Analysts Are Bullish on These Energy Stocks: Chevron (CVX), Energy Transfer (ET)
There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Chevron (CVX – Research Report) and Energy Transfer (ET – Research Report) with bullish sentiments.
Chevron (CVX)
Mizuho Securities analyst Nitin Kumar CFA maintained a Buy rating on Chevron yesterday. The company’s shares closed last Wednesday at $157.72.
According to TipRanks.com, CFA is a 5-star analyst with an average return of 13.5% and a 60.4% success rate. CFA covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, California Resources Corp, and HF Sinclair Corporation.
Currently, the analyst consensus on Chevron is a Moderate Buy with an average price target of $171.31, representing a 9.0% upside. In a report issued on November 5, DZ BANK AG also upgraded the stock to Buy with a $170.00 price target.
See today’s best-performing stocks on TipRanks >>
Energy Transfer (ET)
In a report released yesterday, Gabe Moreen from Mizuho Securities maintained a Buy rating on Energy Transfer. The company’s shares closed last Wednesday at $17.42.
According to TipRanks.com, Moreen is a top 100 analyst with an average return of 13.9% and a 79.0% success rate. Moreen covers the NA sector, focusing on stocks such as Enterprise Products Partners, Western Midstream Partners, and Kodiak Gas Services, Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Energy Transfer with a $19.56 average price target.
Read More on CVX: