Magnolia Oil & Gas downgraded by BofA Securities with a new price target
$MGY
Oil & Gas Production
Energy
BofA Securities downgraded Magnolia Oil & Gas from Buy to Neutral and set a new price target of $28.00 from $29.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/22/2025 | $26.00 | Buy | UBS |
| 1/31/2025 | $27.00 → $26.00 | Buy → Neutral | Goldman |
| 1/13/2025 | $29.00 → $28.00 | Buy → Neutral | BofA Securities |
| 10/15/2024 | $30.00 | Buy → Hold | Siebert Williams Shank |
| 10/1/2024 | $26.00 → $22.00 | Equal Weight → Underweight | Wells Fargo |
| 7/18/2024 | $32.00 | Outperform | Wolfe Research |
| 4/19/2024 | $29.00 | Overweight → Neutral | Piper Sandler |
| 2/27/2024 | $25.00 | Buy | BofA Securities |
Magnolia Oil & Gas Corporation ("Magnolia," "we," "our," or the "Company") (NYSE:MGY) today announced its financial and operational results for the first quarter of 2025. First Quarter 2025 Highlights: (In millions, except per share data) For the Quarter Ended March 31, 2025 For the Quarter Ended March 31, 2024 Percentage increase (decrease) Net income $ 106.6 $ 97.6 9 % Adjusted net income(1) $ 105.6 $ 101.0 5 % Earnings per share - diluted $ 0.54 $ 0.46 17 % Adjusted EBITDAX(1) $ 248.4 $ 227.8 9 % Capital expenditures - D&C $ 130.4 $ 1
Magnolia Oil & Gas Corporation (NYSE:MGY) announced today that its Board of Directors has declared a quarterly cash dividend of $0.15 per share of Class A common stock, and a cash distribution of $0.15 per Class B unit, payable on June 2, 2025, to shareholders of record as of May 12, 2025. Magnolia has distributed cash dividends to its shareholders since 2021 and has consistently grown its dividend per share payout each year. About Magnolia Oil & Gas Magnolia (MGY) is a publicly traded oil and gas exploration and production company with operations primarily in South Texas in the core of the Eagle Ford Shale and Austin Chalk formations. Magnolia focuses on generating value for shareholders
Magnolia Oil & Gas Corporation (NYSE:MGY) will host a conference call and webcast to discuss operational and financial results for the first quarter 2025 on Thursday, May 1st at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Join the webcast by visiting Magnolia's website at www.magnoliaoilgas.com/investors/events-and-presentations and clicking on the webcast link or by dialing 1-844-701-1059. Materials related to Magnolia's first quarter 2025 financial results to be discussed during the webcast will be made available in the Investors section of the website prior to the call. The company will post a replay of the webcast on its website following the call. About Magnolia Oil & Gas Mag