KeyBanc analyst Leo Mariani maintained a Buy rating on Magnolia Oil & Gas (NYSE:MGY) Corporation on Friday, setting a price target of $9, which is approximately 31.96% above the present share price of $6.82.
Mariani expects Magnolia Oil & Gas Corporation to post earnings per share (EPS) of -$7.34 for the third quarter of 2020.
The current consensus among 9 TipRanks analysts is for a Moderate Buy rating of shares in Magnolia Oil & Gas, with an average price target of $6.94.
The analysts price targets range from a high of $9 to a low of $5.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $181.37 million and a net profit of -$583.08 million. The company's market cap is $1.72 billion.
According to TipRanks.com, KeyBanc analyst Leo Mariani is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -13.6% and a 31.64% success rate.
Magnolia Oil & Gas Corp. is engaged in oil and gas exploration and production business. It operates assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas. The company was founded on July 31, 2018 and is headquartered in Houston, TX.