Morgan Stanley Rates Diamondback Energy (FANG) buy

Morgan Stanley maintains its buy rating on Diamondback Energy, Inc. with a $216 price target, a 22.88% upside from the current price.

By EarningsIQ Research Desk · Published Jun 29, 2026, 2:03 PM EDT · Updated Jul 1, 2026, 3:01 PM EDT

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Morgan Stanley rated Diamondback Energy, Inc. ($FANG) "buy" with a $216 price target on June 29, 2026.

Since the rating, $FANG is down 3.8% after 1 week, up 10.3% after 1 month and up 13.6% to date (from the $179.55 close on Jun 29, 2026).

FANG Diamondback Energy, Inc.

$203.95 +36.17% year to date

Daily close · Oct 16, 2026

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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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Diamondback Energy, Inc. alert may contain errors. Disclosures

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.

Analyst rating track record

Morgan Stanley vs. the S&P 500

YTD return +40.15% hypothetical

All-time return +36.50% S&P 500 +33.97%

vs. S&P 500 +2.53% ahead of the index

Hypothetical returns from Morgan Stanley's disclosed trades, not real profit or advice. How we model this.

Diamondback Energy, Inc. Stock Down 10.1%

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.

12-month forecast

$FANG price target

Diamondback Energy, Inc. daily closes and this analyst's $216 target. Not 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.