FANG
Diamondback Energy Inc
NASDAQ: FANG · ENERGY · OIL & GAS E&P
$196.15
-5.09% today
Updated 2026-06-05
Market cap
$56.94B
P/E ratio
208.66
P/S ratio
3.94x
EPS (TTM)
$0.97
Dividend yield
2.09%
52W range
$131 – $213
Volume
2.8M
Diamondback Energy Inc (FANG) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed FANG price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$196.15
Today
Analyst consensus
$210.80
+7.47% · 12M
2030 Base
—
— future
NPV today
—
@ — WACC
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
FANG · Diamondback Energy Inc · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
—
NPV today: —
Base case (2030)
—
NPV today: —
Bull case (2030)
—
NPV today: —
WallStSmart.com
FANG financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $15.0B | $15.6B | $15.9B | $16.4B | $17.1B | $17.9B |
| Revenue growth | 36.3% | 7.9% | 1.5% | 3.4% | 4.4% | 4.5% |
| Net margin | — | — | — | — | — | — |
| EPS | $12.03 | $10.20 | $13.57 | $14.20 | $15.10 | $15.90 |
| Diluted shares | — | — | — | — | — | — |
| Net debt | — | — | — | — | — | — |
| P/S multiple | — | 2.0x | 2.0x | 2.0x | 2.0x | 2.0x |
| Implied price (base) | — | $659.19 | $678.58 | $697.97 | $736.74 | $756.13 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $17.9B | $17.9B | $17.9B |
| P/S multiple | 1.0x | 2.0x | 4.0x |
| Diluted shares | 0M | 0M | 0M |
| Net debt | — | — | — |
| Implied P/E † | — | — | — |
| 2030 Price | $— | $— | $— |
| NPV @ — | $— | $— | $— |
† Implied P/E: Multiples remain elevated across all three scenarios because FANG is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $— base case
FANG catalysts and 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 2030 stock forecast model
Diamondback Energy Inc 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 22 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (-100% cumulative for FANG by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory (— by 2030) |
| 3. Time value | NPV calculated using — WACC (sector fallback) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 2.0x / bull 4.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.
FANG price target FAQ
How is the Diamondback Energy Inc 2030 stock forecast calculated?
The FANG 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
What is the analyst consensus on FANG stock?
22 analysts cover FANG with an average 12-month price target of $210.80. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.