Barclays Raises its Price Target on Diamondback (FANG) to $225

Diamondback Energy, Inc. (NASDAQ:FANG) is one of the 10 All-Time High But Still Undervalued Stocks to Invest In.

On May 5, 2026, Barclays raised its price target on Diamondback Energy, Inc. (NASDAQ:FANG) to $225 from $190 previously and maintained an Overweight rating after the company posted Q1 results. The firm said production came in ahead of expectations while capital expenditures were in line, adding that efficiency gains and well performance could continue driving upside production surprises.

A day earlier, Diamondback Energy, Inc. (NASDAQ:FANG) reported Q1 adjusted EPS of $4.23 versus $3.75 consensus and revenue of $4.24B compared to $3.93B expected. Average oil production during the quarter was 521 MBO/d. The company also raised its FY26 capital expenditures outlook to $3.9B from $3.75B and increased its FY26 oil production forecast to at least 520 MBO/d from 500-510 MBO/d. For Q2, Diamondback Energy, Inc. (NASDAQ:FANG) expects capital expenditures of $825M to $1.03B and oil production of 515-525 MBO/d.

Barclays Raises its Price Target on Diamondback (FANG) to $225

Diamondback Energy, Inc. (NASDAQ:FANG) also announced a 5% increase in its base cash dividend to $1.10 per common share for Q1 2026, payable on May 21 to shareholders of record on May 14.

Diamondback Energy, Inc. (NASDAQ:FANG) is an independent oil and natural gas company focused on the Permian Basin in West Texas.

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