The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil & gas exploration and production peer group is "buy"
Wall Street's median 12-month price target for Magnolia Oil & Gas Corp is $33.00, about 34.3% above its August 4 closing price of $24.58
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago
Outlook raised for full-year 2026
Magnolia raises full-year 2026 standalone production growth guidance to 6% from 5%
Company expects Q3 production to be similar to Q2 levels
Magnolia estimates Q3 2026 D&C capital spending at about $115 mln
Q2 results driven by higher prices and production
U.S. oil and gas producer's Q2 net income and EPS more than doubled year over year on higher prices
Company's Q2 production volumes rose 8% year over year, exceeding earlier guidance
Magnolia to acquire WildFire Energy, more than doubling Giddings acreage
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