FANG - Diamondback Energy - Stock Forecast

Energy - Sector

Coverage Profile Stock analysts Price Targets & Ratings Chart Insider Trading

FANG is currently covered by 26 analysts with an average price target of $229.57. This is a potential upside of $33.56 (17.12%) from yesterday's end of day stock price of $196.01.

Diamondback Energy's activity chart (see below) currently has 380 price targets and 363 ratings on display. The stock rating distribution of FANG is 93.75% BUY, 3.91% HOLD and 2.34% SELL.

Stock Analyst Price Targets - Review

Analysts average stock forecasts to be materialized ratio is 93.71% with an average time for these price targets to be met of 490.05 days.

Highest price target for FANG is $255, Lowest price target is $154, average price target is $229.57.

Most recent stock forecast was given by DERRICK WHITFIELD from STIFEL on 23-Apr-2024. First documented stock forecast 11-Jun-2013.

What is Diamondback Energy?

Diamondback Energy specializes in onshore oil and gas exploration and development in the Permian Basin, one of the world’s largest producers including Spraberry and Wolfcamp formations in West Texas. Diamondback owns and operates midstream infrastructure assets, including crude oil and natural gas gathering pipelines, and an integrated water system.

Since its founding in 2007, Diamondback Energy has become a leading company in the industry.

What Made Diamondback Energy grow?

Diamondback Energy’s fame can be attributed to its focus on acquiring and developing high-quality assets in the highly productive Permian Basin. The company also leverages advanced drilling techniques to maximize production and profitability. With remarkable growth, its production increased from 2,500 BOE/D in 2012 to over 300,000 BOE/D in 2021.