Sinclair’s market cap is nearly $11 billion, and second-quarter sales totaled about $11.2 billion. The stock’s 52-week range is $29.14 to $58.50. Shares closed at $50.51 on Wednesday. The company pays an annual dividend of $1.60, and the one-year total shareholder return was 71%.
Magnolia Oil & Gas
Magnolia Oil & Gas Corp. (NYSE: MGY) has primary operations in the Eagle Ford and Austin Chalk areas of south Texas. It produces 66,000 barrels of oil equivalent in oil, natural gas and NGLs. Goldman believes the company’s low-cost assets could generate low-double-digit free cash flow at a Brent crude price of $90 or more per barrel. Goldman’s 12-month price target on Magnolia is $28, and the average target of 14 analysts is $23.83.
Magnolia’s market cap is $6.2 billion, and June quarter sales totaled $484.7 million. The stock’s 52-week range is $16.02 to $36.33, and shares closed Wednesday at $21.55. The company pays an annual dividend of $0.40 per share, and the total shareholder return over the past 12 months was 36.3%.
PDC Energy
PDC Energy Inc. (NASDAQ: PDCE) is an independent oil and gas exploration and production company operating primarily in the Wattenberg Basin of northeastern Colorado and the Delaware Basin in West Texas. Goldman supports its Buy rating on the company’s ability to obtain new permits in Colorado and ramp production back to previous levels. PDC faces regulatory risk in Colorado, along with production/cost risks. Goldman’s 12-month price target on PDC is $74, and the average target of 13 analysts is $96.83.
The company’s market cap is about $5.9 billion, and second-quarter sales totaled $1.14 billion. The stock’s 52-week range is $43.01 to $89.22, and shares closed on Wednesday at $61.09. PDC pays an annual dividend of $1.40, and the total shareholder return over the past year was 50.5%.
Kosmos Energy
Kosmos Energy Ltd. (NYSE: KOS) is a deep-water oil and gas exploration and production company with operations offshore of Ghana and Equatorial Guinea, as well as in the U.S. Gulf of Mexico. The company is also developing natural gas projects offshore of Mauritania and Senegal. In Goldman’s view, Kosmos offers strong cash flow generation, and the analysts expect free cash flow yield to reach 37% in 2024. Goldman’s six-month price target on the stock is $8.50, and the average 12-month price target of 10 analysts is $9.18.
The company’s market cap is about $2.7 billion, and second-quarter sales totaled nearly $621 million. The stock’s 52-week range is $2.33 to $8.48, and shares closed on Wednesday at $5.87. Kosmos does not pay a dividend, but the rising stock price pushed the total shareholder return over the past year to 154%.
Chesapeake Energy
Chesapeake Energy Corp. (NASDAQ: CHK) is another independent oil and gas exploration and production company. The company’s assets are located primarily in the Marcellus shale of the Appalachian Basin, the Haynesville/Bossier shale of northeastern Louisiana, and the Eagle Ford shale in south Texas. Chesapeake has long been one of the country’s biggest producers of natural gas, and that has been bolstered by its oilich Eagle Ford assets.
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