UBS analyst Peyton Dorne raised the firm’s price target on Magnolia Oil & Gas to $35 from $29 and keeps a Buy rating on the shares. Energy is viewed as offering attractive risk/reward, with the higher price target reflecting a $10/bbl increase in 2026 oil price assumptions to $68 WTI and $72 Brent and a modest valuation multiple expansion due to geopolitical risk, the analyst tells investors in a research note. Markets appear to underprice prolonged Middle East conflict and potential Qatar gas supply disruptions, which could lift oil and natural gas prices and drive the strongest free cash flow upside for companies producing both oil and gas, the firm says.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
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 raised to $35 from $29 at UBS
- Magnolia Oil & Gas price target raised to $29 from $25 at Citi
- Magnolia Oil & Gas price target raised to $25 from $22 at Wells Fargo
- Magnolia Oil & Gas price target raised to $26 from $23 at Goldman Sachs
- Roth sees Magnolia Oil & Gas shares having slightly negative reaction Wednesday