Susquehanna has revised its price target for Diamondback Energy (FANG, Financial), reducing it from $219 to $194 while maintaining a Positive rating on the stock. This adjustment comes as the firm lowers its 2025 oil price projection to approximately $68 per barrel, with a long-term forecast for 2026 set at $67 per barrel.
The revision reflects changing market dynamics, including reduced global oil demand caused by tariffs and growing recession concerns, which have impacted oil prices at the start of the second quarter. Additionally, OPEC+ is poised to reverse its voluntary production cuts of 2.2 million barrels beginning in April, further increasing oil supply in the global market.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 28 analysts, the average target price for Diamondback Energy Inc (FANG, Financial) is $193.58 with a high estimate of $242.00 and a low estimate of $145.00. The average target implies an upside of 46.26% from the current price of $132.35. More detailed estimate data can be found on the Diamondback Energy Inc (FANG) Forecast page.
Based on the consensus recommendation from 31 brokerage firms, Diamondback Energy Inc's (FANG, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Diamondback Energy Inc (FANG, Financial) in one year is $165.21, suggesting a upside of 24.83% from the current price of $132.35. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Diamondback Energy Inc (FANG) Summary page.
