Diamondback Energy (FANG) Valuation Update - Jan 21

[dan_s]

At the time of this post FANG was trading at $176.95

TipRanks: "In a report released today (Jan 21), Neal Dingmann from Truist Financial reiterated a Buy rating on Diamondback with a price target of $236.00."

My current valuation is $243.00

For a company of this size and quality, there is a very wide range of price targets.
TipRanks: "In the last 3 months, 23 ranked analysts set 12-month price targets for FANG. The average price target among the analysts is $214.09." The price targets range from $175 to $255.

Q4 2024 will be the first full quarter since they closed the "Mega Merger" with Endeavor Energy (a private company). Diamondback recently updated their Q4 production guidance to include the impact of the merger. It appears that some of the price targets submitted to TipRanks are using the older much lower production guidance.