Skip to main content
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts Are Bullish on These Energy Stocks: Weatherford International (WFRD), Magnolia Oil & Gas (MGY)

Tipranks - Tue Mar 24, 5:42AM CDT

There’s a lot to be optimistic about in the Energy sector as 3 analysts just weighed in on Weatherford International (WFRD), Magnolia Oil & Gas (MGY) and Diamondback (FANG) with bullish sentiments.

Claim 30% Off TipRanks Premium

Weatherford International (WFRD)

Citi analyst Scott Gruber maintained a Buy rating on Weatherford International on March 20 and set a price target of $115.00. The company’s shares closed last Friday at $86.14.

According to TipRanks.com, Gruber is a 5-star analyst with an average return of 13.4% and a 58.0% success rate. Gruber covers the NA sector, focusing on stocks such as Solaris Energy Infrastructure, Oceaneering International, and California Resources Corp. ;'>

Weatherford International has an analyst consensus of Strong Buy, with a price target consensus of $107.25, representing a 22.9% upside. In a report issued on March 18, RBC Capital also initiated coverage with a Buy rating on the stock with a $105.00 price target.

See the top stocks recommended by analysts >>

Magnolia Oil & Gas (MGY)

In a report issued on March 19, 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 Friday at $30.76.

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.

Magnolia Oil & Gas has an analyst consensus of Moderate Buy, with a price target consensus of $30.57, implying a 0.0% upside from current levels. In a report issued on March 10, Clear Street also maintained a Buy rating on the stock with a $33.00 price target.

Diamondback (FANG)

UBS analyst Josh Silverstein maintained a Buy rating on Diamondback on March 19 and set a price target of $240.00. The company’s shares closed last Friday at $192.54.

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. ;'>

Diamondback has an analyst consensus of Strong Buy, with a price target consensus of $199.65, which is a 4.9% upside from current levels. In a report issued on March 4, TD Cowen also maintained a Buy rating on the stock with a $195.00 price target.

Read More on WFRD:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.