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Magnolia Oil & Gas - MGY Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $27.58
  • Forecasted Upside: 20.50%
  • Number of Analysts: 13
  • Breakdown:
  • 2 Sell Ratings
  • 5 Hold Ratings
  • 6 Buy Ratings
  • 0 Strong Buy Ratings
$22.89 As of 12/20/2024 06:31 PM ET
▼ -0.25 (-1.08%)

This chart shows the closing price for MGY by one month, three months, or twelve months.

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Analyst Price Target for MGY

Analyst Price Target is $27.58
▲ +20.50% Upside Potential
This price target is based on 13 analysts offering 12 month price targets for Magnolia Oil & Gas in the last 3 months. The average price target is $27.58, with a high forecast of $33.00 and a low forecast of $22.00. The average price target represents a 20.50% upside from the last price of $22.89.

This chart shows the closing price for MGY for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 13 investment analysts is to hold stock in Magnolia Oil & Gas. This rating has held steady since November 2023, when it changed from a Moderate Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
6/29/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
9/27/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
12/26/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
3/25/2024
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
6/23/2024
  • 0 strong buy ratings
  • 6 buy ratings
  • 5 hold ratings
  • 1 sell ratings
Ratings as of
9/21/2024
  • 0 strong buy ratings
  • 6 buy ratings
  • 5 hold ratings
  • 2 sell ratings
Ratings as of
11/20/2024
  • 0 strong buy ratings
  • 6 buy ratings
  • 5 hold ratings
  • 2 sell ratings
Ratings as of
12/20/2024

