FANG Forecast FAQ

Is Diamondback Energy a good buy?

Yes, according to 15 Wall Street analysts, Diamondback Energy (FANG) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 13 'Buy' recommendations, accounting for 93.33% of FANG's total ratings.

What is FANG's price target?

Diamondback Energy (FANG) average price target is $191.6 with a range of $121 to $238, implying a 5.14% from its last price of $182.24. The data is based on 15 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Diamondback Energy stock go up soon?

According to Wall Street analysts' prediction for FANG stock, the company can go up by 5.14% (from the last price of $182.24 to the average price target of $191.6), up by 30.60% based on the highest stock price target, and down by -33.60% based on the lowest stock price target.

Can Diamondback Energy stock reach $300?

FANG's average twelve months analyst stock price target of $191.6 does not support the claim that Diamondback Energy can reach $300 in the near future.

What is Diamondback Energy's current price target trend?

4 Wall Street analysts forecast a $217.75 price target for Diamondback Energy (FANG) this month, up 19.49% from its last price of $182.24. Compared to the last 3 and 12 months, the average price target increased by 19.35% and increased by 21.79%, respectively.

What are Diamondback Energy's analysts' financial forecasts?

Diamondback Energy's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $14.51B (high $16.83B, low $12.64B), average EBITDA is $11.63B (high $13.48B, low $10.13B), average net income is $3.22B (high $3.87B, low $2.61B), average SG&A $324.85M (high $376.68M, low $282.99M), and average EPS is $15.74 (high $18.92, low $12.74). FANG's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $15.16B (high $17.39B, low $13.11B), average EBITDA is $12.15B (high $13.93B, low $10.5B), average net income is $3.6B (high $4.29B, low $2.97B), average SG&A $339.41M (high $389.31M, low $293.39M), and average EPS is $17.6 (high $20.96, low $14.5).

Did the FANG's actual financial results beat the analysts' financial forecasts?

Based on Diamondback Energy's last annual report (Dec 2022), the company's revenue was $9.64B, beating the average analysts forecast of $8.89B by 8.45%. Apple's EBITDA was $7.86B, beating the average prediction of $6.7B by 17.27%. The company's net income was $4.39B, beating the average estimation of $4.02B by 9.05%. Apple's SG&A was $144M, missing the average forecast of $187.19M by -23.07%. Lastly, the company's EPS was $24.61, beating the average prediction of $23.09 by 6.56%. In terms of the last quarterly report (Sep 2023), Diamondback Energy's revenue was $2.34B, beating the average analysts' forecast of $2.21B by 5.86%. The company's EBITDA was $1.59B, missing the average prediction of $1.77B by -10.09%. Diamondback Energy's net income was $915M, missing the average estimation of $1.02B by -10.72%. The company's SG&A was $34M, missing the average forecast of $49.48M by -31.28%. Lastly, the company's EPS was $0.0051, missing the average prediction of $5.01 by -99.90%