William Blair analyst Neal Dingmann has maintained their bullish stance on MGY stock, giving a Buy rating today.
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Neal Dingmann has given his Buy rating due to a combination of factors including Magnolia Oil & Gas’s impressive third-quarter performance, which exceeded both his and consensus expectations for free cash flow. This was largely attributed to higher-than-anticipated production levels.
Additionally, the company’s guidance for 2025 remains strong, with a promising outlook for 2026. Magnolia’s industry-leading reinvestment rate and production growth, achieved with stable capital expenditure, further support this positive outlook. The performance of the Giddings wells also stands out, as the company strategically deferred the completion of several wells to the following year, resulting in current-year cost savings. These elements collectively suggest that MGY shares are poised to outperform in the near term.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $25.00 price target.