Benchmark Co. analyst Subash Chandra maintained a Hold rating on Magnolia Oil & Gas (MGY – Research Report) today. The company’s shares closed yesterday at $25.72.
According to TipRanks, Chandra is a 5-star analyst with an average return of 13.4% and a 51.97% success rate. Chandra covers the Energy sector, focusing on stocks such as Antero Resources, Talos Energy, and APA.
Currently, the analyst consensus on Magnolia Oil & Gas is a Moderate Buy with an average price target of $27.10, a 5.37% upside from current levels. In a report released on April 19, Piper Sandler also downgraded the stock to a Hold with a $29.00 price target.
The company has a one-year high of $27.33 and a one-year low of $18.30. Currently, Magnolia Oil & Gas has an average volume of 3.54M.
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Magnolia Oil & Gas (MGY) Company Description:
Magnolia Oil & Gas Corp. is engaged in oil and gas exploration and production business. It operates assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas. The company was founded on July 31, 2018 and is headquartered in Houston, TX.
Read More on MGY:
- Netflix upgraded and downgraded: Wall Street’s top analyst calls
- Magnolia Oil downgraded to Neutral on valuation at Piper Sandler
- Magnolia Oil & Gas downgraded to Neutral from Overweight at Piper Sandler
- Magnolia Oil & Gas price target raised to $27 from $23 at Wells Fargo
- Magnolia Oil & Gas price target raised to $22 from $18 at Citi
