Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMagnolia Petroleum Share News (MAGP)

  • There is currently no data for MAGP

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Wednesday broker round-up UPDATE

Wed, 22nd May 2013 09:37

Afferro Mining: Panmure Gordon reduces target price from 279p to 100p, while keeping its buy recommendation.Amara Mining: Westhouse Securities cuts target price from 110p to 90p retaining a buy recommendation.Amlin: Westhouse Securities moves target price from 455p to 470p and upgrades to add.ARM Holdings: Berenberg increases target price from 1150p to 1350p and maintains a buy recommendation.Beazley: Westhouse Securities shifts target price from 235p to 245p, while downgrading to neutral.Britvic: Investec places both its target price (prev.: 447p) and its buy recommendation under review.Burberry: JP Morgan increases target price from 1320p to 1400p and keeps a neutral rating. Deutsche Bank raises target price from 1400p to 1530p, while its hold recommendation remains unchanged. Credit Suisse ups target price from 1550p to 1600p and maintains an outperform rating.Capita Group: Investec ups target price from 865p to 1000p upgrading from sell to hold. HSBC Holdings increases target price from 775p to 1050p upgrading to neutral.Carnival: Morgan Stanley reduces target price from 2400p to 2200p, while reiterating an equal-weight rating. Deutsche Bank cuts target price from 2780p to 2640p staying with its buy recommendation. Exane takes target price from 2400p to 2200p and retains a neutral rating. HSBC Holdings reduces target price from 2900p to 2500p and downgrades to neutral.Catlin Group: Westhouse Securities takes target price from 530p to 590p upgrading to add.Darty: Citi shifts target price from 39p to 47p, but still recommends selling. Exane moves target price from 50p to 65p and maintains a neutral rating. Societe Generale takes target price from 51p to 68p, while downgrading to hold.Faroe Petroleum: Jefferies lowers target price from 210p to 200p, while keeping its buy recommendation.First Group: Morgan Stanley cuts target price from 195p to 176p, while upgrading to equal-weight.GlaxoSmithKline: Exane raises target price from 1400p to 1500p, but keeps its underperform rating.Great Portland Estates: Investec increases target price from 515p to 630p, while reiterating an add rating.Griffin Mining: Cantor Fitzgerald ups target price from 40p to 70p and upgrades to buy.Hikma Pharmaceuticals: Credit Suisse takes target price from 820p to 1050p, while its outperform rating is kept.Hiscox: Westhouse Securities shifts target price from 530p to 540p and keeps a neutral rating.Hogg Robinson Group: Investec lowers target price from 100p to 95p, while maintaining its buy recommendation. Canaccord Genuity shifts target price from 90p to 85p and retains a buy recommendation.Homeserve: Jefferies ups target price from 210p to 240p keeping a hold recommendation.HSBC Holdings: Bank of America ups target price from 755p to 785p and reiterates a neutral rating.Imagination Technologies Group: Berenberg reduces target price from 360p to 250p and leaves its sell recommendation unchanged.Informa: Westhouse Securities downgrades from add to neutral with a target price of 525p.Innovation Group: Investec moves target price from 30p to 33p maintaining a buy recommendation. Panmure Gordon shifts target price from 38p to 39p and keeps a buy recommendation.Invensys: Exane raises target price from 350p to 380p reiterating a neutral rating.Kazakhmys: UBS reduces target price from 465p to 385p and downgrades from buy to neutral.Magnolia Petroleum: Northland Capital initiates with a target price of 4.60p and a buy recommendation.Man Group: Citi moves target price from 110p to 130p and retains a neutral rating.Marks & Spencer: Nomura increases target price from 500p to 540p maintaining a buy recommendation. Citi ups target price from 440p to 470p and stays with its neutral rating. Deutsche Bank moves target price from 450p to 465p and leaves its hold recommendation unaltered. Exane raises target price from 310p to 390p keeping an underperform rating. Societe Generale ups target price from 472p to 581p and retains a buy recommendation. HSBC Holdings takes target price from 390p to 490p and maintains a neutral rating.MITIE: Jefferies cuts target price from 300p to 285p and maintains a hold recommendation.NetDimensions: Panmure Gordon ups target price from 118p to 124p reiterating its buy recommendation.Novae Group: Westhouse Securities raises target price from 450p to 500p and retains a neutral rating.Optimal Payments: Canaccord Genuity takes target price from 200p to 220p and retains a buy recommendation.Optos: N+1 Singer reduces target price from 150p to 135p, while upgrading to hold.Paragon Group: JP Morgan moves target price from 300p to 361p maintaining an overweight rating.Petropavlovsk: Westhouse Securities lowers target price from 285p to 275p keeping its buy recommendation.PZ Cussons: Panmure Gordon increases target price from 380p to 400p and retains a hold recommendation.RPS Group: Jefferies lowers target price from 285p to 275p, while leaving its buy recommendation unchanged.Shaftesbury: Investec takes target price from 550p to 690p and retains a hold recommendation.UK Mail Group: Investec raises target price from 465p to 600p and stays with its buy recommendation.Vectura: JP Morgan shifts target price from 133p to 148p and stays with its overweight rating.
More News
6 May 2014 10:21

