Magnolia Oil & Gas (NYSE:MGY – Get Rating) had its price objective cut by analysts at Mizuho from $29.00 to $28.00 in a report issued on Friday, The Fly reports. Mizuho’s price target would suggest a potential upside of 40.70% from the stock’s previous close.
MGY has been the subject of a number of other reports. Piper Sandler lowered their target price on Magnolia Oil & Gas from $34.00 to $33.00 in a research note on Thursday. Truist Financial dropped their price objective on shares of Magnolia Oil & Gas from $36.00 to $33.00 in a report on Friday, May 5th. Credit Suisse Group boosted their price objective on shares of Magnolia Oil & Gas from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, February 16th. Finally, Roth Capital reiterated a “buy” rating on shares of Magnolia Oil & Gas in a report on Tuesday, February 14th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Magnolia Oil & Gas currently has an average rating of “Moderate Buy” and a consensus price target of $29.86.
Magnolia Oil & Gas Stock Performance
MGY stock opened at $19.90 on Friday. Magnolia Oil & Gas has a 1-year low of $18.01 and a 1-year high of $30.31. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.22. The firm has a market cap of $4.22 billion, a PE ratio of 4.62 and a beta of 2.15. The business’s 50-day moving average price is $20.99 and its two-hundred day moving average price is $22.72.
Institutional Inflows and Outflows
Magnolia Oil & Gas Company Profile
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.
- Get a free copy of the StockNews.com research report on Magnolia Oil & Gas (MGY)
- MarketBeat Week in Review – 5/15 – 5/19
- Applied Materials: Cracks In The Chip Recovery Or Time To Buy?
- Deere & Company Rallies On Farm Equipment Boom, Bullish Outlook
- How Many Roth IRAs Can You Have?
- Why You Should Consider Buying Nvidia Ahead Of Earnings
Receive News & Ratings for Magnolia Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magnolia Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.