JPMorgan analyst Zach Parham lowered the firm’s price target on Magnolia Oil & Gas to $24 from $27 and keeps a Neutral rating on the shares. The firm adjusted ratings and targets in the exploration and production space as part of its 2026 outlook. JPMorgan sees supply side risks for oil and liquids, but says the “long-awaited demand inflection for natural gas has finally arrived.” The magnitude of the crude oil oversupply, plus a potential end to the Russia-Ukraine conflict in 2026, is a “double whammy” for lower oil prices, the analyst tells investors in a research note.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MGY:
- Magnolia Oil & Gas price target lowered to $23 from $25 at Piper Sandler
- Magnolia Oil & Gas Highlights Record Growth Amid Challenges
- Magnolia Oil & Gas Reports Q3 2025 Earnings
- Magnolia Oil & Gas: Strong Free Cash Flow and Strategic Capital Management Drive Buy Rating
- Magnolia Oil & Gas price target raised to $26 from $25 at Mizuho