Energy Stocks in Focus: J.P. Morgan Weighs In on Enbridge and Chevron

Energy sector stocks have been in the spotlight recently as analysts weigh in on Enbridge (ENB) and Chevron (CVX).

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

Tonet is a 5-star analyst with an average return of 8.5% and a 56.7% success rate. He focuses 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 contrast, Raymond James downgraded the stock to Hold with a C$79.00 price target.

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

Jayaram is a 5-star analyst with an average return of 7.8% and a 57.9% success rate. He covers 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.