FANG Price Prediction Next Week
Based on the provided data and recent market developments, here's the analysis for FANG's price prediction for next week:
Technical Analysis
- Current price: $158.34
- RSI indicates oversold conditions, suggesting potential upward momentum
- Recent price action shows a downward trend, with the stock falling 27.2% from its 52-week high of $214.50
News Impact Analysis
Positive factors:
- Strong analyst consensus with "Strong Buy" rating from 27 analysts
- Mean price target of $216.74 suggests 38.9% upside potential
- Company maintains solid operational performance in Permian Basin with 2.2 billion barrels of oil equivalent reserves
Risk factors:
- Underperformance compared to S&P 500 over recent periods
- Oil price volatility could impact short-term performance
Price Prediction for Next Week Based on technical indicators and current market conditions:
- Support level: $155
- Resistance level: $162
- Expected trading range: $156-$161
Target Price: $160.50 (approximately +1.4% from current price)
Trading Recommendation: BUY
- Entry point: Current market price ($158.34)
- Stop loss: $155
- Take profit: $162
The recommendation is based on:
- Oversold technical conditions suggesting a potential bounce
- Strong analyst consensus and significant upside potential
- Solid fundamental business performance in Permian Basin operations
FANG Similar Chart Price Prediction
The price of FANG is predicted to go up 19.36%, based on the high correlation periods with HBIO. The similarity of these two price pattern on the periods is 98.68%.
FANG
HBIO
Up: 19.36%Similarity: 98.68%
FANG Revenue Forecast
FANG EPS Forecast
FANG FAQs
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FANG VS S&P500
Diamondback is one of the lowest-cost oil producers operating in the United States.
The firm generates substantial free cash under a wide range of commodity scenarios and has to pledged to return at least 50% of that to shareholders.
Diamondback has been an early adopter of returns-enhancing technology in the field, and is expected to remain at the leading edge.
FANG Analyst's Forecast
Arun Jayaram
JP Morgan
Buy
Price Target
$191 → $195
Upside
+8.23%
JPMorgan raised the firm's price target on Diamondback Energy to $195 from $191 and keeps an Overweight rating on the shares. The firm expects a relatively in-line quarter and updated its model for recent strip pricing.
John Freeman
Raymond James
Strong Buy
Price Target
$232 → $237
Upside
+31.58%
Biju Perincheril
Susquehanna
Buy
Price Target
$237 → $233
Upside
+26.64%