Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico. As of December 31, 2020, the company's total acreage position was approximately 449,642 gross acres in the Permian Basin; and estimated proved oil and natural gas reserves were 1,316,441 thousand barrels of crude oil equivalent. It also held working interests in 4,326 gross producing wells, as well as royalty interests in 4,553 additional wells. In addition, the company owns mineral interests approximately 787,264 gross acres and 24,350 net royalty acres in the Permian Basin and Eagle Ford Shale; and owns, operates, develops, and acquires midstream infrastructure assets, including 927 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system in the Midland and Delaware Basins of the Permian Basin. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.
IPO Year: 2012
Exchange: NASDAQ
Website: diamondbackenergy.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/6/2025 | $165.00 | Outperform | Evercore ISI |
| 5/2/2025 | $180.00 | Outperform | RBC Capital Mkts |
| 4/29/2025 | $170.00 | Neutral → Buy | BofA Securities |
| 4/7/2025 | $180.00 | Neutral → Buy | Citigroup |
| 1/3/2025 | $190.00 | Peer Perform → Outperform | Wolfe Research |
| 12/2/2024 | $227.00 | Buy | Goldman |
| 10/14/2024 | $195.00 | Neutral | Citigroup |
| 10/4/2024 | $205.00 → $215.00 | Market Perform → Outperform | BMO Capital Markets |
| 10/2/2024 | $216.00 → $210.00 | Equal Weight → Overweight | Barclays |
| 10/2/2024 | $167.00 → $182.00 | Overweight | JP Morgan |
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
4 - Diamondback Energy, Inc. (0001539838) (Issuer)
Evercore ISI resumed coverage of Diamondback Energy with a rating of Outperform and set a new price target of $165.00
RBC Capital Mkts resumed coverage of Diamondback Energy with a rating of Outperform and set a new price target of $180.00
BofA Securities upgraded Diamondback Energy from Neutral to Buy and set a new price target of $170.00
Citigroup upgraded Diamondback Energy from Neutral to Buy and set a new price target of $180.00
Wolfe Research upgraded Diamondback Energy from Peer Perform to Outperform and set a new price target of $190.00
Goldman resumed coverage of Diamondback Energy with a rating of Buy and set a new price target of $227.00
Citigroup resumed coverage of Diamondback Energy with a rating of Neutral and set a new price target of $195.00
BMO Capital Markets upgraded Diamondback Energy from Market Perform to Outperform and set a new price target of $215.00 from $205.00 previously
Barclays upgraded Diamondback Energy from Equal Weight to Overweight and set a new price target of $210.00 from $216.00 previously
JP Morgan resumed coverage of Diamondback Energy with a rating of Overweight and set a new price target of $182.00 from $167.00 previously