BofA analyst Noah Hungness initiated coverage of Magnolia Oil & Gas with a Buy rating and $25 price target. The analyst noted that Magnolia has differentiated itself from inception with a strategy “that prioritizes capital discipline and cash returns.” BofA feels that at the current level, the company has “competitive upside vs. SMID cap peers.”
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Read More on MGY:
- Magnolia Oil & Gas price target raised to $33 from $32 at Truist
- Magnolia Oil & Gas Unveils Q4 and Annual Performance Update
- Magnolia Oil & Gas sees FY24 D&C capital spending $450M-$480M
- Magnolia Oil & Gas reports Q4 EPS 53c, consensus 53c
- Magnolia Oil & Gas (MGY) Q4 Earnings Cheat Sheet
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