Magnolia Oil & Gas (NYSE:MGY – Get Rating) had its target price reduced by investment analysts at Citigroup from $25.00 to $22.00 in a research note issued to investors on Sunday, The Fly reports. Citigroup’s price target indicates a potential upside of 6.23% from the stock’s previous close.
A number of other equities analysts have also issued reports on the stock. Roth Capital reaffirmed a “buy” rating on shares of Magnolia Oil & Gas in a research report on Tuesday, February 14th. Mizuho dropped their target price on shares of Magnolia Oil & Gas from $29.00 to $28.00 in a research report on Friday. Credit Suisse Group boosted their target price on shares of Magnolia Oil & Gas from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. Truist Financial dropped their target price on shares of Magnolia Oil & Gas from $36.00 to $33.00 in a research report on Friday, May 5th. Finally, Piper Sandler decreased their price target on shares of Magnolia Oil & Gas from $34.00 to $33.00 in a research note on Thursday, May 18th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Magnolia Oil & Gas presently has a consensus rating of “Moderate Buy” and an average target price of $28.88.
Magnolia Oil & Gas Trading Up 4.1 %
Shares of MGY stock opened at $20.71 on Friday. Magnolia Oil & Gas has a 1 year low of $18.01 and a 1 year high of $30.31. The firm’s fifty day simple moving average is $21.00 and its 200 day simple moving average is $22.67. The firm has a market capitalization of $4.39 billion, a P/E ratio of 4.81 and a beta of 2.15. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.22.
Institutional Investors Weigh In On Magnolia Oil & Gas
About Magnolia Oil & Gas
Magnolia Oil & Gas Corp. engages in the acquisition, development, exploration, and production of oil and natural gas properties. It operates assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas. The company was founded on February 14, 2017 and is headquartered in Houston, TX.
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