Latest Recommendations

  • 0 strong buy ratings
  • 6 buy ratings
  • 5 hold ratings
  • 2 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
12/17/2024Piper SandlerLower TargetNeutral ➝ Neutral$26.00 ➝ $24.00
12/16/2024MizuhoBoost TargetNeutral ➝ Neutral$27.00 ➝ $28.00
11/1/2024Truist FinancialBoost TargetBuy ➝ Buy$31.00 ➝ $33.00
10/15/2024BenchmarkReiterated RatingHold
10/15/2024Siebert Williams ShankDowngradeBuy ➝ Hold$30.00
10/1/2024Wells Fargo & CompanyDowngradeEqual Weight ➝ Underweight$26.00 ➝ $22.00
9/30/2024Truist FinancialLower TargetBuy ➝ Buy$35.00 ➝ $31.00
9/16/2024MizuhoLower TargetNeutral ➝ Neutral$28.00 ➝ $27.00
9/12/2024JPMorgan Chase & Co.Lower TargetNeutral ➝ Neutral$26.00 ➝ $23.00
9/4/2024SusquehannaLower TargetPositive ➝ Positive$33.00 ➝ $32.00
8/15/2024Piper SandlerLower TargetNeutral ➝ Neutral$29.00 ➝ $26.00
8/5/2024Wells Fargo & CompanyLower TargetEqual Weight ➝ Equal Weight$27.00 ➝ $26.00
8/2/2024Truist FinancialBoost TargetBuy ➝ Buy$34.00 ➝ $35.00
7/23/2024Bank of AmericaBoost TargetBuy ➝ Buy$28.00 ➝ $29.00
7/22/2024Truist FinancialLower TargetBuy ➝ Buy$35.00 ➝ $34.00
7/22/2024SusquehannaBoost TargetPositive ➝ Positive$31.00 ➝ $33.00
7/18/2024BenchmarkReiterated RatingHold
7/18/2024Wolfe ResearchInitiated CoverageOutperform$32.00
6/11/2024Capital One FinancialInitiated CoverageOverweight$28.00
5/31/2024Truist FinancialBoost TargetBuy ➝ Buy$33.00 ➝ $35.00
5/13/2024MizuhoBoost TargetNeutral ➝ Neutral$26.00 ➝ $28.00
4/23/2024BenchmarkReiterated RatingHold
4/22/2024SusquehannaBoost TargetPositive ➝ Positive$28.00 ➝ $31.00
4/19/2024Piper SandlerReiterated RatingOverweight ➝ Neutral$29.00
4/18/2024Wells Fargo & CompanyBoost TargetEqual Weight ➝ Equal Weight$23.00 ➝ $27.00
4/15/2024CitigroupBoost TargetSell ➝ Sell$18.00 ➝ $22.00
3/26/2024The Goldman Sachs GroupBoost TargetBuy ➝ Buy$24.50 ➝ $28.00
3/14/2024MizuhoBoost TargetNeutral ➝ Neutral$24.00 ➝ $26.00
2/27/2024Bank of AmericaInitiated CoverageBuy$25.00
2/16/2024Truist FinancialBoost TargetBuy ➝ Buy$32.00 ➝ $33.00
1/24/2024Piper SandlerLower TargetOverweight ➝ Overweight$30.00 ➝ $29.00
1/19/2024Wells Fargo & CompanyLower TargetEqual Weight ➝ Equal Weight$23.00 ➝ $21.00
1/3/2024MizuhoLower TargetNeutral ➝ Neutral$26.00 ➝ $24.00
12/11/2023CitigroupDowngradeNeutral ➝ Sell$24.00 ➝ $18.00
11/15/2023Wells Fargo & CompanyInitiated CoverageEqual Weight$23.00
10/9/2023CitigroupLower TargetNeutral ➝ Neutral$25.00 ➝ $24.00
9/6/2023Truist FinancialBoost TargetBuy ➝ Buy$27.00 ➝ $29.00
9/6/2023MizuhoBoost TargetNeutral ➝ Neutral$25.00 ➝ $26.00
8/16/2023MizuhoDowngradeBuy ➝ Neutral$28.00 ➝ $25.00
7/24/2023Truist FinancialLower Target$33.00 ➝ $27.00
6/13/2023Piper SandlerLower Target$33.00 ➝ $29.00
5/21/2023CitigroupLower Target$25.00 ➝ $22.00
5/19/2023MizuhoLower Target$29.00 ➝ $28.00
5/18/2023Piper SandlerLower Target$34.00 ➝ $33.00
5/5/2023Truist FinancialLower Target$36.00 ➝ $33.00
4/19/2023Piper SandlerLower TargetOverweight$35.00 ➝ $34.00
4/11/2023MizuhoReiterated RatingBuy$29.00
4/11/2023Truist FinancialBoost TargetBuy$29.00 ➝ $36.00
3/10/2023MizuhoLower Target$32.00 ➝ $29.00
3/7/2023Piper SandlerLower TargetOverweight$37.00 ➝ $35.00
2/16/2023Credit Suisse GroupBoost TargetBuy$28.00 ➝ $29.00
2/14/2023Roth CapitalReiterated RatingBuy
1/11/2023Piper SandlerLower TargetOverweight$36.00 ➝ $35.00
1/9/2023MizuhoInitiated CoverageBuy$32.00
11/17/2022Piper SandlerBoost TargetOverweight$32.00 ➝ $36.00
11/3/2022KeyCorpBoost TargetOverweight$28.00 ➝ $30.00
10/18/2022Piper SandlerLower TargetOverweight$33.00 ➝ $32.00
9/19/2022KeyCorpInitiated CoverageOverweight$28.00
7/20/2022MKM PartnersReiterated RatingBuy$26.00
7/19/2022Truist FinancialBoost TargetBuy$35.00 ➝ $39.00
