In a report issued on November 27, Neal Dingmann from SunTrust Robinson reiterated a Buy rating on Magnolia Oil & Gas Corporation (MGY), with a price target of $18. The company’s shares opened today at $12.31.
According to TipRanks.com, Dingmann is a 1-star analyst with an average return of -2.5% and a 42.7% 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 Moderate Buy with an average price target of $19.50.
See today’s analyst top recommended stocks >>
Based on Magnolia Oil & Gas Corporation’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $53.45 million. In comparison, last year the company had a net profit of $669.2K.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MGY in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
