July 6, 2021

Oil prices are surging as a comeback in the U.S. economy boosts demand. A large part of the surge in oil prices was delayed production decided by OPEC oil group producers. Even though the stage has been set for energy stocks, they have lagged oil price growth.  However, things could change as prices reach the break-even point for the energy sector, as many oil stocks have consensus buy ratings from analysts across Wall Street brokerage firms. 

The biggest buy share companies are Bonanza Creek Energy Ink, Green Plains, and ConocoPhillips, while high price target expectations come from Chevron, Phillips 66, and Devon Energy Corp. Regardless, many of the leading energy companies in the S&P 500 are big projected winners by the end of the year.


FINSUM + Magnifi: These energy stocks play well for many investors but especially income-oriented investors looking for strong dividend yields. 

Other news today: J.P. Morgan Says This is How to Outperform in EMs and Income Investors Should Keep a Lookout for Euro Stocks{{cta(‘031ca73e-408c-41ef-9886-bfe7cd5553d7′,’justifycenter’)}}

Magnifi is changing the way we shop for investments, with the world’s first semantic search engine for finance that helps users discover, compare and buy investment products such as ETFs, mutual funds and stocks.As of July 2021, 450,000+ users with $541+ billion in Assets Under Influence, have used Magnifi over 8,800,000 times. Try it for yourself today.


This blog is sponsored by Magnifi. The information and data are as of the publish date unless otherwise noted and subject to change. This material is provided for informational purposes only and should not be construed as individualized investment advice or an offer or solicitation to buy or sell securities tailored to your needs. This information covers investment and market activity, industry or sector trends, or other broad-based economic or market conditions and should not be construed as investment research or advice. Investors are urged to consult with their financial advisors before buying or selling any securities. Although certain information has been obtained from sources believed to be reliable, we do not guarantee its accuracy, completeness or fairness. Past performance is no guarantee of future results. This content may not be reproduced or distributed to any person in whole or in part without the prior written consent of Magnifi. [As a technology company, Magnifi provides access to tools and will be compensated for providing such access. Magnifi does not provide brokerage or custody services.]