Diamondback Energy

FANG · NASDAQ

$202.42−$0.70 (−0.34%)TodayMarket closed · Oct 20, 7:41 PM ET

Prev close $203.12

FANG analyst rating

BuyConsensus of 22 analysts over the last 12 months. 82% rate it a buy.

Strong buy1
Buy17
Hold4
Underperform0
Sell0

12-month price target · 33 analysts

Average $235.45 (+16.3% upside)

Low: $194.93
Now: $202.42
High: $297.15

Upgrades and downgrades

The latest rating actions, newest first

FANG analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Scotiabank	Oct 15, 2026	Initiates	Sector Outperform	$250.00	59%
Morgan Stanley	Oct 15, 2026	Maintains	Equal-Weight	$216.00 → $222.00	66%
RBC Capital	Oct 14, 2026	Maintains	Outperform	$240.00	53%
Raymond James	Sep 17, 2026	Maintains	Strong Buy	$248.00 → $255.00	62%
UBS	Sep 14, 2026	Maintains	Buy	$243.00 → $253.00	55%
Seaport Global	Sep 3, 2026	Initiates	Neutral	—	67%
Morgan Stanley	Aug 19, 2026	Downgrade	Overweight → Equal-Weight	$216.00	66%
Barclays	Aug 17, 2026	Maintains	Overweight	$232.00 → $221.00	53%
Citigroup	Aug 10, 2026	Maintains	Buy	$221.00 → $220.00	48%
Truist Securities	Aug 5, 2026	Maintains	Buy	$220.00 → $224.00	63%

The case for and against

Updated Oct 7, 2025

Bull case

Diamondback Energy has established itself as one of the largest independent operators in the Permian Basin, bolstered by recent acquisitions and its status as the lowest cost producer in the region. The company reported net proven reserves of 3.6 billion barrels of oil equivalent and maintained an average production of approximately 598,000 barrels per day in 2024, demonstrating robust operational efficiency. Additionally, Diamondback Energy's ability to generate growing free cash flow allowed for dividend growth and debt reduction, positioning the company favorably for future operational and financial stability.

Bear case

Diamondback Energy's outlook is negatively impacted by potential underperformance in well capabilities and drilling/completion techniques, which could lead to discrepancies between actual results and company type curves and cost estimates. Additionally, constrained transportation capacity in key operating areas may result in shut-in production and reduced activity, exacerbating the already precarious situation. Lastly, the company's reliance on various assumptions related to commodity prices, resource potential, and drilling success introduces significant risk, as any decline in oil or natural gas prices could severely affect its financial condition and operational results.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.