Diamondback Energy, Inc. (FANG)
NASDAQ: FANG · IEX Real-Time Price · USD
205.47
-4.56 (-2.17%)
At close: Jul 19, 2024, 4:00 PM
205.00
-0.47 (-0.23%)
Pre-market: Jul 22, 2024, 7:16 AM EDT
Diamondback Energy Stock Forecast
Stock Price Forecast
The 20 analysts with 12-month price forecasts for Diamondback Energy stock have an average target of 211.7, with a low estimate of 154 and a high estimate of 250. The average target predicts an increase of 3.03% from the current stock price of 205.47.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for FANG stock from 21 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 8 | 8 | 7 | 7 | 7 | 7 |
| Buy | 7 | 8 | 8 | 8 | 9 | 9 |
| Hold | 3 | 3 | 4 | 4 | 5 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 18 | 19 | 19 | 19 | 21 | 21 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wolfe Research | Wolfe Research | Hold Initiates n/a | Hold | Initiates | n/a | n/a | Jul 18, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $247 → $249 | Buy | Maintains | $247 → $249 | +21.19% | Jul 18, 2024 |
| Bernstein | Bernstein | Buy Maintains $243 → $236 | Buy | Maintains | $243 → $236 | +14.86% | Jul 17, 2024 |
| Scotiabank | Scotiabank | Buy Maintains $255 → $245 | Buy | Maintains | $255 → $245 | +19.24% | Jul 12, 2024 |
| Keybanc | Keybanc | Buy Initiates $225 | Buy | Initiates | $225 | +9.51% | Jun 27, 2024 |
Financial Forecast
Revenue This Year
9.36B
from 8.41B
Increased by 11.26%
Revenue Next Year
16.10B
from 9.36B
Increased by 72.02%
EPS This Year
19.47
from 17.34
Increased by 12.29%
EPS Next Year
21.04
from 19.47
Increased by 8.05%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 11.3B | 18.3B | 17.0B | 16.6B | 16.9B |
| Avg | 9.4B | 16.1B | 15.1B | 14.4B | 14.8B |
| Low | 8.3B | 14.6B | 12.8B | 12.3B | 12.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 34.6% | 95.5% | 5.9% | 9.8% | 17.4% |
| Avg | 11.3% | 72.0% | -6.2% | -4.4% | 2.4% |
| Low | -1.7% | 56.4% | -20.6% | -18.9% | -12.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 23.02 | 26.43 | 24.42 | 21.07 | 21.37 |
| Avg | 19.47 | 21.04 | 19.70 | 16.49 | 17.97 |
| Low | 16.52 | 15.71 | 13.36 | 12.03 | 12.64 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 32.7% | 35.7% | 16.1% | 7.0% | 29.6% |
| Avg | 12.3% | 8.1% | -6.4% | -16.3% | 9.0% |
| Low | -4.7% | -19.3% | -36.5% | -38.9% | -23.3% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.