Magnolia Oil & Gas Corp (NYSE:MGY) has received an average recommendation of “Buy” from the fifteen analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $16.27.
A number of brokerages recently commented on MGY. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. set a €158.00 ($183.72) price objective on shares of Aena SME and gave the company a “neutral” rating in a research report on Tuesday, April 9th. Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th. Credit Suisse Group restated a “buy” rating and issued a $241.00 price objective on shares of FedEx in a research report on Monday, April 1st. Finally, Wells Fargo & Co downgraded shares of Occidental Petroleum from an “outperform” rating to a “market perform” rating in a research report on Monday, May 20th.
Hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc purchased a new position in shares of Magnolia Oil & Gas during the 1st quarter worth approximately $25,000. PNC Financial Services Group Inc. increased its stake in shares of Magnolia Oil & Gas by 449.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,792 shares of the company’s stock worth $98,000 after purchasing an additional 7,192 shares in the last quarter. Starr International Co. Inc. purchased a new position in shares of Magnolia Oil & Gas during the 1st quarter worth approximately $120,000. First Mercantile Trust Co. purchased a new position in shares of Magnolia Oil & Gas during the 1st quarter worth approximately $128,000. Finally, Bank of America Corp DE purchased a new position in shares of Magnolia Oil & Gas during the 4th quarter worth approximately $149,000. Institutional investors own 67.23% of the company’s stock.
Magnolia Oil & Gas (NYSE:MGY) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.06). The company had revenue of $218.67 million for the quarter, compared to analysts’ expectations of $221.11 million. Analysts expect that Magnolia Oil & Gas will post 0.64 EPS for the current year.
Magnolia Oil & Gas Company Profile
Magnolia Oil & Gas Corporation engages in the business of acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. The company has oil and natural gas properties located primarily in Karnes County and the Giddings Field in South Texas primarily comprising the Eagle Ford Shale and the Austin Chalk formation.
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