Barclays has revised its price target for Diamondback Energy (FANG, Financial), reducing it to $185 from the previous $200. Despite this adjustment, the firm maintains an Overweight rating on the stock. This change comes as part of a broader analysis of the integrated oil, exploration, and production sector for the first quarter.
Barclays' decision is influenced by the current macroeconomic conditions, emphasizing the resilience of companies with low break-even costs and robust balance sheets in coping with low oil price environments. The bank has also revised its oil price projections downward, setting them at $60 for 2025 and $65 for 2026, reflecting ongoing uncertainties in the sector.
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 $192.47 with a high estimate of $242.00 and a low estimate of $145.00. The average target implies an upside of 40.96% from the current price of $136.54. 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 21% from the current price of $136.54. 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.
