BidaskClub downgraded shares of MGE Energy (NASDAQ:MGEE) from a hold rating to a sell rating in a report issued on Friday.
Separately, ValuEngine cut shares of MGE Energy from a hold rating to a sell rating in a report on Wednesday, June 6th.
Get MGE Energy alerts:NASDAQ:MGEE opened at $55.90 on Friday. The company has a current ratio of 2.34, a quick ratio of 2.00 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $1.95 billion, a P/E ratio of 25.07 and a beta of 0.32. MGE Energy has a 12 month low of $51.05 and a 12 month high of $68.70.
MGE Energy (NASDAQ:MGEE) last posted its quarterly earnings results on Tuesday, May 8th. The utilities provider reported $0.58 EPS for the quarter. The company had revenue of $157.63 million for the quarter. MGE Energy had a net margin of 17.43% and a return on equity of 10.19%.
Top 5 Energy Stocks To Invest In 2019: Plains Group Holdings, L.P.(PAGP)
Advisors' Opinion:- [By Shane Hupp]
News coverage about Plains GP (NYSE:PAGP) has been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Plains GP earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news coverage about the pipeline company an impact score of 46.0549967457103 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
- [By Joseph Griffin]
Plains GP (NYSE:PAGP) was downgraded by equities researchers at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a note issued to investors on Monday, The Fly reports.
- [By Matthew DiLallo]
Two years ago, Plains All American Pipeline (NYSE:PAA) and Plains GP Holdings (NYSE:PAGP) took a step to simplify their corporate structure by eliminating the costly incentive distribution rights (IDRs) that Plains All American paid to Plains GP. In exchange, Plains GP acquired a 34.8% stake in the MLP. While that deal was certainly a step in the right direction, the companies could eventually take the next logical progression by combining into one entity.
- [By Stephan Byrd]
TheStreet upgraded shares of Plains GP (NYSE:PAGP) from a d+ rating to a c- rating in a research report released on Monday morning.
Several other analysts have also recently issued reports on the company. Stifel Nicolaus cut Plains GP from a buy rating to a hold rating and set a $24.00 price objective on the stock. in a report on Wednesday. Jefferies Group cut Plains GP from a buy rating to a hold rating in a report on Wednesday, April 25th. Wolfe Research cut Plains GP from a market perform rating to an underperform rating in a report on Tuesday, April 24th. Deutsche Bank began coverage on Plains GP in a report on Thursday, April 19th. They set a buy rating and a $29.00 price objective on the stock. Finally, SunTrust Banks raised Plains GP from a hold rating to a buy rating and set a $27.00 price objective on the stock in a report on Monday, April 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $25.65.
- [By Joseph Griffin]
Here are some of the news articles that may have impacted Accern’s rankings:
Get Plains GP alerts: Plains GP (PAGP) Posts Quarterly Earnings Results, Misses Expectations By $0.08 EPS (americanbankingnews.com) Plains GP (PAGP) Upgraded by TheStreet to C- (americanbankingnews.com) Plains GP (PAGP) Downgraded by Stifel Nicolaus (americanbankingnews.com) Plains GP Holdings (PAGP) Tops Q1 EPS by 5c, Beats on Revenues (streetinsider.com) Plains All American Pipeline, L.P. and Plains GP Holdings Report First-Quarter 2018 Results (finance.yahoo.com)Several research firms have commented on PAGP. TheStreet upgraded shares of Plains GP from a “d+” rating to a “c-” rating in a research report on Monday. Stifel Nicolaus cut shares of Plains GP from a “buy” rating to a “hold” rating and set a $24.00 target price for the company. in a research report on Wednesday. Jefferies Group cut shares of Plains GP from a “buy” rating to a “hold” rating in a research report on Wednesday, April 25th. Wolfe Research cut shares of Plains GP from a “market perform” rating to an “underperform” rating in a research report on Tuesday, April 24th. Finally, Deutsche Bank began coverage on shares of Plains GP in a research report on Thursday, April 19th. They issued a “buy” rating and a $29.00 target price for the company. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.65.
Top 5 Energy Stocks To Invest In 2019: Suncor Energy Inc.(SU)
Advisors' Opinion:- [By Max Byerly]
Suncor Energy (TSE:SU) (NYSE:SU) had its price target upped by Raymond James from C$60.00 to C$61.00 in a research report report published on Tuesday.
- [By Matthew DiLallo]
Suncor Energy (NYSE:SU) recently put the finishing touches on two megaprojects that position it for significant production growth in the near term. However, the company's growth beyond this phase remains unclear because it can't sanction new oil sands projects until more pipelines come online, which won't happen anytime soon due to continued opposition. Because of that, the company needs to look elsewhere to drive future growth.
- [By Matthew DiLallo]
Suncor Energy (NYSE:SU) has richly rewarded investors over the past year. Not only has the stock vastly outperformed both the S&P 500 and most other oil stocks, but it has returned a boatload of cash to shareholders through a higher dividend and share repurchases. Cash returns could rise some more in the coming months thanks two recently completed expansion projects and higher oil prices. These catalysts could be just the fuel this Canadian oil stock needs to continue outperforming.
- [By Tyler Crowe]
I don't know if you have noticed, but oil prices have been on the rise lately, which has done miraculous things for the bottom lines at oil and gas companies. The same can be said for Suncor Energy (NYSE:SU), which was able to post a rather healthy earnings per share number considering one of its major oil sands facilities was shut down in the most recent quarter.