CORRECT: UK WINNERS & LOSERS: Balfour Beatty Drops 18% On Profit Warning

(Correcting AstraZeneca made its statement on Tuesday.) LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.
-------
FTSE 100 - WINNERS
-------
Persimmon, up 3

Read more
6 May 2014 10:19

UK WINNERS & LOSERS: Balfour Beatty Drops 18% On Profit Warning

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.
-------
FTSE 100 - WINNERS
-------
Persimmon, up 3.6%, and Barratt Developments, up 1.8%. The h

Read more
6 May 2014 08:51

Magnolia Petroleum Says Its US Gas Reserves Downgraded

LONDON (Alliance News) - Magnolia Petroleum PLC Tuesday said it suffered a significant downgrade in its proved and producing gas reserves following a reassessment of the Mississippi Lime region geology in the US. The US-focused onshore oil and gas production company, which takes small stake

Read more
6 May 2014 08:44

Tuesday broker round-up UPDATE

Antofagasta: RBC Capital upgrades to buy with a target price of 900p. Barclays: Numis downgrades from add to hold with a target price of 280p. BG Group: Goldman Sachs ups target price from 1500p to 1530p and retains a strong buy recommendation. Britvic: Numis raises target price to 684p and keeps

Read more
14 Apr 2014 11:07

Magnolia Petroleum Increases Production And Participates In Two New Wells

LONDON (Alliance News) - Magnolia Petroleum PLC Monday said it has started production at its Bolay #1-19HW site and is participating in two new wells in Oklahoma at a cost of USD225,018. The US-focused onshore oil and gas production company, which takes small stakes in multiple wells in hig

Read more
2 Apr 2014 11:44

Magnolia Petroleum To Increase Producing Wells In Its 2nd Quarter

LONDON (Alliance News) - Magnolia Petroleum PLC Wednesday said it expects a range of new wells to come into production during the second quarter after adding 29 new wells to its portfolio during its first quarter. The US-focused onshore oil and gas production company, which takes small stak

Read more
14 Mar 2014 12:18

UK MIDDAY BRIEFING: London IPO Market Continues To Boom

LONDON (Alliance News) - The strong start to the year for UK initial public offerings continued Friday as Boohoo.com became the fifth UK retailer to float in 2014, conditional dealings for oil rigs company Gulf Marine Services got under way, and OneSav

Read more
14 Mar 2014 11:04

UK WINNERS & LOSERS: Sainsbury's, Tesco Rebound From Morrisons Knock

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday.

-------

FTSE 100 - WINNERS

J Sainsbury, up 3.2%, and Tesco, up 0.9%. The food retai

Read more
14 Mar 2014 10:15

Magnolia Petroleum Expects Full-Year EBITDA Ahead Of Expectations

LONDON (Alliance News) - Magnolia Petroleum PLC Friday said it expects full-year earnings before interest, taxation, depreciation and amortisation, adjusted for any foreign exchange gains or losses, to be ahead of market expectations, with revenues in line with expectations. The US-focused

Read more
14 Mar 2014 07:52

Magnolia Petroleum to report stronger-than-expected results

AIM-listed US onshore outfit Magnolia Petroleum said it expects adjusted annual profits to be ahead of market expectations. The company, which continues to expect 240% growth in 2013 revenues, said that earnings before interest, tax, depreciation and amortisation - adjusted for currency movements -

Read more
4 Mar 2014 12:34

Magnolia Participates In Another Two Oklahoma Wells

LONDON (Alliance News) - Magnolia Petroleum PLC Tuesday said it is participating in further two wells in Oklahoma, bringing its total number of wells to 205, with 142 producing. The US-focused onshore oil and gas production company, which takes small stakes in multiple wells in highly prosp

Read more
17 Feb 2014 12:36

Magnolia Petroleum Predicts Production Boost From New Wells Proposal

LONDON (Alliance News) - Magnolia Petroleum PLC Monday said it expects strong production growth after Devon Energy Corp proposed drilling eight wells on a single lease in Oklahoma. The US-focused onshore oil and gas production company, which takes small stakes in multiple wells in highly pr

Read more
17 Feb 2014 09:51

Magnolia Petroleum shares rise on plans to drill eight wells in Oklahoma

Shares in AIM-listed oil and gas explorer Magnolia Petroleum rose 0.08p, or 3.4 per cent, to 2.28p as the firm said it was joining a drilling programme of eight wells on an Oklahoma lease operated by partner Devon Energy. Magnolia, which has a 4.1% interest in the Marion 1-23 area to be drilled, s

Read more
7 Feb 2014 10:10

Magnolia Petroleum expects strong production growth

Magnolia Petroleum expects to see a rise in production after receiving a "large number" of proposals from operators to drill infill wells across its US onshore portfolio. Operators, such as Devon Energy, Newfield Exploration, Chesapeake Energy and Kodiak Exploration, have put forward proposals for

Read more
7 Feb 2014 09:33

Magnolia Petroleum Receives Proposals To Drill Increased Density Wells

LONDON (Alliance News) - Magnolia Petroleum PLC Friday said it has received a large number of operator proposals to drill increased density or infill wells across its US onshore leases. The US-focused onshore oil and gas production company, which takes small stakes in multiple wells in high

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account