Diamondback Energy (FANG) experienced a price increase of 3.00%, reaching a 20-day high despite the broader market decline, with the Nasdaq-100 down 1.55% and the S&P 500 down 0.85%.
The surge in options trading volume, reaching 7,869 contracts, indicates strong market interest in Diamondback's future performance. Investors are particularly focused on the $175 strike call option, reflecting expectations for upward movement before expiration. This activity comes amid a challenging market environment, where oil prices have dropped significantly, potentially impacting the company's financial outlook.
The implications of this trading activity suggest that investors are positioning themselves for potential gains in Diamondback Energy, despite the overall market weakness. The upcoming earnings report on February 23 will be crucial for assessing the company's performance and guiding future investment decisions.
Wall Street analysts forecast FANG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FANG is 179.35 USD with a low forecast of 150.00 USD and a high forecast of 219.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
21 Analyst Rating
Wall Street analysts forecast FANG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FANG is 179.35 USD with a low forecast of 150.00 USD and a high forecast of 219.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
20 Buy
1 Hold
0 Sell
Strong Buy
Current: 160.270
Low
150.00
Averages
179.35
High
219.00
Current: 160.270
Low
150.00
Averages
179.35
High
219.00
Piper Sandler
Overweight
maintain
$215 -> $218
2026-01-28
New
Reason
Piper Sandler
Price Target
$215 -> $218
AI Analysis
2026-01-28
New
maintain
Overweight
Reason
Piper Sandler raised the firm's price target on Diamondback Energy to $218 from $215 and keeps an Overweight rating on the shares. Discussing the space, the firm says that for Q4, it anticipates strong prints from the gas equities, while WAHA pricing and weak oil and NGL prices were a headwind for oil names. Heading into FY26, the expectations are broadly for maintenance programs across Piper's oil coverage, while a number of gas producers are pushing for growth in response to increased LNG demand.
Wells Fargo
Wells Fargo
Overweight
maintain
$169 -> $171
2026-01-27
New
Reason
Wells Fargo
Wells Fargo
Price Target
$169 -> $171
2026-01-27
New
maintain
Overweight
Reason
Wells Fargo raised the firm's price target on Diamondback Energy to $171 from $169 and keeps an Overweight rating on the shares. The oil macro remains pressured, with downside-skewed fundamentals as rising OPEC supply and strong non-OPEC growth point to a near-term surplus and continued price pressure, Wells notes. Amid a softer macro, the firm favors low-reinvestment, capital-disciplined frameworks, with 2026 plans broadly stable across the group.
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Morgan Stanley
Overweight
downgrade
$183 -> $171
2026-01-23
Reason
Morgan Stanley
Price Target
$183 -> $171
2026-01-23
downgrade
Overweight
Reason
Morgan Stanley lowered the firm's price target on Diamondback Energy to $171 from $183 and keeps an Overweight rating on the shares. The firm marked its 2026-27 oil price deck for strip as of January 7 in conjunction with its Q4 preview for the E&Ps, oil majors and Canadian producers. The firm expects "fairly clean" Q4 operational updates but lighter cash flow from price realizations, the analyst tells investors in the preview.
Mizuho
Outperform
to
Outperform
downgrade
$195 -> $194
2026-01-22
Reason
Mizuho
Price Target
$195 -> $194
2026-01-22
downgrade
Outperform
to
Outperform
Reason
Mizuho lowered the firm's price target on Diamondback Energy to $194 from $195 and keeps an Outperform rating on the shares. The firm updated the company's model ahead of the Q4 report.
About FANG
Diamondback Energy, Inc. is an independent oil and natural gas company, focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas. The Company's activities are primarily directed at the horizontal development of the Wolfcamp and Spraberry formations in the Midland Basin and the Wolfcamp and Bone Spring formations in the Delaware Basin within the Permian Basin. Its subsidiary, Viper Energy, Inc., is focused on owning and acquiring mineral interests and royalty interests in oil and natural gas properties primarily in the Permian Basin and derives royalty income and lease bonus income from such interests. The Company has approximately 859,203 net acres, which primarily consists of 742,522 net acres in the Midland Basin and 116,681 net acres in the Delaware Basin. Its subsidiaries include Diamondback E&P LLC, Rattler Midstream GP LLC, Rattler Midstream LP and QEP Resources, Inc.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
