As previously reported, Citi upgraded Magnolia Oil & Gas to Neutral from Sell with a price target of $25, up from $19, citing continued success in the delineation and development of Giddings. The firm continues to see the best value in small-to-mid cap Oil E&Ps where double digit yields are possible at about $60 per barrel WTI prices and catalysts remain on the horizon, the analyst tells investors.
Claim 50% 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 upgraded to Neutral from Sell at Citi
- Magnolia Oil & Gas: Premium-Valued Eagle Ford Operator Poised for Above-Average Returns on Strong FCF, Low Leverage, and Disciplined Capital Allocation
- Magnolia Oil & Gas initiated with an Outperform at BMO Capital
- Magnolia Oil & Gas named top 2026 idea in Energy Oil & Gas at Clear Street
- Magnolia Oil & Gas upgraded to Outperform from Neutral at Mizuho