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Business · Stock markets · published 2026-10-14 · via MarketBeat

Wells Fargo Reduces Magnolia Oil & Gas Target to $30, Maintains Equal Weight

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Wells Fargo cut its Magnolia Oil & Gas price target to $30 from $36 and kept an equal weight rating. The new target implied about 20% upside from the prior close. Magnolia's latest quarterly earnings and revenue topped expectations, with revenue up 50.1% year over year, while the stock recently traded at $24.91, down 0.8%.

Expanded Detail

EXPANDED:

Wells Fargo lowered its Magnolia target to $30 from $36 while keeping equal weight, still above the recent $24.91 close, where shares slipped $0.20. The stock's 12-month range has run from $21.07 to $32.76, and its 50-day average is $25.84 versus a 200-day average of $27.15.

Other analysts have been mixed: JPMorgan moved to overweight and lifted its target to $33, while Citigroup trimmed its target to $27. Consensus stands at Moderate Buy with a $31.

Expanded detail and Context are AI-generated analysis; the linked article remains the authoritative source.
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This summary is Al-enhanced to contain extended analysis and broader social context. The original is {NAME); the linked article is the authoritative source. Original headline: “Magnolia Oil & Gas (NYSE:MGY) Given New $30.00 Price Target at Wells Fargo & Company.” Browse more stories.