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Diamondback Energy Inc has a consensus price target of $208.08 based on the ratings of 25 analysts. The high is $255 issued by Truist Securities on August 7, 2024. The low is $154 issued by Benchmark on August 6, 2024. The 3 most-recent analyst ratings were released by UBS, RBC Capital, and Morgan Stanley on September 18, 2024, September 17, 2024, and September 16, 2024, respectively. With an average price target of $213.67 between UBS, RBC Capital, and Morgan Stanley, there's an implied 18.71% upside for Diamondback Energy Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Diamondback Energy (NASDAQ:FANG) was reported by UBS on September 18, 2024. The analyst firm set a price target for $223.00 expecting FANG to rise to within 12 months (a possible 23.89% upside). 73 analyst firms have reported ratings in the last year.
The latest analyst rating for Diamondback Energy (NASDAQ:FANG) was provided by UBS, and Diamondback Energy maintained their buy rating.
The last upgrade for Diamondback Energy Inc happened on February 12, 2024 when B of A Securities raised their price target to $170. B of A Securities previously had an underperform for Diamondback Energy Inc.
The last downgrade for Diamondback Energy Inc happened on October 23, 2023 when Citigroup changed their price target from $160 to $170 for Diamondback Energy Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Diamondback Energy, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Diamondback Energy was filed on September 18, 2024 so you should expect the next rating to be made available sometime around September 18, 2025.
While ratings are subjective and will change, the latest Diamondback Energy (FANG) rating was a maintained with a price target of $247.00 to $223.00. The current price Diamondback Energy (FANG) is trading at is $179.99, which is out of the analyst’s predicted range.
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