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:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MGY:
- Magnolia Oil & Gas initiated with a Buy at Clear Street
- Magnolia Oil & Gas price target lowered to $30 from $31 at Susquehanna
- Magnolia Oil & Gas price target lowered to $25 from $26 at Piper Sandler
- Magnolia Oil & Gas initiated with a Buy at UBS
- Magnolia Oil & Gas management to meet with Cantor Fitzgerald
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue