Diamondback Energy, Inc. (FANG)
NASDAQ: FANG · IEX Real-Time Price · USD
198.17
+1.64 (0.83%)
At close: Mar 28, 2024, 4:00 PM
198.76
+0.59 (0.30%)
After-hours: Mar 28, 2024, 7:51 PM EDT
Diamondback Energy Stock Forecast
Stock Price Forecast
The 19 analysts with 12-month price forecasts for Diamondback Energy stock have an average target of 194.11, with a low estimate of 154 and a high estimate of 227. The average target predicts a decrease of -2.05% from the current stock price of 198.17.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for FANG stock from 19 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
Rating | Oct '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 10 | 9 | 8 | 8 | 8 | 8 |
Buy | 8 | 7 | 7 | 6 | 7 | 8 |
Hold | 1 | 1 | 1 | 1 | 3 | 3 |
Sell | 1 | 1 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 20 | 18 | 16 | 15 | 18 | 19 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Morgan Stanley | Morgan Stanley | Buy Maintains $177 → $186 | Buy | Maintains | $177 → $186 | -6.14% | Mar 28, 2024 |
Evercore ISI Group | Evercore ISI Group | Buy Maintains $185 → $215 | Buy | Maintains | $185 → $215 | +8.49% | Mar 25, 2024 |
Stifel | Stifel | Strong Buy Maintains $192 → $224 | Strong Buy | Maintains | $192 → $224 | +13.03% | Mar 22, 2024 |
Keybanc | Keybanc | Buy Maintains $186 → $210 | Buy | Maintains | $186 → $210 | +5.97% | Mar 21, 2024 |
Wells Fargo | Wells Fargo | Buy Maintains $189 → $203 | Buy | Maintains | $189 → $203 | +2.44% | Mar 12, 2024 |
Financial Forecast
Revenue This Year
8.95B
from 8.41B
Increased by 6.34%
Revenue Next Year
13.81B
from 8.95B
Increased by 54.42%
EPS This Year
17.56
from 17.34
Increased by 1.26%
EPS Next Year
19.95
from 17.56
Increased by 13.61%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 10.8B | 18.9B | 18.4B | 8.0B | 8.3B |
Avg | 8.9B | 13.8B | 15.3B | 7.7B | 8.1B |
Low | 7.5B | 7.7B | 11.9B | 7.4B | 7.8B |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 28.1% | 111.4% | 33.2% | -48.0% | 7.6% |
Avg | 6.3% | 54.4% | 11.0% | -49.5% | 4.5% |
Low | -11.2% | -14.4% | -13.7% | -51.5% | 0.4% |
EPS Forecast
EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 20.08 | 28.57 | 27.61 | 22.10 | 23.99 |
Avg | 17.56 | 19.95 | 20.03 | 17.64 | 19.16 |
Low | 13.14 | 14.46 | 11.69 | 13.26 | 14.43 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 15.8% | 62.7% | 38.4% | 10.3% | 36.0% |
Avg | 1.3% | 13.6% | 0.4% | -12.0% | 8.6% |
Low | -24.2% | -17.6% | -41.4% | -33.8% | -18.2% |
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.