7/11/2022Wells Fargo & CompanyBoost TargetEqual Weight$29.00 ➝ $30.00
4/25/2022Susquehanna BancsharesBoost TargetPositive$24.00 ➝ $29.00
4/25/2022SusquehannaBoost TargetPositive$24.00 ➝ $29.00
4/21/2022Truist FinancialBoost Target$26.00 ➝ $35.00
4/14/2022KeyCorpBoost TargetOverweight$27.00 ➝ $28.00
4/7/2022Piper SandlerBoost TargetOverweight$29.00 ➝ $31.00
3/24/2022KeyCorpBoost TargetOverweight$26.00 ➝ $27.00
3/14/2022Wells Fargo & CompanyBoost TargetEqual Weight$23.00 ➝ $29.00
3/10/2022Piper SandlerBoost Target$27.00 ➝ $29.00
3/9/2022KeyCorpBoost TargetOverweight$25.00 ➝ $26.00
3/3/2022KeyCorpBoost TargetOverweight$24.00 ➝ $25.00
1/27/2022KeyCorpBoost TargetOverweight$23.00 ➝ $24.00
1/5/2022Wells Fargo & CompanyDowngradeOverweight ➝ Equal Weight$23.00
12/7/2021JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$23.00 ➝ $24.00
11/2/2021Credit Suisse GroupBoost TargetNeutral$19.00 ➝ $21.00
10/28/2021KeyCorpBoost TargetOverweight$22.00 ➝ $23.00
10/26/2021BenchmarkInitiated CoverageHold
10/21/2021Piper SandlerBoost TargetReduce ➝ Overweight$18.00 ➝ $25.00
10/14/2021KeyCorpBoost TargetOverweight$20.00 ➝ $22.00
10/7/2021Truist FinancialBoost TargetBuy$22.00 ➝ $25.00
10/7/2021Wells Fargo & CompanyBoost TargetOverweight$19.00 ➝ $22.00
10/7/2021KeyCorpBoost TargetOverweight$19.00 ➝ $20.00
9/30/2021KeyCorpBoost TargetOverweight$18.00 ➝ $19.00
9/16/2021KeyCorpBoost TargetOverweight$17.00 ➝ $18.00
8/30/2021Truist FinancialUpgradeBuy$21.00
8/23/2021Wells Fargo & CompanyLower TargetOverweight$17.00 ➝ $16.00
8/2/2021Evercore ISIInitiated CoverageOutperform$18.00
7/22/2021CitigroupBoost TargetNeutral$14.00 ➝ $15.50
7/22/2021Piper SandlerBoost TargetOverweight$16.00 ➝ $18.00
6/17/2021KeyCorpBoost TargetOverweight$16.00 ➝ $17.00
6/3/2021KeyCorpBoost TargetOverweight$15.00 ➝ $16.00
5/27/2021Piper SandlerUpgradeNeutral ➝ Overweight$13.00 ➝ $16.00
5/19/2021Wells Fargo & CompanyBoost TargetOverweight$15.00 ➝ $16.00
4/9/2021KeyCorpBoost TargetOverweight$14.00 ➝ $15.00
4/5/2021Siebert Williams ShankInitiated CoverageBuy$14.00
3/11/2021CitigroupInitiated CoverageNeutral$13.00
3/11/2021KeyCorpBoost TargetOverweight$13.00 ➝ $14.00
2/25/2021Credit Suisse GroupBoost TargetNeutral$9.00 ➝ $11.00
1/21/2021KeyCorpBoost TargetOverweight$9.00 ➝ $10.00
1/7/2021KeyCorpBoost TargetOverweight$8.00 ➝ $9.00
11/30/2020MKM PartnersDowngradeBuy ➝ Neutral$6.00 ➝ $7.00
11/18/2020Piper SandlerBoost TargetNeutral$5.00 ➝ $6.00
11/9/2020Credit Suisse GroupLower TargetNeutral$7.00 ➝ $6.00
11/6/2020Northland SecuritiesUpgradeMarket Perform ➝ Outperform
10/22/2020Piper SandlerLower TargetNeutral$8.00 ➝ $5.00
10/20/2020KeyCorpLower TargetOverweight$9.00 ➝ $8.00
8/27/2020BarclaysUpgradeEqual Weight ➝ Overweight$7.00 ➝ $8.00
8/13/2020The Goldman Sachs GroupInitiated CoverageBuy$8.00
8/6/2020Northland SecuritiesInitiated CoverageHold$7.50
7/20/2020Northland SecuritiesBoost TargetMarket Perform$5.00 ➝ $7.50
7/17/2020KeyCorpBoost TargetOverweight$8.00 ➝ $9.00
7/13/2020ScotiabankBoost TargetSector Outperform$7.50 ➝ $9.00
6/4/2020MKM PartnersInitiated CoverageBuy$7.00
5/13/2020SunTrust BanksLower TargetHold$7.00 ➝ $6.00
5/12/2020R. F. LaffertyLower TargetBuy$10.00 ➝ $6.00
5/6/2020ScotiabankInitiated CoverageBuy$7.50
3/31/2020R. F. LaffertyLower TargetBuy$19.00 ➝ $10.00
3/26/2020KeyCorpLower TargetOverweight$9.00 ➝ $8.00
3/24/2020BarclaysDowngradeOverweight ➝ Equal Weight$7.00
3/19/2020Credit Suisse GroupInitiated CoverageHold$7.00
3/13/2020Northland SecuritiesDowngradeOutperform ➝ Hold
3/10/2020Wells Fargo & CompanyLower TargetOverweight$15.00 ➝ $10.00
3/9/2020Piper SandlerDowngradeOverweight ➝ Neutral
3/9/2020SunTrust BanksDowngradeBuy ➝ Hold
1/22/2020Credit Suisse GroupDowngradeOutperform ➝ Neutral
(Data available from 12/21/2019 forward)

