Despite the lack of deep value, there is something else: Magnolia Oil & Gas Corporation (MGY) Stock

Wells Fargo raised the price target for the Magnolia Oil & Gas Corporation (NYSE:MGY) stock from ‘an Overweight’ to ‘an Equal weight’. The rating was released on January 05, 2023, according to finviz. The stock was upgraded by Truist, who disclosed in a research note on June 30, 2021, from Hold to Buy and set the price objective to $21. In their research brief published June 02, 2021, Evercore ISI analysts initiated the Magnolia Oil & Gas Corporation stock to Outperform with a price target of $18.