A number of firms have modified their ratings and price targets on shares of Magnolia Oil & Gas (NYSE: MGY) recently:

  • 11/30/2018 – Magnolia Oil & Gas is now covered by analysts at Citigroup Inc. They set a “neutral” rating and a $13.00 price target on the stock.
  • 11/29/2018 – Magnolia Oil & Gas was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Magnolia Oil & Gas Corporation is an oil producer. The company’s assets are located primarily in the Eagle Ford Shale and Austin Chalk formations in South Texas. Magnolia Oil & Gas Corporation, formerly known as TPG Pace Energy Holdings, is based in Houston, Texas. “
  • 11/27/2018 – Magnolia Oil & Gas was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $14.00 price target on the stock. According to Zacks, “Magnolia Oil & Gas Corporation is an oil producer. The company’s assets are located primarily in the Eagle Ford Shale and Austin Chalk formations in South Texas. Magnolia Oil & Gas Corporation, formerly known as TPG Pace Energy Holdings, is based in Houston, Texas. “
  • 11/23/2018 – Magnolia Oil & Gas was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Magnolia Oil & Gas Corporation is an oil producer. The company’s assets are located primarily in the Eagle Ford Shale and Austin Chalk formations in South Texas. Magnolia Oil & Gas Corporation, formerly known as TPG Pace Energy Holdings, is based in Houston, Texas. “
  • 11/20/2018 – Magnolia Oil & Gas was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $15.00 price target on the stock. According to Zacks, “Magnolia Oil & Gas Corporation is an oil producer. The company’s assets are located primarily in the Eagle Ford Shale and Austin Chalk formations in South Texas. Magnolia Oil & Gas Corporation, formerly known as TPG Pace Energy Holdings, is based in Houston, Texas. “
  • 11/17/2018 – Magnolia Oil & Gas was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Magnolia Oil & Gas Corporation is an oil producer. The company’s assets are located primarily in the Eagle Ford Shale and Austin Chalk formations in South Texas. Magnolia Oil & Gas Corporation, formerly known as TPG Pace Energy Holdings, is based in Houston, Texas. “
  • 10/25/2018 – Magnolia Oil & Gas had its “overweight” rating reaffirmed by analysts at Mitsubishi UFJ Financial Group.
  • 10/17/2018 – Magnolia Oil & Gas was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $16.00 price target on the stock. According to Zacks, “Magnolia Oil & Gas Corporation is an oil producer. The company’s assets are located primarily in the Eagle Ford Shale and Austin Chalk formations in South Texas. Magnolia Oil & Gas Corporation, formerly known as TPG Pace Energy Holdings, is based in Houston, Texas. “

Shares of NYSE:MGY traded down $0.39 during midday trading on Wednesday, hitting $12.20. 1,204,393 shares of the company’s stock traded hands, compared to its average volume of 1,151,998. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.19 and a current ratio of 1.19. Magnolia Oil & Gas Corp has a twelve month low of $9.67 and a twelve month high of $15.23.

In other news, Chairman Stephen I. Chazen purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The shares were purchased at an average price of $13.94 per share, with a total value of $139,400.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John B. Walker purchased 160,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The shares were purchased at an average cost of $13.76 per share, for a total transaction of $2,201,600.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 232,883 shares of company stock worth $2,477,429 in the last 90 days.

A number of institutional investors have recently added to or reduced their stakes in MGY. Credit Suisse AG purchased a new stake in Magnolia Oil & Gas during the 3rd quarter worth $156,000. Fox Run Management L.L.C. bought a new stake in shares of Magnolia Oil & Gas in the 3rd quarter worth about $164,000. Emerald Advisers Inc. PA bought a new stake in shares of Magnolia Oil & Gas in the 3rd quarter worth about $232,000. Acadian Asset Management LLC bought a new stake in shares of Magnolia Oil & Gas in the 3rd quarter worth about $310,000. Finally, Key Group Holdings Cayman LTD. bought a new stake in shares of Magnolia Oil & Gas in the 3rd quarter worth about $450,000. 47.21% of the stock is currently owned by hedge funds and other institutional investors.

Magnolia Oil & Gas Corporation operates as an oil and gas exploration and production company. It has operations in South Texas in the core of the Eagle Ford. The company is headquartered in Houston, Texas.

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