Diamondback Energy Price Target Raised to $180 by Scotiabank

Scotiabank raised Diamondback Energy's price target to $180 from $175 and maintained an Outperform rating. The firm is updating price targets for US Integrated Oil, Refining, and Large Cap E&P stocks.

Scotiabank has increased its price target for Diamondback Energy (NASDAQ:FANG) to $180 from the previous $175, while maintaining an "Outperform" rating. This adjustment is part of the bank's broader update of price targets for U.S. Integrated Oil, Refining, and Large Cap Exploration and Production (E&P) companies within its portfolio. The move reflects Scotiabank's confidence in Diamondback Energy's potential and aligns with its ongoing analysis of the energy sector [1].

Diamondback Energy, an independent oil and natural gas company, focuses on the development of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. The company's primary focus is on the Spraberry and Wolfcamp formations of the Midland basin and the Wolfcamp and Bone Spring formations of the Delaware basin.

Analysts have provided varied ratings and price targets for Diamondback Energy. According to MarketBeat.com, the average target price for Diamondback Energy is $193.35, with a consensus recommendation of "Buy" from 31 brokerage firms. This indicates strong buy signals from Wall Street analysts [1].

Diamondback Energy reported robust earnings for the quarter ending May 5, 2025, with earnings per share (EPS) of $4.54, beating analysts' consensus estimates of $3.67. The company's quarterly revenue was up 81.8% compared to the same quarter last year. The firm also declared a quarterly dividend of $1.00 per share, representing a $4.00 annualized dividend and a dividend yield of 2.81% [2].

Institutional investors have shown increased interest in Diamondback Energy. TD Private Client Wealth LLC acquired 6,730 shares of the company's stock during the first quarter, valued at approximately $1,076,000. Several other institutional investors, including Heritage Wealth Management Inc., Envestnet Asset Management Inc., and Bank of New York Mellon Corp, have also increased their stakes in the company [2].

Diamondback Energy's stock has experienced a trading volume of 1,333,363 shares on Friday, July 2, 2025, compared to its average volume of 2,292,204. The company's current ratio is 0.86, quick ratio is 0.83, and debt-to-equity ratio is 0.31. The stock has a market capitalization of $42.17 billion, a P/E ratio of 8.83, and a beta of 1.05. The firm's one-year low is $114.00 and one-year high is $214.50 [1].

References:
[1] https://www.marketbeat.com/instant-alerts/diamondback-energy-nasdaqfang-price-target-raised-to-18000-at-scotiabank-2025-07-11/
[2] https://www.ainvest.com/news/diamondback-energy-scotiabank-raises-pt-180-maintains-sector-outperform-2507/