Magnolia Oil & Gas (MGY) Price Target Update - June 11
Posted: Tue Jun 11, 2024 8:20 am
Magnolia Oil & Gas initiated overweight at Capital One
Target is $28
Analyst is Phillips Johnston
My updated valuation of MGY is $31.50. < None of their production is hedged. Rising natural gas prices will give Magnolia a nice revenue boost in 2H 2024 and should push revenues over $1.1 billion in 2025. It pays a dividend and aggressively buying back stock.
Target is $28
Analyst is Phillips Johnston
My updated valuation of MGY is $31.50. < None of their production is hedged. Rising natural gas prices will give Magnolia a nice revenue boost in 2H 2024 and should push revenues over $1.1 billion in 2025. It pays a dividend and aggressively buying back stock.