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Analysts’ Opinions Are Mixed on These Energy Stocks: Enbridge (ENB) and Chevron (CVX)

Tipranks - Tipranks - Thu Aug 6, 7:34AM CDT

Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Enbridge (ENB) and Chevron (CVX).

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Enbridge (ENB)

In a report released yesterday, Jeremy Tonet from J.P. Morgan maintained a Hold rating on Enbridge, with a price target of C$81.00. The company’s shares closed last Tuesday at $53.41.

According to TipRanks.com, Tonet is a 5-star analyst with an average return of 8.5% and a 56.7% success rate. Tonet covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and Consolidated Edison. ;'>

Enbridge has an analyst consensus of Hold, with a price target consensus of $56.05, representing a 4.1% upside. In a report issued on July 31, Raymond James also downgraded the stock to Hold with a C$79.00 price target.

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Chevron (CVX)

In a report released yesterday, Arun Jayaram from J.P. Morgan maintained a Buy rating on Chevron, with a price target of $222.00. The company’s shares closed last Tuesday at $190.40.

According to TipRanks.com, Jayaram is a 5-star analyst with an average return of 7.8% and a 57.9% success rate. Jayaram covers the NA sector, focusing on stocks such as National Energy Services Reunited, California Resources Corp, and National Fuel Gas Company. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Chevron with a $216.50 average price target, a 13.9% upside from current levels. In a report issued on July 23, Piper Sandler also initiated coverage with a Buy rating on the stock with a $207.00 price target.

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