tiprankstipranks
Trending News
More News >

Magnolia Oil & Gas price target lowered to $23 from $28 at BofA

BofA analyst Noah Hungness lowered the firm’s price target on Magnolia Oil & Gas to $23 from $28 and keeps a Neutral rating on the shares. Following the lead set by the firm’s commodity research team, the analyst lowered the Q2-Q4 2025 WTI oil deck to $57 per barrel from $64.50, noting that the firm’s house view anticipates the biggest negative impact on oil prices in Q2. Lower oil prices reduce valuations across the analyst’s coverage by an average of 25%, the firm noted.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue