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Analysts Offer Insights on Utilities Companies: CNX Resources (CNX), Hess (HES) and Phillips 66 (PSX)

Companies in the Utilities sector have received a lot of coverage today as analysts weigh in on CNX Resources (CNXResearch Report), Hess (HESResearch Report) and Phillips 66 (PSXResearch Report).

CNX Resources (CNX)

J.P. Morgan analyst Zach Parham maintained a Hold rating on CNX Resources yesterday and set a price target of $17.00. The company’s shares closed last Tuesday at $15.20, close to its 52-week high of $16.08.

According to TipRanks.com, Parham is a 1-star analyst with an average return of -2.3% and a 51.4% success rate. Parham covers the Utilities sector, focusing on stocks such as Centennial Resource Development, National Fuel Gas Company, and Magnolia Oil & Gas.

The word on The Street in general, suggests a Hold analyst consensus rating for CNX Resources with a $21.00 average price target.

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Hess (HES)

J.P. Morgan analyst Arun Jayaram maintained a Buy rating on Hess on January 10 and set a price target of $109.00. The company’s shares closed last Tuesday at $90.04, close to its 52-week high of $92.79.

According to TipRanks.com, Jayaram is a 4-star analyst with an average return of 7.9% and a 51.5% success rate. Jayaram covers the Utilities sector, focusing on stocks such as Continental Resources, Antero Resources, and Pioneer Natural.

Currently, the analyst consensus on Hess is a Strong Buy with an average price target of $108.00, which is a 24.8% upside from current levels. In a report issued on January 10, Bank of America Securities also maintained a Buy rating on the stock with a $131.00 price target.

Phillips 66 (PSX)

J.P. Morgan analyst Phil Gresh maintained a Buy rating on Phillips 66 on January 10 and set a price target of $94.00. The company’s shares closed last Tuesday at $86.15.

According to TipRanks.com, Gresh is a 5-star analyst with an average return of 10.5% and a 72.3% success rate. Gresh covers the Utilities sector, focusing on stocks such as Occidental Petroleum, Par Pacific Holdings, and Marathon Petroleum.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Phillips 66 with a $95.56 average price target, representing a 12.9% upside. In a report released yesterday, Goldman Sachs also maintained a Buy rating on the stock with a $93.00 price target.

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