FANG - Diamondback Energy - Stock Forecast

Energy - Sector
Coverage Profile Performance Price Targets & Ratings Chart Insider Trading

FANG is currently covered by 26 analysts with an average price target of $236.29. This is a potential upside of $33.71 (16.64%) from yesterday's end of day stock price of $202.58.

Diamondback Energy's activity chart (see below) currently has 370 price targets and 355 ratings on display. The stock rating distribution of FANG is 93.55% BUY, 4.03% HOLD and 2.42% SELL.

Stock Analyst Price Targets - Review

Analysts average stock forecasts to be materialized ratio is 94.99% with an average time for these price targets to be met of 490.24 days.

Highest price target for FANG is $248, Lowest price target is $154, average price target is $236.29.

Most recent stock forecast was given by NEAL DINGMANN from TRUIST on 05-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.

Currently out of the existing stock ratings of FANG, 116 are a BUY (93.55%), 5 are a HOLD (4.03%), 3 are a SELL (2.42%).

Analyst name

Rating

Current price target

Potential distance

Previous price target

Date

Price targets met ratio

Average potential upside

Average Time (Days) For PT To Be Met

Performance score

Buy

248

$41.43 (20.06%)

225

17 days ago

21/23 (91.3%)

$43.68 (21.38%)

423

Buy

186

$-20.57 (-9.96%)

169

25 days ago

15/16 (93.75%)

$-12.17 (-6.14%)

283

Buy

227

$20.43 (9.89%)

222

1 months 15 days ago

24/29 (82.76%)

$44.19 (24.17%)

601

Buy

195

$-11.57 (-5.60%)

195

1 months 18 days ago

10/10 (100%)

$16.11 (9.01%)

329

Buy

200

$-6.57 (-3.18%)

183

2 months 8 days ago

5/5 (100%)

$30.14 (17.74%)

237

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What is FANG (Diamondback Energy) average time for price targets to be met?

On average it took 490.24 days on average for the stock forecasts to be realized with a an average price target met ratio 94.99

Which analyst has the current highest performing score on FANG (Diamondback Energy) with a proven track record?

KASHY HARRISON

Which analyst has the most public recommendations on FANG (Diamondback Energy)?

Kashy Harrison works at PIPER SANDLER and has 13 price targets and 14 ratings on FANG

Which analyst is the currently most bullish on FANG (Diamondback Energy)?

Neal Dingmann with highest potential upside - $41.43

Which analyst is the currently most reserved on FANG (Diamondback Energy)?

Gail Nicholson with lowest potential downside - -$161.57

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