Magnolia Oil & Gas price target raised to $33 from $32 at Truist

Truist analyst Neal Dingmann raised the firm’s price target on Magnolia Oil & Gas to $33 from $32 and keeps a Buy rating on the shares after its Q4 results. The company often does not receive relatively the same credit as its Permian peers, but its “industry leading Return on Capital Employed and operating margin tell the story”, the analyst tells investors in a research note. Magnolia Oil & Gas also continues to make operational progress in its legacy and newer Giddings assets, helping continue to deliver strong free cash flow, Truist added.