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Analysts’ Top Energy Picks: Targa Resources (TRGP), Schlumberger (SLB)

Tipranks - Tipranks - Wed Apr 8, 8:50AM CDT

There’s a lot to be optimistic about in the Energy sector as 3 analysts just weighed in on Targa Resources (TRGP), Schlumberger (SLB) and Magnolia Oil & Gas (MGY) with bullish sentiments.

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Targa Resources (TRGP)

UBS analyst Manav Gupta maintained a Buy rating on Targa Resources today and set a price target of $280.00. The company’s shares closed last Tuesday at $250.69.

According to TipRanks.com, Gupta is a 5-star analyst with an average return of 17.4% and a 70.1% success rate. Gupta covers the NA sector, focusing on stocks such as Venture Global, Inc. Class A, Cheniere Energy Partners, and Marathon Petroleum. ;'>

Currently, the analyst consensus on Targa Resources is a Strong Buy with an average price target of $259.21, implying a 5.5% upside from current levels. In a report issued on March 24, Truist Financial also initiated coverage with a Buy rating on the stock with a $279.00 price target.

See today’s best-performing stocks on TipRanks >>

Schlumberger (SLB)

UBS analyst Josh Silverstein maintained a Buy rating on Schlumberger today and set a price target of $61.00. The company’s shares closed last Tuesday at $49.76.

According to TipRanks.com, Silverstein is a 5-star analyst with an average return of 12.2% and a 65.7% success rate. Silverstein covers the NA sector, focusing on stocks such as National Energy Services Reunited, ARKO Petroleum Corp. Class A, and California Resources Corp. ;'>

Schlumberger has an analyst consensus of Strong Buy, with a price target consensus of $55.86, a 12.2% upside from current levels. In a report issued on March 31, Jefferies also maintained a Buy rating on the stock with a $58.00 price target.

Magnolia Oil & Gas (MGY)

In a report released today, Peyton Dorne from UBS maintained a Buy rating on Magnolia Oil & Gas, with a price target of $38.00. The company’s shares closed last Tuesday at $31.73.

Dorne has an average return of 27.6% when recommending Magnolia Oil & Gas. ;'>

According to TipRanks.com, Dorne is ranked #4940 out of 12128 analysts.

Currently, the analyst consensus on Magnolia Oil & Gas is a Moderate Buy with an average price target of $31.67, representing a 2.0% upside. In a report issued on March 24, TipRanks – xAI also reiterated a Buy rating on the stock with a $35.00 price target.

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