Companies in the Utilities sector have received a lot of coverage today as analysts weigh in on Diamondback (FANG – Research Report) and SM Energy (SM – Research Report).
Diamondback (FANG)
In a report issued on August 23, Nitin Kumar CFA from Wells Fargo maintained a Buy rating on Diamondback, with a price target of $101.00. The company’s shares closed last Monday at $77.80.
According to TipRanks.com, CFA is a 2-star analyst with an average return of 1.0% and a 52.0% success rate. CFA covers the Utilities sector, focusing on stocks such as Continental Resources, Northern Oil And Gas, and Southwestern Energy.
Currently, the analyst consensus on Diamondback is a Strong Buy with an average price target of $114.25, representing a 50.0% upside. In a report issued on August 13, Mizuho Securities also maintained a Buy rating on the stock with a $126.00 price target.
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SM Energy (SM)
Wells Fargo analyst Joseph McKay maintained a Hold rating on SM Energy on August 23 and set a price target of $30.00. The company’s shares closed last Monday at $20.74.
According to TipRanks.com, McKay is a 2-star analyst with an average return of 5.1% and a 50.0% success rate. McKay covers the Utilities sector, focusing on stocks such as Whiting Petroleum Corporation, Black Stone Minerals, and Earthstone Energy.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SM Energy with a $27.29 average price target.
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