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Analysts Offer Insights on Utilities Companies: Chevron (CVX) and Centennial Resource Development (CDEV)

Analysts fell to the sidelines weighing in on Chevron (CVXResearch Report) and Centennial Resource Development (CDEVResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Chevron (CVX)

J.P. Morgan analyst Phil Gresh maintained a Hold rating on Chevron today and set a price target of $140.00. The company’s shares closed last Wednesday at $154.02.

According to TipRanks.com, Gresh is a 5-star analyst with an average return of 11.5% and a 72.0% success rate. Gresh covers the Utilities sector, focusing on stocks such as Occidental Petroleum, Par Pacific Holdings, and Marathon Petroleum.

Chevron has an analyst consensus of Strong Buy, with a price target consensus of $151.78, a 1.1% upside from current levels. In a report released today, Citigroup also maintained a Hold rating on the stock with a $145.00 price target.

See the top stocks recommended by analysts >>

Centennial Resource Development (CDEV)

In a report released today, Zach Parham from J.P. Morgan maintained a Hold rating on Centennial Resource Development, with a price target of $10.00. The company’s shares closed last Wednesday at $8.59, close to its 52-week high of $9.01.

According to TipRanks.com, Parham is a 1-star analyst with an average return of -1.2% and a 51.4% 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 Centennial Resource Development is a Hold with an average price target of $8.45, which is a -5.4% downside from current levels. In a report issued on February 25, RBC Capital also maintained a Hold rating on the stock with a $11.00 price target.

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