S-Oil, a listed company on the securities market, is experiencing an upward trend early in the trading session on the 27th, as securities firms predict that its stock price will rebound from the bottom.
As of 9:56 a.m. on this day, S-Oil is trading at 57,200 won, up 3,600 won (6.72%) from the previous trading day. After dropping to 50,000 won during trading on the 23rd, marking a one-year low, S-Oil has surged more than 10% in just two trading days.
Hana Securities presented S-Oil as the top pick in the refining sector, stating that its currently undervalued valuation will soon be reassessed.
Yoon Jae-sung, a researcher at Hana Securities, said, "S-Oil has hit a major bottom in its stock price approximately every five years." He noted, "Considering the projection that U.S. crude oil production will peak out in 2027 and the easing phase of the U.S.-China tariff war, we believe the current oil prices are at a low level, and we expect strong refining margins in the medium to long term."
Mirae Asset Securities also expects S-Oil's turnaround to begin in the second half of this year, adjusting its target stock price upward from 64,000 won to 68,000 won.