Diamondback Energy, Inc. (FANG)
NASDAQ: FANG · Real-Time Price · USD
175.81
-0.96 (-0.54%)
At close: Nov 1, 2024, 4:00 PM
175.60
-0.21 (-0.12%)
After-hours: Nov 1, 2024, 7:25 PM 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 214.9, with a low estimate of 182 and a high estimate of 252. The average target predicts an increase of 22.23% from the current stock price of 175.81.
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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 7 | 7 | 6 | 6 | 6 |
| Buy | 8 | 9 | 9 | 9 | 9 | 12 |
| Hold | 4 | 5 | 5 | 5 | 6 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 19 | 21 | 21 | 20 | 21 | 21 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Benchmark | Benchmark | Strong Buy Reiterates $195 | Strong Buy | Reiterates | $195 | +10.92% | Oct 29, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $219 → $218 | Buy | Maintains | $219 → $218 | +24.00% | Oct 18, 2024 |
| Susquehanna | Susquehanna | Buy Maintains $237 → $233 | Buy | Maintains | $237 → $233 | +32.53% | Oct 18, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $220 → $230 | Strong Buy | Maintains | $220 → $230 | +30.82% | Oct 16, 2024 |
| Keybanc | Keybanc | Buy Maintains $225 → $216 | Buy | Maintains | $225 → $216 | +22.86% | Oct 16, 2024 |
Financial Forecast
Revenue This Year
10.49B
from 7.96B
Increased by 31.80%
Revenue Next Year
15.04B
from 10.49B
Increased by 43.40%
EPS This Year
17.45
from 17.34
Increased by 0.66%
EPS Next Year
17.40
from 17.45
Decreased by -0.29%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 12.2B | 17.9B | 17.8B | ||
| Avg | 10.5B | 15.0B | 15.3B | ||
| Low | 8.6B | 11.4B | 12.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 53.2% | 70.5% | 18.4% | ||
| Avg | 31.8% | 43.4% | 1.6% | ||
| Low | 8.3% | 8.9% | -16.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.90 | 23.67 | 25.18 | ||
| Avg | 17.45 | 17.40 | 18.47 | ||
| Low | 13.40 | 10.56 | 13.13 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.5% | 35.6% | 44.7% | ||
| Avg | 0.7% | -0.3% | 6.1% | ||
| Low | -22.7% | -39.5% | -24.5% |
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.