Expert Ratings For Magnolia Oil & Gas
Portfolio Pulse from Benzinga Insights
Magnolia Oil & Gas (NYSE:MGY) has been evaluated by 4 analysts over the last three months, with mixed opinions ranging from bullish to bearish. The average 12-month price target for MGY has been lowered to $23.00, a 10.68% decrease from the previous target of $25.75. Analysts from Piper Sandler, Wells Fargo, Mizuho, and Citigroup have all lowered their price targets for MGY. The company's financials show a -34.64% decline in revenue growth, a high net margin of 31.95%, an ROE of 6.12%, and an ROA of 3.86%, with a low debt-to-equity ratio of 0.24.
January 24, 2024 | 3:00 pm
News sentiment analysis
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NEGATIVE IMPACT
Magnolia Oil & Gas's average price target has been reduced, indicating analysts' lowered growth expectations. The company's strong profitability metrics may cushion negative sentiment.
The reduction in the average price target by analysts suggests a bearish outlook, which could lead to a short-term negative impact on MGY's stock price. However, the company's strong net margin, ROE, and ROA, along with low debt, may provide some resilience against the negative sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100