What To Expect From Magnolia Oil & Gas Q1 Earnings In Volatile Commodity Environment?
1. J.P. Morgan analyst maintains Neutral rating on MGY with $24 price forecast. 2. MGY's capex expected to stay below 50% of EBITDA despite price volatility. 3. Positive productivity trends reported in Giddings and Karnes wells could boost estimates. 4. Analyst projects FY25 production volumes of 96.1 MBoe/d and significant cash flow. 5. MGY shares down 10.9% to $20.94 ahead of earnings release.