- [By Tyler Crowe, Reuben Gregg Brewer, and Travis Hoium]
Clearly, investors should be at least looking at stocks in this industry, so we asked three of our investing contributors to each highlight a great company in the industry to help you get started. Here's why they picked Baker Hughes, a GE Company (NYSE:BHGE), Suncor Energy (NYSE:SU), and Total (NYSE:TOT).�
- [By Stephan Byrd]
Suncor Energy (TSE:SU) (NYSE:SU) had its price target lifted by TD Securities from C$57.00 to C$58.00 in a report published on Friday. TD Securities currently has a buy rating on the stock.
Top 5 Energy Stocks To Invest In 2019: Devon Energy Corporation(DVN)
Advisors' Opinion:- [By Matthew DiLallo]
That ability to organically discover new shale plays has saved it a ton of money. The company was able to quietly gobble up 50,000 acres in Oklahoma over a four-year period for just $750 an acre. Contrast that with rivals�Devon Energy�(NYSE:DVN) and�Marathon Oil�(NYSE:MRO). Devon spent $1.9 billion to buy Felix Energy in late 2015 for the company's 80,000 acres in Oklahoma, paying a whopping $23,750 an acre. Meanwhile, Marathon paid $888 million for PayRock Energy and its 61,000 acres in the state, which amounted to roughly $14,500 an acre. EOG's�deep�knowledge of shale helps it know where to look so it can lock up land for next to nothing before rivals even know what's there.
- [By Tyler Crowe, Matthew DiLallo, and Reuben Gregg Brewer]
So we asked three of our investing contributors to each highlight a company they think has a compelling investment case right now in the oil and gas industry. Here's why they selected Devon Energy (NYSE:DVN), Range Resources (NYSE:RRC), and ExxonMobil (NYSE:XOM).
- [By Matthew DiLallo]
As expected, EOG Resources' U.S. oil output came in above the midpoint of its forecast and was up 15% year over year. Fueling that high-end result were the many wells EOG completed across its vast shale portfolio. The company completed 70 wells in the Delaware Basin during the quarter, with several producing more than 2,000 barrels of oil equivalent per day (BOE/D) in their first month. While the company didn't match Devon Energy's (NYSE:DVN) record-smashing 24,000 BOE/D two-well gusher, its wells were highly productive and generated excellent returns.
- [By Matthew DiLallo]
As things stand right now, analysts anticipate that at least some Iranian oil will come off the market as a result of the sanctions. That lost output would further tighten an oil market that suddenly has little margin for error thanks to red-hot demand and tame supply growth. That's the recipe for higher oil prices and could make top-tier U.S. oil stocks Anadarko Petroleum (NYSE:APC), Devon Energy (NYSE:DVN), and ConocoPhillips (NYSE:COP) big winners in the coming years.
- [By Stephan Byrd]
Devon Energy (NYSE:DVN) – Stock analysts at Capital One cut their Q2 2018 EPS estimates for Devon Energy in a report released on Wednesday, June 6th. Capital One analyst P. Johnston now anticipates that the energy company will earn $0.29 per share for the quarter, down from their previous estimate of $0.30. Capital One also issued estimates for Devon Energy’s FY2019 earnings at $2.19 EPS.
Top 5 Energy Stocks To Invest In 2019: Geopark Ltd(GPRK)
Advisors' Opinion:- [By Max Byerly]
Canaccord Genuity reaffirmed their buy rating on shares of Geopark (NYSE:GPRK) in a research note published on Tuesday morning.
“We expect the Street to raise its estimates once again on the back of these strong results.”,” the firm’s analyst wrote.
Top 5 Energy Stocks To Invest In 2019: Marathon Petroleum Corporation(MPC)
Advisors' Opinion:- [By Lee Jackson]
Not only is Marathon Petroleum Corp. (NYSE: MPC) the newest member of the Franchise List, but it is a returning member. Also, the company has begun�of the long process of completing a massive purchase of another refining giant. Marathon agreed to buy rival Andeavor (NYSE: ANDV) for $23.3 billion in the biggest-ever deal for an oil refiner. That would create the largest independent fuel maker in the United States.
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Marathon Petroleum (MPC)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Chris Lange]
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was Marathon Petroleum Corp. (NYSE: MPC) which rose about 5% to $80.85. The stock��s 52-week range is $49.30 to $83.27. Volume was about 9 million compared to the daily average volume of 5 million.
- [By Logan Wallace]
Media stories about Marathon Petroleum (NYSE:MPC) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Marathon Petroleum earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 46.2436065193767 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
- [By JJ Kinahan]
Energy was the other S&P sector in the green yesterday, helped by rising oil prices and excitement about the tie up between Marathon Petroleum Corp (NYSE: MPC) and Andeavor (NYSE: ANDV). Devon Energy Corp (NYSE: DVN) was the biggest gainer in the sector, rising more than 5 percent after the company raised its annual production forecast. (See more on oil below.)
- [By Maxx Chatsko]
The combination of pipeline bottlenecks is now dragging down the price of West Texas Intermediate (WTI) crude oil to levels well below that of Brent crude. The difference between the two is called the Brent-WTI spread -- and it's now at levels last witnessed in 2015, and never before 2011. This single metric also explains why oil refinery stocks such as Marathon Petroleum (NYSE:MPC), Phillips 66 (NYSE:PSX), and Delek US Holdings (NYSE:DK) are up by as much as 51% this year.
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