Diamondback Energy (FANG) Stock Forecast & Price Target

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$199.60

-1.55 (-0.77%)

(As of 04/18/2024 ET)

Diamondback Energy Consensus Analyst Rating 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.

Analysts' Consensus Rating

Moderate Buy
Based on 20 Analyst Ratings

Analysts' Consensus Price Target

$195.95
-1.83% Downside

High Forecast	$255.00
Average Forecast	$195.95
Low Forecast	$129.00

Type	Current Forecast 4/19/23 to 4/18/24	1 Month Ago 3/20/23 to 3/19/24	3 Months Ago 1/19/23 to 1/19/24	1 Year Ago 4/19/22 to 4/19/23
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	14 Buy rating(s)	13 Buy rating(s)	14 Buy rating(s)	19 Buy rating(s)
Hold	4 Hold rating(s)	3 Hold rating(s)	1 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	$195.95	$184.67	$177.59	$176.91
Predicted Upside	-1.83% Downside	13.01% Upside	15.60% Upside	24.97% Upside

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FANG Analyst Ratings 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	2.75	2.55	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	-2.04% Downside	437.50% Upside	11.95% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
4/15/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$186.00 ➝ $184.00	-11.29%
4/11/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Outperform ➝ Sector Outperform	$210.00 ➝ $255.00	+24.93%
4/11/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$200.00 ➝ $217.00	+5.22%
4/10/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Equal Weight	$214.00	+4.12%
4/5/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$250.00 ➝ $248.00	+21.71%
3/25/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$185.00 ➝ $215.00	+10.43%
Get the Latest News and Ratings for FANG and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Diamondback Energy and its competitors with MarketBeat's FREE daily newsletter.
3/22/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$192.00 ➝ $224.00	+15.24%
3/21/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$186.00 ➝ $210.00	+8.86%
3/7/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$222.00 ➝ $227.00	+25.29%
3/4/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$195.00	+8.47%
2/14/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$183.00 ➝ $200.00	+18.69%
2/13/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Positive ➝ Positive	$190.00 ➝ $195.00	+17.28%
2/13/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Market Perform ➝ Market Perform	$167.00 ➝ $175.00	+5.43%
2/12/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ Neutral	$129.00 ➝ $170.00	+2.32%
1/24/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Strong-Buy ➝ Strong-Buy	$190.00 ➝ $185.00	+20.86%
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%
11/22/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$190.00 ➝ $189.00	+24.02%
10/23/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$160.00 ➝ $170.00	+2.11%
10/12/2023	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$154.00	-4.53%
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:08 PM ET.

FANG Price Target - Frequently Asked Questions

What is Diamondback Energy's consensus rating and price target?: According to the issued ratings of 20 analysts in the last year, the consensus rating for Diamondback Energy stock is Moderate Buy based on the current 1 sell rating, 4 hold ratings, 14 buy ratings and 1 strong buy rating for FANG. The average twelve-month price prediction for Diamondback Energy is $195.95 with a high price target of $255.00 and a low price target of $129.00. 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 2.75 while the average consensus rating score for oils/energy companies is 2.56. Learn more on how FANG compares to other companies.
Is Diamondback Energy being upgraded by Wall Street analysts?: Over the previous 90 days, Diamondback Energy's stock had 1 upgrade by analysts.

Does Diamondback Energy's stock price have much upside?: According to analysts, Diamondback Energy's stock has a predicted upside of 10.05% based on their 12-month stock forecasts.
What analysts cover Diamondback Energy?: Diamondback Energy has been rated by Bank of America, Barclays, BMO Capital Markets, Evercore ISI, KeyCorp, Mizuho, Morgan Stanley, Piper Sandler, Raymond James, Royal Bank of Canada, Scotiabank, Stifel Nicolaus, Susquehanna, Truist Financial, and UBS Group in the past 90 days.

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This page (NASDAQ:FANG) was last updated on 4/18/2024 by MarketBeat.com Staff

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Diamondback Energy (FANG) Stock Forecast & Price Target

Diamondback Energy Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

FANG Analyst Ratings By Month

FANG Price Targets by Month

Diamondback Energy Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

FANG Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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