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Diamondback Energy (FANG) Stock Forecast & Price Target

$191.96
-0.38 (-0.20%)
(As of 04:28 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 19 Analyst Ratings

Consensus Price Target

$205.95
7.29% Upside
High Forecast$255.00
Average Forecast$205.95
Low Forecast$129.00
TypeCurrent Forecast
5/24/23 to 5/23/24
1 Month Ago
4/24/23 to 4/23/24
3 Months Ago
2/23/23 to 2/23/24
1 Year Ago
5/24/22 to 5/24/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
13 Buy rating(s)
13 Buy rating(s)
13 Buy rating(s)
17 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
3 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$205.95$202.53$183.05$178.00
Forecasted Upside7.29% Upside10.26% Upside14.63% Upside24.70% Upside
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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.
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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.
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Diamondback Energy Stock vs. The Competition

TypeDiamondback EnergyOils/Energy CompaniesS&P 500
Consensus Rating Score
2.74
2.54
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside7.07% Upside505.75% Upside8.73% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/13/2024Mizuho
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 Boost TargetBuy ➝ Buy$217.00 ➝ $222.00+10.73%
5/6/2024Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$195.00 ➝ $220.00+7.76%
5/2/2024Wells Fargo & Company
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 Lower TargetOverweight ➝ Overweight$227.00 ➝ $224.00+13.34%
4/23/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$224.00 ➝ $229.00+12.37%
4/22/2024Truist Financial
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 Boost TargetBuy ➝ Buy$248.00 ➝ $250.00+23.63%
4/22/2024KeyCorp
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 Boost TargetOverweight ➝ Overweight$210.00 ➝ $225.00+12.75%
4/22/2024Susquehanna
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 Boost TargetPositive ➝ Positive$212.00 ➝ $245.00+22.05%
4/19/2024Piper Sandler
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 Boost TargetOverweight ➝ Overweight$227.00 ➝ $247.00+22.25%
4/15/2024Morgan Stanley
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 Lower TargetOverweight ➝ Overweight$186.00 ➝ $184.00-11.29%
4/11/2024Scotiabank
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 Boost TargetSector Outperform ➝ Sector Outperform$210.00 ➝ $255.00+24.93%
4/10/2024Barclays
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 Initiated CoverageEqual Weight$214.00+4.12%
3/25/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$185.00 ➝ $215.00+10.43%
2/14/2024UBS Group
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 Boost TargetBuy ➝ Buy$183.00 ➝ $200.00+18.69%
2/13/2024BMO Capital Markets
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 Boost TargetMarket Perform ➝ Market Perform$167.00 ➝ $175.00+5.43%
2/12/2024Bank of America
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 UpgradeUnderperform ➝ Neutral$129.00 ➝ $170.00+2.32%
1/24/2024Raymond James
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 Lower TargetStrong-Buy ➝ Strong-Buy$190.00 ➝ $185.00+20.86%
1/18/2024Bank Of America (Bofa)
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 Lower TargetUnderperform ➝ Underperform$147.00 ➝ $129.00-13.93%
10/23/2023Citigroup
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 DowngradeBuy ➝ Neutral$160.00 ➝ $170.00+2.11%
10/12/2023Benchmark
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 Reiterated RatingBuy ➝ Buy$154.00-4.53%
4/21/2023The Goldman Sachs Group
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 Boost TargetBuy$142.00 ➝ $163.00+15.53%
2/22/2023Roth Capital
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L. Mariani
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Reiterated RatingBuy
12/5/2022Johnson Rice
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 UpgradeAccumulate ➝ Buy$210.00+43.80%
11/17/2022Credit Suisse Group
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 Boost TargetOutperform$190.00 ➝ $195.00+22.66%
11/15/2022MKM Partners
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 Boost Target$170.00+1.78%
11/9/2022Susquehanna Bancshares
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 Boost Target$180.00 ➝ $190.00+17.66%
11/8/2022TD Securities
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 Boost TargetBuy$170.00 ➝ $185.00+12.89%
10/19/2022Jefferies Financial Group
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 Initiated CoverageHold$159.00+12.09%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 05:17 PM ET.

FANG Frequently Asked Questions

What is Diamondback Energy's stock forecast and purchase recommendation?

According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Diamondback Energy is $205.95, with a high forecast of $255.00 and a low forecast of $129.00. The consensus rating for Diamondback Energy stock is Moderate Buy based on the current 1 sell rating, 4 hold ratings, 13 buy ratings and 1 strong buy rating for FANG. Learn more on FANG's analyst rating history.

Do Wall Street analysts like Diamondback Energy more than its competitors?

Analysts like Diamondback Energy more than other "oils/energy" companies. The consensus rating score for Diamondback Energy is 2.74 while the average consensus rating score for "oils/energy" companies is 2.54. Learn more on how FANG compares to other companies.

Does Diamondback Energy's stock price have much upside?

According to analysts, Diamondback Energy's stock has a predicted upside of 10.11% based on their 12-month stock forecasts.

What analysts cover Diamondback Energy?

Diamondback Energy has been rated by research analysts at Barclays, Evercore ISI, KeyCorp, Mizuho, Morgan Stanley, Piper Sandler, Royal Bank of Canada, Scotiabank, Stifel Nicolaus, Susquehanna, Truist Financial, and Wells Fargo & Company in the past 90 days.


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This page (NASDAQ:FANG) was last updated on 5/23/2024 by MarketBeat.com Staff

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