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 |
|---|---|---|---|
| 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 |
| 12/11/2023 | $24.00 → $18.00 | Neutral → Sell | Citigroup |
| 11/15/2023 | $23.00 | Equal Weight | Wells Fargo |
BofA Securities downgraded Magnolia Oil & Gas from Buy to Neutral and set a new price target of $28.00 from $29.00 previously
Siebert Williams Shank downgraded Magnolia Oil & Gas from Buy to Hold and set a new price target of $30.00
Wells Fargo downgraded Magnolia Oil & Gas from Equal Weight to Underweight and set a new price target of $22.00 from $26.00 previously
8-K - Magnolia Oil & Gas Corp (0001698990) (Filer)
8-K - Magnolia Oil & Gas Corp (0001698990) (Filer)
8-K - Magnolia Oil & Gas Corp (0001698990) (Filer)
Magnolia Oil & Gas Corporation (NYSE:MGY) will host a conference call and webcast to discuss operational and financial results for the fourth quarter and full year 2024 on Wednesday, February 19th 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 fourth quarter and full year 2024 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 th
Magnolia Oil & Gas Corporation ("Magnolia," "we," "our," or the "Company") (NYSE:MGY) today announced its financial and operational results for the third quarter of 2024. Third Quarter 2024 Highlights: (In millions, except per share data) For the Quarter Ended September 30, 2024 For the Quarter Ended September 30, 2023 Percentage increase (decrease) Net income $ 105.9 $ 117.5 (10 )% Adjusted net income(1) $ 100.3 $ 117.5 (15 )% Earnings per share - diluted $ 0.52 $ 0.54 (4 )% Adjusted EBITDAX(1) $ 243.6 $ 239.0 2 % Capital expenditures - D&C $ 103.1 $ 104.3 (1
Magnolia Oil & Gas Corporation (NYSE:MGY) announced today that its Board of Directors has declared a quarterly cash dividend of $0.13 per share of Class A common stock, and a cash distribution of $0.13 per Class B unit, payable on December 2, 2024 to shareholders of record as of November 8, 2024. 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 by delivering steady, moderate annual production growth resulting from its disciplined and efficient philosophy toward capital spen
SC 13G/A - Magnolia Oil & Gas Corp (0001698990) (Subject)
SC 13G - Magnolia Oil & Gas Corp (0001698990) (Subject)
SC 13G - Magnolia Oil & Gas Corp (0001698990) (Subject)
Magnolia Oil & Gas Corporation (NYSE:MGY) will host a conference call and webcast to discuss operational and financial results for the fourth quarter and full year 2024 on Wednesday, February 19th 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 fourth quarter and full year 2024 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 th
Magnolia Oil & Gas Corporation ("Magnolia," "we," "our," or the "Company") (NYSE:MGY) today announced that its board of directors (the "Board") has appointed R. Lewis Ropp as an independent director of the Board, effective immediately. Mr. Ropp will serve as a member of the Audit Committee. "Lewis's strong background in finance, capital markets, and investment management as well as his experience in oil and gas operations and engineering provide valuable skills to Magnolia's Board," said Dan Smith, Chairman of the Board. "We look forward to Lewis joining our Board and sharing his unique perspective gained from having worked in management positions in both the oil service industry and for
Magnolia Oil & Gas Operating LLC ("Magnolia Operating") and Magnolia Oil & Gas Finance Corp., a subsidiary of Magnolia Operating, ("Finance Corp." and, together with Magnolia Operating, the "Issuers") announced today the pricing of their previously announced private offering (the "Notes Offering") of $400 million in aggregate principal amount of 6.875% senior unsecured notes due 2032 (the "Notes"). The closing of the Notes Offering is expected to occur on November 26, 2024, and is conditioned upon the satisfaction of customary closing conditions. The Issuers intend to use the net proceeds from the offering to repurchase and redeem the outstanding 6.00% Senior Notes due 2026 (the "2026 Not
4 - Magnolia Oil & Gas Corp (0001698990) (Issuer)
3 - Magnolia Oil & Gas Corp (0001698990) (Issuer)
4 - Magnolia Oil & Gas Corp (0001698990) (Issuer)
Magnolia Oil & Gas Corporation ("Magnolia," "we," "our," or the "Company") (NYSE:MGY) today announced that its board of directors (the "Board") has appointed R. Lewis Ropp as an independent director of the Board, effective immediately. Mr. Ropp will serve as a member of the Audit Committee. "Lewis's strong background in finance, capital markets, and investment management as well as his experience in oil and gas operations and engineering provide valuable skills to Magnolia's Board," said Dan Smith, Chairman of the Board. "We look forward to Lewis joining our Board and sharing his unique perspective gained from having worked in management positions in both the oil service industry and for
NEW YORK, March 1, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed
Magnolia Oil & Gas Corporation ("Magnolia," "we," "our," or the "Company") (NYSE:MGY) today announced that its board of directors (the "Board") has increased the size of the Board from seven to eight directors and has appointed David Khani as an independent director of the Board, effective immediately. Mr. Khani will serve as a member of the Audit Committee. "We are very honored to welcome Dave to our Board of Directors," said Dan Smith, Chairman of the Board. "Dave's deep industry knowledge and experience across the energy and natural resources spectrum, coupled with his financial and capital markets expertise, will be a valuable asset to Magnolia and our shareholders." Mr. Khani serve