Reported about 7 hours ago
Magnolia Oil & Gas Corporation (MGY) has raised its full-year production guidance, as indicated in the second-quarter investor letter from TimesSquare Capital Management. Despite a recent drop in stock value, the company reported improved productivity in well operations, contributing to a better outlook for its production volumes. The stock closed at $24.28 with a market cap of $4.586 billion, although it remains overlooked by some hedge funds compared to AI stocks with perceived higher potential.
Source: YAHOO