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Analysts Have Conflicting Sentiments on These Utilities Companies: BP (BP) and Diamondback (FANG)

Analysts have been eager to weigh in on the Utilities sector with new ratings on BP (BPResearch Report) and Diamondback (FANGResearch Report).

BP (BP)

Wells Fargo analyst Roger Read maintained a Sell rating on BP today and set a price target of $31.00. The company’s shares closed last Wednesday at $31.36.

According to TipRanks.com, Read is a 5-star analyst with an average return of 12.8% and a 67.0% success rate. Read covers the Utilities sector, focusing on stocks such as Occidental Petroleum, Marathon Petroleum, and Delek US Holdings.

BP has an analyst consensus of Moderate Buy, with a price target consensus of $36.83.

See today’s best-performing stocks on TipRanks >>

Diamondback (FANG)

In a report released today, John Freeman from Raymond James maintained a Buy rating on Diamondback, with a price target of $215.00. The company’s shares closed last Wednesday at $137.45, close to its 52-week high of $147.99.

According to TipRanks.com, Freeman is a top 25 analyst with an average return of 36.5% and a 63.6% success rate. Freeman covers the Utilities sector, focusing on stocks such as National Fuel Gas Company, Continental Resources, and Northern Oil And Gas.

Currently, the analyst consensus on Diamondback is a Strong Buy with an average price target of $183.95, which is a 31.2% upside from current levels. In a report issued on April 22, Stifel Nicolaus also maintained a Buy rating on the stock with a $222.00 price target.

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Read More on BP:

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