Wells Fargo Maintains Equal-Weight on Magnolia Oil & Gas, Lowers Price Target to $30
Wells Fargo analyst Noah Hungness maintains Magnolia Oil & Gas (NYSE:MGY) with a Equal-Weight and lowers the price target from $36 to $30.
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Wells Fargo analyst Noah Hungness maintains Magnolia Oil & Gas (NYSE:MGY) with a Equal-Weight and lowers the price target from $36 to $30.
Truist Securities analyst Gabe Daoud maintains Magnolia Oil & Gas (NYSE:MGY) with a Buy and raises the price target from $34 to $35.
Production and Capital OutlookEstimated production for the third quarter 2026 is expected to be 116 to 118 Mboe/d (~42% oil) after factoring in the closing of WildFire and the impact of divested non-core properties.