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FANG

Diamondback Energy Inc

NASDAQ: FANG · ENERGY · OIL & GAS E&P

$205.32
+2.63% today

Updated 2026-04-29

Market cap
$54.81B
P/E ratio
34.00
P/S ratio
3.83x
EPS (TTM)
$5.73
Dividend yield
2.07%
52W range
$124 – $205
Volume
3.5M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Diamondback Energy Inc (FANG) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$205.32
Consensus
$210.80
+2.67%
2030 Target
$756.13
+268.27%
DCF
$303.12
+44.24% MoS
22 analysts:
13 Buy1 Hold0 Sell

Management guidance

No specific CEO revenue targets disclosed in available materials. Management has indicated increased production for 2026 and plans capital expenditure for exploration to boost oil recoveries, but no quantified revenue guidance through 2030 was provided.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$1,279.61
$17.9B Rev × 20x P/S
Base case (2030)
$756.13
$17.9B Rev × 12x P/S
Bear case (2030)
$504.09
$17.9B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$8.3B$11.0B$15.0B$15.6B$15.9B$16.4B$17.1B$17.9B
Revenue growth—32.2%36.3%7.9%1.5%3.4%4.4%4.5%
EPS$18.01$16.04$12.03$10.20$13.57$14.20$15.10$15.90
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$659.19$678.58$697.97$736.74$756.13

Catalysts & risks

Growth catalysts
+ Q1 2026 earnings report (May 5, 2026) with updated production and capital guidance
+ Permian Basin production expansion in Midland and Delaware basins through 2026-2027
+ Debt refinancing and capital structure optimization (ongoing tender offers signal financial flexibility)
+ Geopolitical oil price support from Middle East tensions maintaining elevated crude pricing
+ Free cash flow generation and shareholder return acceleration as capex moderates
Key risks
- Crude oil price volatility below $70-75/bbl would materially compress realized prices and cash flow
- Regulatory risk from potential U.S. policy changes impacting E&P operations and lease sales
- Operator risk on third-party assets; production dependent on partner execution
- Commodity price correlation: 35.8% YoY revenue growth in 2025 driven primarily by Brent pricing above $80
- Shareholder dilution from recent secondary offering and insider selling reducing float benefits

Methodology

Diamondback Energy Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 22 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.