In a report issued on August 14, Neal Dingmann from SunTrust Robinson reiterated a Buy rating on Magnolia Oil & Gas Corporation (NYSE: MGY), with a price target of $21. The company’s shares opened today at $12.70.
According to TipRanks.com, Dingmann is a 3-star analyst with an average return of 2.5% and a 47.9% success rate. Dingmann covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Contango Oil & Gas Company, and Sanchez Energy Corporation.
Currently, the analyst consensus on Magnolia Oil & Gas Corporation is a Strong Buy with an average price target of $19, which is a 49.6% upside from current levels. In a report issued on August 1, Imperial Capital also initiated coverage with a Buy rating on the stock with a $16 price target.
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The company has a one-year high of $13.40 and a one-year low of $9.67. Currently, Magnolia Oil & Gas Corporation has an average volume of 1.19M.
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Magnolia Oil & Gas Corp. engages 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.
