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Analysts Are Neutral on Top Utilities Stocks: PG&E (PCG), Magnolia Oil & Gas (MGY)

Analysts fell to the sidelines weighing in on PG&E (PCGResearch Report) and Magnolia Oil & Gas (MGYResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

PG&E (PCG)

In a report issued on August 9, Jeremy Tonet from J.P. Morgan maintained a Hold rating on PG&E, with a price target of $15.00. The company’s shares closed last Wednesday at $11.54.

According to TipRanks.com, Tonet is a 4-star analyst with an average return of 6.7% and a 59.9% success rate. Tonet covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Dcp Midstream Partners, and Equitrans Midstream.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PG&E with a $15.50 average price target.

See Insiders’ Hot Stocks on TipRanks >>

Magnolia Oil & Gas (MGY)

J.P. Morgan analyst Zach Parham maintained a Hold rating on Magnolia Oil & Gas on August 9 and set a price target of $29.00. The company’s shares closed last Wednesday at $22.58.

According to TipRanks.com, Parham is a 3-star analyst with an average return of 5.1% and a 61.7% success rate. Parham covers the Utilities sector, focusing on stocks such as Centennial Resource Development, National Fuel Gas Company, and Chesapeake Energy.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Magnolia Oil & Gas with a $32.00 average price target.

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