---
title: "Wells Fargo Remains a Hold on Magnolia Oil & Gas (MGY)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287494739.md"
description: "Wells Fargo analyst Hanwen Chang maintained a Hold rating on Magnolia Oil & Gas (MGY) with a price target of $31.00. The stock closed at $29.24. Chang, a 4-star analyst, has a 12.7% average return and 63.87% success rate. Roth MKM also issued a Hold rating, while William Blair reiterated a Buy rating on May 6."
datetime: "2026-05-25T02:59:54.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287494739.md)
  - [en](https://longbridge.com/en/news/287494739.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287494739.md)
---

# Wells Fargo Remains a Hold on Magnolia Oil & Gas (MGY)

Wells Fargo analyst Hanwen Chang maintained a Hold rating on Magnolia Oil & Gas on May 21 and set a price target of $31.00. The company’s shares closed last Friday at $29.24.

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According to TipRanks, Chang is a 4-star analyst with an average return of 12.7% and a 63.87% success rate. Chang covers the Energy sector, focusing on stocks such as EOG Resources, Devon Energy, and Ovintiv.

In addition to Wells Fargo, Magnolia Oil & Gas also received a Hold from Roth MKM’s Leo Mariani in a report issued on May 7. However, on May 6, William Blair reiterated a Buy rating on Magnolia Oil & Gas (NYSE: MGY).

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