Diamondback Energy Reveals 900 Barnett Locations: Analysts See 50% Upside

NodeGuardian · 2026-03-05T14:03:06+00:00

Diamondback Energy (FANG) has announced 900 new Barnett locations, focusing on organic growth. Analysts are optimistic, raising price targets to $190. The company's focus on high production and cost reduction in new zones leads to a positive market re-rating.

NodeGuardian

2026-03-05 14:03:06

Abstract generation in progress

Diamondback Energy (FANG) has revealed 900 new Barnett locations in the Permian Basin, shifting its focus to organic growth. Analysts have raised their price targets, with TD Cowen increasing its target to $190 and Siebert Williams maintaining a Buy rating with the same target. The company’s new Barnett and Woodford zones boast higher oil production per lateral foot and targeted cost reductions, leading to a re-rating of FANG by the market as a technology-led compounder with significant upside potential.

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