How Does Magnolia Oil & Gas Corp (MGY) Stock Rank on Wall Street Tuesday?

Analysts who follow Magnolia Oil & Gas Corp (MGY) on average expect it to decrease -0.28% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns the stock an Analyst Ranking of 26, which means it ranks higher than 26 of stocks, based on data compiled by InvestorsObserver.

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!

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Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

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

Magnolia Oil & Gas Corp (MGY) stock is trading at $24.57 as of 12:37 PM on Tuesday, Mar 19, a gain of $0.31, or 1.26% from the previous closing price of $24.26. The stock has traded between $24.24 and $24.63 so far today. Volume today is low. So far 617,970 shares have traded compared to average volume of 4,562,360 shares. Click Here to get the full Stock Report for Magnolia Oil & Gas Corp stock.