Magnolia Oil & Gas (MGY) Upgrade - May 27

Magnolia Oil & Gas (MGY) Upgrade - May 27

Postby dan_s » Thu May 27, 2021 7:50 am

Magnolia Oil & Gas upgraded to overweight from neutral at Simmons Energy/Piper Sandler. Analyst is Mark Lear
Firm cites company's performance in Giddings
Price Target increased to $16 from $13

MGY closed at $12.18 on May 26. The Company is expected to report an 8% to 10% increase in production this year and none of their oil is hedged. ~43% of their ngas is hedged with collars that have $3.00 ceilings. The ngas hedges expire on 8-31-2021.

My valuation is $17.
Dan Steffens
Energy Prospectus Group
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