Mark Lear analyst at Piper Sandler reiterates coverage on Magnolia Oil & Gas (MGY) in the energy stock sector with a Buy rating. TipRanks.com has Lear rated as a 3.9 star analyst with a 48% return on investment and a 3.7% success rate. Lear has set a price target of $ 36.
TipRanks.com reports that Magnolia Oil & Gas stock currently has 6 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $31.50. The target pricing ranges from a high forecast of $39.00 down to a low forecast of $25.00. Magnolia Oil & Gas (MGY) stock's last closing price was $26.09 which would put the average price target at 20.74% upside.
In addition, Barchart.com has a Strong buy rating and Yahoo! Finance has a Neutral short-term outlook. Remember, securities are volatile, so please do your own research on MGY's stock.
Other analysts covering MGY stock include:
- Neal Dingmann of Truist Financial issued a Buy rating with the price target of $ 39 on 2 weeks ago
- Tim Rezvan of KeyBanc issued a Buy rating with the price target of $ 30 on 2 weeks ago
- Gabriele Sorbara of Siebert Williams Shank & Co issued a Buy rating with the price target of $ 32 on 2 weeks ago
- Zach Parham of J.P. Morgan issued a Hold rating with the price target of $ 27 on 1 month ago
Just a reminder, one resource you need to consider using Tipranks.com where as a premium member you get access to all buy ratings, price targets and insider trading signals.
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