Morgan Stanley Reiterates Buy Rating on Diamondback Energy
Morgan Stanley maintains its buy rating on Diamondback Energy, Inc. with a $216 price target, a 22.88% upside from the current price.
Key Points
- Morgan Stanley reiterated its buy rating on Diamondback Energy, Inc. (FANG) with a price target of $216 on June 29, 2026.
- Morgan Stanley's $216 price target implies 22.88% upside from Diamondback Energy, Inc.'s ($FANG) current $175.78 share price.
- Shares of Diamondback Energy traded near $179.91 on Monday, with a market cap of about $50.6 billion and a forward P/E of 10.2.
- Recent insider sales include 10 million shares by SGF FANG Holdings, LP on June 4, 2026, at a price of $204.25.
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Morgan Stanley has reiterated its buy rating on Diamondback Energy, Inc. (NasdaqGS: FANG) with a price target of $216, as announced on June 29, 2026. Analyst Devin McDermott highlighted the company's prospects in the oil and gas sector.
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Diamondback Energy, Inc. Stock Down 11.1%
Shares of Diamondback Energy traded near $179.91 on Monday. The company has a market cap of approximately $50.6 billion and a forward P/E ratio of 10.2, indicating relatively low expectations for future earnings growth. The stock's 52-week range spans from $134.3 to $214.51, with a 50-day moving average of $195.50 and a 200-day moving average of $167.97. The company has a beta of 0.391, suggesting lower volatility compared to the market.
$FANG price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Diamondback Energy reported revenue of about $14.46 billion, with a modest growth rate of 4.2%. The company's net margin stands at 1.96%, and its return on equity is 0.47%. Earnings per share were reported at $0.97. Investors can look forward to the next earnings announcement on August 3, 2026.
Dividend
The company offers an annual dividend rate of $4.40, yielding 2.45%. With a payout ratio of 4.13%, Diamondback Energy maintains a conservative approach to its dividend policy.
Insider Buying and Selling at Diamondback Energy, Inc.
Insider activity has seen several sales recently. SGF FANG Holdings, LP sold 10 million shares on June 4, 2026, at $204.25 each. CEO Matthew Kaes Van't Hof also sold 2,674 shares on June 17, 2026. Other insiders, including Charles Alvin Meloy and Teresa Dick, executed planned and unplanned sales in June.
Analysts Set New Price Targets
On June 29, 2026, Morgan Stanley maintained its buy rating on Diamondback Energy with a target price of $216. Other firms like Mizuho and Barclays have also maintained buy ratings, with targets of $240 and $232, respectively. The consensus among 28 analysts is a strong buy, with a mean target price of $233.89.
About Diamondback Energy
Diamondback Energy, Inc. is an independent oil and natural gas company based in Midland, Texas. Founded in 2007, the company focuses on acquiring, developing, and exploiting unconventional oil and gas reserves in the Permian Basin of West Texas and New Mexico. Led by CEO Matthew Kaes Van't Hof, the company employs 1,762 people and is a key player in the energy sector.
Bottom Line
Morgan Stanley's reiteration of its buy rating on Diamondback Energy underscores the firm's confidence in the company's future. With a solid market position and upcoming earnings, Diamondback Energy remains a company to watch. It's important to note that analyst ratings are based on past data and market conditions, and investors should consider multiple factors when evaluating stocks.
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