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home / news releases / MGY - Magnolia Oil & Gas: Short-Term Pessimism But Long-Term Optimism

MGY - Magnolia Oil & Gas: Short-Term Pessimism But Long-Term Optimism

Magnolia Oil & Gas Corporation Class A

2024-02-08 07:21:29 ET

Summary

  • Magnolia Oil & Gas Corporation has been in a downtrend due to suppressed oil prices and a decline in the energy sector.
  • MGY is a Texas energy pure play with a strong asset base and a focus on oil and gas exploration and production.
  • Analysts rate MGY as a buy, and the stock has the potential for a 21.7% upside with a price target of $24.33 for FY2024.

Investment Introduction

For further details see:

Magnolia Oil & Gas: Short-Term Pessimism, But Long-Term Optimism
Stock Information
Company Name: Magnolia Oil & Gas Corporation Class A
Stock Symbol: MGY
Market: NYSE
Website: magnoliaoilgas.com
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