What Are Wall Street Analysts' Target Price for Diamondback Energy Stock?
Diamondback Energy, Inc. (FANG), headquartered in Midland, Texas, operates as an independent oil and natural gas exploration and production company. With a market cap of $40.6 billion, the company acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas.
Shares of this leading independent oil and gas company have considerably underperformed the broader market over the past year. FANG has declined 28.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 16.4%. In 2025, FANG stock is down 14.4%, compared to the SPX’s 9.7% rise on a YTD basis.
Narrowing the focus, FANG’s underperformance is also apparent compared to the iShares U.S. Oil & Gas Exploration & Production ETF (IEO). The exchange-traded fund has declined about 9.2% over the past year. Moreover, the ETF’s 1.5% dip on a YTD basis outshines the stock’s double-digit losses over the same time frame.
On Aug. 4, FANG shares closed up more than 1% after reporting its Q2 results. Its adjusted EPS of $2.67 topped Wall Street expectations of $2.63. The company’s revenue was $3.7 billion, topping Wall Street forecasts of $3.3 billion.
For the current fiscal year, ending in December, analysts expect FANG’s EPS to decline 20.1% to $13.24 on a diluted basis. The company’s earnings surprise history is mixed. It beat the consensus estimate in three of the last four quarters while missing the forecast on another occasion.
Among the 29 analysts covering FANG stock, the consensus is a “Strong Buy.” That’s based on 23 “Strong Buy” ratings, three “Moderate Buys,” and three “Holds.”
The configuration has been consistent over the past three months.
On Aug. 14, Piper Sandler Companies (PIPR) analyst Mark Lear kept an “Overweight” rating on FANG and lowered the price target to $222, the Street-high price target, implying an ambitious potential upside of 58.3% from current levels.
The mean price target of $185.32 represents a 32.2% premium to FANG’s current price levels.
On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
