Diamondback Energy, Inc. (FANG)
NASDAQ: FANG · IEX Real-Time Price · USD
197.17
+0.64 (0.33%)
Mar 28, 2024, 12:19 PM EDT - Market open

Diamondback Energy Stock Forecast

Stock Price Forecast

The 19 analysts with 12-month price forecasts for Diamondback Energy stock have an average target of 193.21, with a low estimate of 154 and a high estimate of 227. The average target predicts a decrease of -2.01% from the current stock price of 197.17.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $154 $193.21 $195 $227
Change -21.89% -2.01% -1.10% +15.13%

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 '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 1098888
Buy 877678
Hold 111133
Sell 110000
Strong Sell 000000
Total 201816151819

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Evercore ISI Group
Evercore ISI Group
Buy
Maintains
$185$215
Buy Maintains $185$215 +9.04% Mar 25, 2024
Stifel
Stifel
Strong Buy
Maintains
$192$224
Strong Buy Maintains $192$224 +13.61% Mar 22, 2024
Keybanc
Keybanc
Buy
Maintains
$186$210
Buy Maintains $186$210 +6.51% Mar 21, 2024
Wells Fargo
Wells Fargo
Buy
Maintains
$189$203
Buy Maintains $189$203 +2.96% Mar 12, 2024
Piper Sandler
Piper Sandler
Buy
Maintains
$222$227
Buy Maintains $222$227 +15.13% Mar 7, 2024
More Analyst Ratings

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%
Year 2019202020212022202320242025202620272028
Revenue
3.96B2.81B6.80B9.64B8.41B8.95B13.81B15.34B7.74B8.10B
Revenue Growth
82.17%-29.04%141.63%41.87%-12.77%6.34%54.42%11.05%-49.51%4.55%
EPS
1.47-28.6112.2424.6117.3417.5619.9520.0317.6419.16
EPS Growth
-81.76%--101.06%-29.54%1.26%13.61%0.41%-11.95%8.65%
No. Analysts -----30261044
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
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 20242025202620272028
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 20242025202620272028
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 20242025202620272028
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.