Magnolia Oil & Gas Corporation (MGY) Misses Q1 EPS by 1c ; Provides Outlook

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Magnolia Oil & Gas Corp. (MGY) PT Raised to $28 at BofA Securities

May 9, 2024 6:09 AM EDT

BofA Securities analyst Noah Hungness raised the price target on Magnolia Oil & Gas Corp. (NYSE: MGY) to $28.00 (from $25.00) while maintaining a Buy rating.

The analyst comments "Adj EPS of $0.49 beat BofA and Consensus ($0.45 & $0.46) on higher oil production of 37.5 mbd versus BofA and Consensus... More