News Sentiment Rating

1.22 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 19 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/25/2024
  • 17 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/24/2024
  • 14 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/24/2024
  • 12 very positive mentions
  • 8 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
8/23/2024
  • 16 very positive mentions
  • 5 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
9/22/2024
  • 22 very positive mentions
  • 12 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
10/22/2024
  • 19 very positive mentions
  • 15 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/21/2024
  • 33 very positive mentions
  • 6 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
12/21/2024

Current Sentiment

  • 33 very positive mentions
  • 6 positive mentions
  • 3 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Magnolia Oil & Gas logo
Magnolia Oil & Gas Corporation, an independent oil and natural gas company, engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. Its properties are located primarily in Karnes County and the Giddings area in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation. The company was incorporated in 2017 and is headquartered in Houston, Texas.
Read More

Today's Range

Now: $22.89
Low: $22.66
High: $23.33

50 Day Range

MA: $26.31
Low: $22.89
High: $28.77

52 Week Range

Now: $22.89
Low: $19.16
High: $29.02

Volume

8,308,021 shs

Average Volume

2,455,154 shs

Market Capitalization

$4.50 billion

P/E Ratio

11.33

Dividend Yield

2.23%

Beta

1.99

Frequently Asked Questions

What sell-side analysts currently cover shares of Magnolia Oil & Gas?

The following sell-side analysts have issued reports on Magnolia Oil & Gas in the last twelve months: Bank of America Co., Benchmark Co., Capital One Financial Co., Citigroup Inc., JPMorgan Chase & Co., Mizuho, Piper Sandler, Siebert Williams Shank, Susquehanna, The Goldman Sachs Group, Inc., Truist Financial Co., Wells Fargo & Company, and Wolfe Research.
View the latest analyst ratings for MGY.

What is the current price target for Magnolia Oil & Gas?

0 Wall Street analysts have set twelve-month price targets for Magnolia Oil & Gas in the last year. Their average twelve-month price target is $27.58, suggesting a possible upside of 20.5%. Truist Financial Co. has the highest price target set, predicting MGY will reach $33.00 in the next twelve months. Wells Fargo & Company has the lowest price target set, forecasting a price of $22.00 for Magnolia Oil & Gas in the next year.
View the latest price targets for MGY.

What is the current consensus analyst rating for Magnolia Oil & Gas?

Magnolia Oil & Gas currently has 2 sell ratings, 5 hold ratings and 6 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in MGY, but not buy more shares or sell existing shares.
View the latest ratings for MGY.

What other companies compete with Magnolia Oil & Gas?

Other companies that are similar to Magnolia Oil & Gas include Coterra Energy, Ecopetrol, Permian Resources, Ovintiv and Antero Resources. Learn More about companies similar to Magnolia Oil & Gas.

How do I contact Magnolia Oil & Gas' investor relations team?

Magnolia Oil & Gas' physical mailing address is NINE GREENWAY PLAZA SUITE 1300, HOUSTON TX, 77046. The company's listed phone number is (713) 842-9050 and its investor relations email address is [email protected]. The official website for Magnolia Oil & Gas is www.magnoliaoilgas.com. Learn More about contacing Magnolia Oil & Gas investor relations.