In a report released today, Tim Rezvan from KeyBanc reiterated a Hold rating on Magnolia Oil & Gas (MGY – Research Report). The company’s shares closed yesterday at $21.48.
According to TipRanks, Rezvan is an analyst with an average return of -10.3% and a 38.82% success rate. Rezvan covers the Energy sector, focusing on stocks such as Matador Resources, Civitas Resources, and EOG Resources.
Magnolia Oil & Gas has an analyst consensus of Hold, with a price target consensus of $25.67, a 19.51% upside from current levels. In a report released on December 14, Wells Fargo also maintained a Hold rating on the stock with a $23.00 price target.
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The company has a one-year high of $23.89 and a one-year low of $18.42. Currently, Magnolia Oil & Gas has an average volume of 2.03M.
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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:
- Magnolia Oil & Gas just downgraded at Citi, here’s why
- Citi gets more bearish on Magnolia Oil & Gas, downgrades shares
- Magnolia Oil & Gas initiated with an Equal Weight at Wells Fargo
- Magnolia Oil & Gas reports Q3 EPS 54c, consensus 54c
- Wall Street’s Best Analyst Bets on These 3 Energy Stocks — Here’s Why You Might Want to Follow His Lead
