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Analysts Have Conflicting Sentiments on These Utilities Companies: Diamondback (FANG), Chesapeake Energy (CHK) and Duke Energy (DUK)

Analysts have been eager to weigh in on the Utilities sector with new ratings on Diamondback (FANGResearch Report), Chesapeake Energy (CHKResearch Report) and Duke Energy (DUKResearch Report).

Diamondback (FANG)

J.P. Morgan analyst Arun Jayaram maintained a Buy rating on Diamondback on July 15 and set a price target of $172.00. The company’s shares closed last Friday at $109.14.

According to TipRanks.com, Jayaram is a 4-star analyst with an average return of 6.1% and a 46.3% success rate. Jayaram covers the Utilities sector, focusing on stocks such as Continental Resources, Southwestern Energy, and Antero Resources.

Currently, the analyst consensus on Diamondback is a Strong Buy with an average price target of $186.88, representing a 71.4% upside. In a report issued on July 1, Citigroup also maintained a Buy rating on the stock with a $148.00 price target.

See the top stocks recommended by analysts >>

Chesapeake Energy (CHK)

In a report issued on July 15, Zach Parham from J.P. Morgan maintained a Buy rating on Chesapeake Energy, with a price target of $125.00. The company’s shares closed last Friday at $83.18.

According to TipRanks.com, Parham is a 3-star analyst with an average return of 1.4% and a 55.6% success rate. Parham covers the Utilities sector, focusing on stocks such as National Fuel Gas Company, Magnolia Oil & Gas, and Matador Resources.

Currently, the analyst consensus on Chesapeake Energy is a Strong Buy with an average price target of $121.83, representing a 49.8% upside. In a report released today, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $106.00 price target.

Duke Energy (DUK)

J.P. Morgan analyst Jeremy Tonet maintained a Hold rating on Duke Energy on July 15 and set a price target of $115.00. The company’s shares closed last Friday at $107.43.

According to TipRanks.com, Tonet is a 4-star analyst with an average return of 4.9% and a 55.0% success rate. Tonet covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Cheniere Energy Partners, and Dcp Midstream Partners.

Currently, the analyst consensus on Duke Energy is a Hold with an average price target of $115.15, representing a 7.2% upside. In a report issued on June 30, UBS also downgraded the stock to Hold with a $112.00 price target.

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