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Analyst Rating: Will Magnolia Oil & Gas Corp (MGY) Stock Beat the Market?

Friday, September 24, 2021 11:42 AM | InvestorsObserver Analysts

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Analyst Rating: Will Magnolia Oil & Gas Corp (MGY) Stock Beat the Market?

InvestorsObserver is giving Magnolia Oil & Gas Corp (MGY) an Analyst Rating Rank of 60, meaning MGY is ranked higher by analysts than 60% of stocks. The average price target for MGY is $16 and analyst’s rate the stock as a Strong Buy.

Overall Score - 4.6
Wall Street analysts are rating MGY a Strong Buy today. Find out what this means to you and get the rest of the rankings on MGY!

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Magnolia Oil & Gas Corp Stock Today?

Magnolia Oil & Gas Corp (MGY) stock is trading at $16.55 as of 11:36 AM on Friday, Sep 24, a decline of -$0.73, or -4.22% from the previous closing price of $17.28. The stock has traded between $16.02 and $16.74 so far today. Volume today is above average. So far 2,203,469 shares have traded compared to average volume of 1,390,229 shares. Click Here to get the full Stock Report for Magnolia Oil & Gas Corp stock.

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