There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Magnolia Oil & Gas (MGY – Research Report) and HF Sinclair Corporation (DINO – Research Report) with bullish sentiments.
Magnolia Oil & Gas (MGY)
Bank of America Securities analyst Noah Hungness reiterated a Buy rating on Magnolia Oil & Gas yesterday and set a price target of $28.00. The company’s shares closed last Wednesday at $25.88.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Magnolia Oil & Gas with a $27.78 average price target, an 11.1% upside from current levels. In a report issued on April 30, Truist Financial also maintained a Buy rating on the stock.
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HF Sinclair Corporation (DINO)
In a report released yesterday, Roger Read from Wells Fargo maintained a Buy rating on HF Sinclair Corporation, with a price target of $76.00. The company’s shares closed last Wednesday at $56.95.
According to TipRanks.com, Read is a 5-star analyst with an average return of
HF Sinclair Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $66.70.
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Read More on MGY:
- Magnolia Oil & Gas sees FY24 D&C capital expense of $450M-$480M
- Magnolia Oil & Gas reports Q1 EPS 46c, consensus 46c
- Magnolia Oil & Gas Announces Q1 2024 Earnings Results
- Magnolia Oil & Gas price target raised to $31 from $28 at Susquehanna
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