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Do Analysts Expect Magnolia Oil & Gas Corp (MGY) Stock to Rise After It Is Down -4.07% in a Month?

Friday, November 24, 2023 12:59 PM | InvestorsObserver Analysts

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Do Analysts Expect Magnolia Oil & Gas Corp (MGY) Stock to Rise After It Is Down -4.07% in a Month?

InvestorsObserver is giving Magnolia Oil & Gas Corp (MGY) an Analyst Rating Rank of 33, meaning MGY is ranked higher by analysts than 33% of stocks. The average price target for MGY is $26.214 and analyst’s rate the stock as a Buy.

Overall Score - 3.9
Wall Street analysts are rating MGY a Buy today. Find out what this means to you and get the rest of the rankings on MGY!

Why are Analyst Ratings Important?

Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company's balance sheet. This information allows investors to make decisions ahead of the curve. InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.

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

Magnolia Oil & Gas Corp (MGY) stock is trading at $21.67 as of 12:42 PM on Friday, Nov 24, a rise of $0.26, or 1.21% from the previous closing price of $21.41. The stock has traded between $21.21 and $21.81 so far today. Volume today is less active than usual. So far 486,431 shares have traded compared to average volume of 1,934,576 shares. Click Here to get the full Stock Report for Magnolia Oil & Gas Corp stock.

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