Diamondback Energy Stock Forecast

Stock Price Forecast

The 19 analysts with 12-month price forecasts for Diamondback Energy stock have an average target of 209.21, with a low estimate of 154 and a high estimate of 255. The average target predicts an increase of 7.51% from the current stock price of 194.59.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$154	$209.21	$215	$255
Change	-20.86%	+7.51%	+10.49%	+31.04%

Analyst Ratings

The average analyst rating for FANG stock from 19 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	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24	May '24
Strong Buy	8	8	8	8	7	7
Buy	7	6	7	8	8	8
Hold	1	1	3	3	4	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	16	15	18	19	19	19

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Nitin Kumar Mizuho	Mizuho	Strong Buy Maintains $217 → $222	Strong Buy	Maintains	$217 → $222	+14.09%	May 13, 2024
Scott Hanold RBC Capital	RBC Capital	Buy Maintains $195 → $220	Buy	Maintains	$195 → $220	+13.06%	May 6, 2024
Roger Read Wells Fargo	Wells Fargo	Buy Maintains $227 → $224	Buy	Maintains	$227 → $224	+15.11%	May 2, 2024
Derrick Whitfield Stifel	Stifel	Strong Buy Maintains $224 → $229	Strong Buy	Maintains	$224 → $229	+17.68%	Apr 23, 2024
Neal Dingmann Truist Securities	Truist Securities	Strong Buy Maintains $248 → $250	Strong Buy	Maintains	$248 → $250	+28.48%	Apr 22, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

9.14B

from 8.41B

8.62%

from 8.41B

Revenue Next Year

15.73B

from 9.14B

72.14%

from 9.14B

EPS This Year

18.20

from 17.34

4.98%

from 17.34

EPS Next Year

20.24

from 18.20

11.19%

from 18.20

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	3.96B	2.81B	6.80B	9.64B	8.41B	9.14B	15.73B	15.10B	12.75B	13.10B
Revenue Growth	82.17%	-29.04%	141.63%	41.87%	-12.77%	8.62%	72.14%	-4.01%	-15.55%	2.75%
EPS	1.47	-28.61	12.24	24.61	17.34	18.20	20.24	19.44	14.50	16.58
EPS Growth	-81.76%	-	-	101.06%	-29.54%	4.98%	11.19%	-3.96%	-25.41%	14.32%
No. Analysts	-	-	-	-	-	29	26	14	4	4

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	11.3B	18.9B	18.4B	13.1B	13.5B
Avg	9.1B	15.7B	15.1B	12.8B	13.1B
Low	7.5B	13.9B	11.5B	12.3B	12.6B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	34.7%	107.0%	16.9%	-13.1%	5.8%
Avg	8.6%	72.1%	-4.0%	-15.6%	2.8%
Low	-11.2%	51.7%	-27.1%	-18.9%	-1.3%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	21.94	26.64	25.11	16.96	20.58
Avg	18.20	20.24	19.44	14.50	16.58
Low	13.14	14.46	10.98	12.03	12.64

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	26.5%	46.3%	24.0%	-12.8%	41.9%
Avg	5.0%	11.2%	-4.0%	-25.4%	14.3%
Low	-24.2%	-20.5%	-45.8%	-38.1%	-12.8%

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.